A North Sea operator awards Hornbeck a two-year well-closing contract expected to start in 2027.

Hornbeck Offshore Services and Helix Energy Solutions completed their all-stock merger, forming a larger offshore services company. The combined entity will trade as 'HOS' on the NYSE, with Hornbeck shareholders owning 55% and former Helix shareholders 45%. The merger aims to leverage complementary strengths in marine, subsea, and well intervention services.

BAE Systems Land & Armaments LP received an $818.36 million contract modification from the U.S. Army for armored vehicles, increasing the total contract value to $3.30 billion. The work will be done in York, Pennsylvania, and is scheduled for completion by May 31, 2030, using fiscal 2025 and 2026 funds.

Lockheed Martin (LMT) secured three defense contracts totaling $1.3B. The largest, $1.21B, is for Precision Strike Missile Increment 2. Another $97.64M contract covers Multiple Launch Rocket System recapitalization. A $13.17M modification increases a Joint Air-to-Surface Standoff Missile contract to $476.12M. Work spans 2025-2031.

UBS maintained a 'Buy' rating on General Motors (GM) and raised its price target to $114 from $102. GM is seen as overvalued by 30.6% with a GF Value of $66.73. The company has a GF Score of 77/100, indicating solid performance. 17 gurus hold GM stock, with mixed activity. GM's P/E ratio is 40.35x, higher than its 5-year median of 6.57x.

Moody’s upgraded Embraer S.A. (NYSE:ERJ) to Baa2 from Baa3, citing improved credit metrics, conservative financial policies, and strong liquidity. The company’s adjusted gross leverage declined to 2.4x, and operating margins increased to 9.0%. Embraer’s backlog reached $34.5 billion, with $2.3 billion in cash and short-term investments. The rating considers aviation industry cyclicality and competition.

S&P Global Ratings revised Newmont Corp.'s outlook to positive, citing debt reduction, strong margins, and conservative capital allocation. The company's debt-to-EBITDA is expected to stay below 0.5x, supported by robust cash flow. Newmont divested noncore assets and reached a $1.95B deal with Barrick Mining.