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The Department of Defense’s priorities for the next five years call for protected and prioritized investments in weapon technology and new capabilities.
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.
Lockheed Martin said Monday that will spend $142 million and hire 326 new workers over the next few years as it expands its southern Arkansas facility. The Maryland-based company announced the expansion of its plant in Camden, about 85 miles (140 kilometers) southwest of Little Rock. The facility currently employs about 700 workers.
Boeing (BA) is set to offer Joint Direct Attack Munition (JDAM) tail kits, spares, repairs and technical services per the terms of the latest modification.
The recent attacks on oil tankers rattle the international petroleum market. If U.S. initiates a war in the Middle East, U.S. defense majors are likely to gain.
The latest contract will enable Raytheon (RTN) to conduct the DET, which expands the existing capabilities of the Integrated Defensive Electronic Countermeasures used in F/A-18E/F aircraft.
Robust sales of Class 6-8 trucks and buses along with improving market share drive Navistar (NAV). However, tough current market condition is concerning.
Lockheed Martin F-35 programme manager Greg Ulmer said on Monday he had "no concern" that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 programme or pressure its margins. "I don't see any concern," Ulmer told reporters at the Paris Airshow when asked if the merger of two key suppliers would affect the F-35 programme, which is working hard to reduce costs.
The deal has raised questions from many lawmakers and regulators about the economic benefits and costs of large mergers.
The government advocated mergers in years past, but that push makes it harder for companies to get deals done today like United Technologies/Raytheon.
US defence executives sounded a bullish note on the outlook for the industry on the eve of the Paris air show, saying they expected governments to boost spending in new technologies to counter evolving threats. Plans announced by United Technologies and Raytheon last week to merge to form a $120bn aerospace and defence behemoth have raised questions about whether spending in the US, the world’s biggest defence market, will plateau after 2020.
The company announced that it entered into an agreement to acquire Wave Financial, a small-business financial-solutions platform, for $405 million in cash. Despite Enphase’s significant move since 2017, up 13-fold since January 2017 and over 200% year to date (versus Nasdaq Composite at 18% YTD), we still see upside in the shares as the company is in the process of transforming from a widget (microinverters) supplier to a complete solution provider.
United Technologies’ push to simplify is being aborted, and Raytheon isn’t getting a premium. But both stocks trade at a discount to peers.
The F-35 fighter jets maker had announced plans to close the plant, which does "completion work" for Sikorsky's S-92 and S-76D helicopters, citing a multi-year slump in the rotorcraft industry, possibly due to the protracted downturn in oil prices. "While Pennsylvania is BOOMING, I don't want there to be even a little glitch in Coatesville - every job counts.
Airbus said on Friday it had urged United Technologies to "keep its eye on the ball" in its role as a commercial aerospace supplier as it moves towards a planned merger with U.S. defence contractor Raytheon. Chief Executive Guillaume Faury said the message was understood by the world's largest aerospace supplier, whose Pratt & Whitney unit supplies engines for the A320neo jet. Faury told a news conference he had spoken to UTC leaders and would do so again at the Paris Airshow next week.
Vertical Research Partners argues that pessimism about United Technologies’ merger with Raytheon has made the shares too cheap.
Boeing's (BA) F/A-18E/F multirole fighter jet is capable of performing virtually every mission in the tactical spectrum, including day/night strike with precision-guided weapons and maritime strikes.
Donald Trump has credited Greg Hayes — the burly former football player who plans to create a new aerospace and defence titan — with helping him get elected president. In the four and a half years since ...
Between 2014 and 2018—during Modi’s first term—India imported $13.9 billion worth of arms, making it the world’s second-largest importer of arms. With $16.9 billion worth of arms imports, Saudi Arabia was the largest importer of arms during the period.
American Outdoor Brands (AOBC) is likely to witness some duplicate expense in fourth-quarter fiscal 2019 due to the ramp-up of the new logistics facility
Zacks.com featured highlights include: Lithia Motors, OUTFRONT, Lockheed, Maximus and Microsoft
Huntington Ingalls (HII) is likely to support ship repair and modernization during continuous incremental availabilities, planned incremental availabilities as well as full-ship shock trials.