Pratt & Whitney has received a $1.04 billion contract to deliver additional F-35 engines, bringing the total value of the entire order to $1.4 billion, according to the Defense Department. The new deal will help drive down costs of the engines for the Lockheed Martin F-35, according to Pratt & Whitney.
Japanese developer Hulic Co. wants to speed up the listing of a $1.04 billion REIT as the economy improves. It said it will list the REIT by the middle of 2014. The REIT will include office and commercial buildings in Tokyo as well as nursing homes.
U.S. REITs outperformed the broader equity market for the fourth consecutive year in 2012, NAREIT reports.
The FTSE NAREIT All REITs Index delivered a 20.14% total return for the year, while the FTSE NAREIT All Equity REITs Index posted a 19.7% gain. The S&P 500 rose by 16%.
Toledo-based Health Care REIT has completed its $3.4 billion acquisition of Sunrise Senior Living's assets. Health Care REIT has also closed on a related deal to sell Sunrise's management company business for $130 million.
The European Aeronautic Defense & Space Co. said that reduced revenue from its delayed A400M military transport program and provisions against losses caused the company to move into the red in 2009. EADS posted a net loss of $1.04 billion last year, but the company said it had reached an agreement with European governments to save the A400M project.