Construction of Arctic Security Cutters

MemorandumProcurementPublished 25/10/08Open the original

Summary

President Trump finds it in the national security interest to build up to four Arctic Security Cutters abroad and directs the Coast Guard to submit within 60 days a phased plan that on-shores expertise to build follow-on cutters domestically.

By industry

Shipbuilding & MASGA1 trading day+1.1%p15 stocks5 trading days+0.9%p15 stocks20 trading days−0.1%p15 stocks
“construct up to four Arctic Security Cutters (ASCs) abroad”

Day by day after the announcement

Shipbuilding & MASGA stocks and the S&P 500 after the announcement, cumulative %
Day	Shipbuilding & MASGA stocks	S&P 500
25/10/07	0.0%	0.0%
25/10/08	+1.6%	+0.6%
25/10/09	−0.1%	+0.2%
25/10/10	−3.1%	−3.1%
25/10/13	−1.7%	−1.0%
25/10/14	−0.2%	−1.1%
25/10/15	−1.1%	−0.7%
25/10/16	−2.1%	−1.5%
25/10/17	−2.5%	−0.7%
25/10/20	−0.8%	+0.3%
25/10/21	−0.5%	+0.3%
25/10/22	−1.9%	−0.3%
25/10/23	−1.0%	+0.3%
25/10/24	+0.1%	+1.1%
25/10/27	+0.3%	+2.4%
25/10/28	+0.1%	+2.6%
25/10/29	+1.6%	+2.5%
25/10/30	+1.6%	+2.2%
25/10/31	+2.1%	+1.8%
25/11/03	+2.3%	+1.9%
25/11/04	+0.7%	+0.8%

Korean stocks in these industries

Hanwha Ocean 042660
HD Hyundai Heavy Industries 329180
HD Korea Shipbuilding & Offshore Engineering 009540
Samsung Heavy Industries 010140

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Neil G. Mitchill Jr.EVP, CFO
SellRTX
Sell
RTX
RTX
$873.5K
4,849 sh
$873.5K
Filed 25/10/28
Traded 25/10/24
Christopher T. CalioChairman, President and CEO
SellRTX
Sell
RTX
RTX
$858.3K
4,813 sh
$858.3K
Filed 25/10/29
Traded 25/10/27
Christopher E. KubasikChair and CEO
Sell10b5-1 planL3HARRIS Technologies
Sell10b5-1 plan
L3HARRIS Technologies
LHX
$23.2M
83,000 sh
$23.2M
Filed 25/09/12
Traded 25/09/12
Frank A. St JohnCOO
SellLockheed Martin
Sell
Lockheed Martin
LMT
$2.3M
4,703 sh
$2.3M
Filed 25/10/27
Traded 25/10/23
Frank A. St JohnCOO
SellLockheed Martin
Sell
Lockheed Martin
LMT
$1.5M
3,020 sh
$1.5M
Filed 25/10/27
Traded 25/10/23
Tracy A. AtkinsonDirector
SellRTX
Sell
RTX
RTX
$500.9K
2,800 sh
$500.9K
Filed 25/10/28
Traded 25/10/24
Mark MalcolmDirector
SellGeneral Dynamics
Sell
General Dynamics
GD
$1.1M
3,220 sh
$1.1M
Filed 25/09/16
Traded 25/09/12
Michael DippoldEVP and CFO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$537.6K
12,907 sh
$537.6K
Filed 25/09/15
Traded 25/09/12
Frank A. St JohnCOO
SellLockheed Martin
Sell
Lockheed Martin
LMT
$34K
69 sh
$34K
Filed 25/10/27
Traded 25/10/23
Victoria D. HarkerDirector
SellHuntington Ingalls Industries
Sell
Huntington Ingalls Industries
HII
$316.6K
1,000 sh
$316.6K
Filed 25/11/06
Traded 25/11/04
Michael DippoldEVP and CFO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$268.8K
6,453 sh
$268.8K
Filed 25/09/15
Traded 25/09/12
Nicolas G. SchuckCorp VP, Controller & CAO
SellHuntington Ingalls Industries
Sell
Huntington Ingalls Industries
HII
$146.4K
465.68 sh
$146.4K
Filed 25/11/06
Traded 25/11/04
John BaylounyEVP and COO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$477.1K
11,420 sh
$477.1K
Filed 25/09/18
Traded 25/09/17
John BaylounyEVP and COO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$370.5K
8,481 sh
$370.5K
Filed 25/10/16
Traded 25/10/15
Mark DorfmanEVP, GC and Secretary
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$355.4K
8,534 sh
$355.4K
Filed 25/09/15
Traded 25/09/12
Mark DorfmanEVP, GC and Secretary
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$177.7K
4,267 sh
$177.7K
Filed 25/09/15
Traded 25/09/12