390.16 0.00 (0.00%)
After hours: 5:11PM EST
|Bid||389.71 x 800|
|Ask||391.97 x 900|
|Day's Range||387.28 - 392.30|
|52 Week Range||241.18 - 399.96|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||18.55|
|Earnings Date||Jan. 27, 2020 - Jan. 31, 2020|
|Forward Dividend & Yield||9.60 (2.48%)|
|1y Target Est||402.89|
(Bloomberg) -- Microsoft Corp. is sending representatives to a series of meetings with Pentagon officials Wednesday to discuss how companies can contribute to the military’s work on artificial intelligence, according to a list of participants reviewed by Bloomberg. Microsoft is the only Big Tech company set to attend the event, which is likely to draw objections from employees and protesters who have broad concerns about the use of AI for military purposes.About 140 companies and organizations are on the list of attendees, which includes Boeing Co., International Business Machines Corp. and Lockheed Martin Corp. Anduril Industries Inc., a new startup from former Facebook Inc. executive Palmer Luckey, will also be there. The defense contractor began working this year on Project Maven, a technology unit of the Pentagon whose official name is the Algorithmic Warfare Cross-Functional Team.For the last two years, Maven has been at the center of a contentious public debate over the technology industry’s willingness to help build military technology. The project uses computer vision software to automatically analyze footage gathered by U.S. military drones. Google, an early participant in Maven, said last summer it would stop working on the project, following protests from employees who said the work strayed too closely to autonomous weaponry. Employees at Clarifai, a small computer vision startup, also objected to Maven, although that company continued to work on the project. It is on the list of attendees for this week’s meetings, which are co-hosted by Maven officials.Wednesday’s event is billed as an “AI Industry Day,” and the stated goal is to develop AI technology to assist soldiers in the field. The government said it is particularly interested in facial recognition, natural language processing, social media data and drone footage.Microsoft has made significant inroads with its military business over the last year. It won a contract a year ago worth as much as $480 million to build combat-ready versions of its HoloLens augmented reality headsets. Last month, it also won a $10 billion contract called Joint Enterprise Defense Infrastructure, or JEDI, to build cloud computing infrastructure for the Defense Department.Both contracts inspired criticism from Microsoft employees who said they hadn’t signed up to build weaponry. The company’s executives have consistently said they would not step back from working with the U.S. military. In a meeting with employees the week after the company won the JEDI contract, Microsoft Chief Executive Officer Satya Nadella said he respected dissenting opinions but that the company had always been unambiguous about its military work, according to a person who attended and asked not to be identified discussing a private event. A Microsoft spokesman declined to comment. Microsoft’s ties to government work have caused controversy in other areas, too. Workers at Microsoft’s GitHub unit have asked the company to cancel a contract with the U.S. Immigration and Customs Enforcement agency. On Wednesday morning, a group of protesters gathered at a GitHub conference in San Francisco to draw attention to the issue.The Defense Department has put increasing focus on AI in recent years. It sees the technology as key to geopolitical competition with China. But building it has come with challenges. U.S. officials have spoken openly about tensions in the military’s relationship with tech companies.“Some employees in the tech industry see no compelling reason to work with the Department of Defense,” Lieutenant General Jack Shanahan, the head of the Pentagon’s Joint Artificial Intelligence Center, said at an event last week. Their reluctance, he said, often came from the government’s inability to adapt to the pace of the private sector: “We don’t make it easy for them.”(Updates with GitHub protests in the seventh paragraph.)To contact the author of this story: Joshua Brustein in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Milian at email@example.com, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.
Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.
(Bloomberg) -- The U.S. military may have finally found a way to fix a glitch with the world’s most high-tech helmet used by pilots flying the most expensive fighter jet in history.A bug in the $400,000 helmet display screen used by F-35 aviators caused a green glow when flying in very low-light conditions and is now expected to be overcome by using a different type of semiconductor illumination.The distracting green glow was deemed so critical that restrictions were imposed on some night landings on aircraft carriers, and the fault was classified as a “Priority One” fix by the Pentagon’s test office. Jittery lines were also visible to some pilots.Defense giant Lockheed Martin Corp. has been contracted by the F-35 Joint Program Office for the redesign, modifying headpieces by installing new organic light-emitting diodes to replace traditional liquid crystal displays.“In partnership with the F-35 Joint Program Office and our U.S. Navy customer, we’ve been working to transition the helmet technology from a traditional LCD to an Organic LED system,” Program Manager Jim Gigliotti said by email. Lockheed Martin did not provide a figure for the number of helmets requiring modification or the upgrade cost.OLED technology can provide a number of manufacturing and user benefits over older LCD alternatives, including the use of flexible screens, improved picture quality and quicker response times, and are used in flat-panel TVs, smartphones and digital wristwatches. OLED benefits, however, may come at the cost of shorter screen lifespans.The contract announcement for new helmet displays comes just days before a joint hearing of House Armed Services Committee panels into the troubled $406 billion F-35 program, the most expensive weapon project in history.The project has been plagued by problems during its two-decade development phase. Last year, the Government Accountability Office said the project had 966 outstanding glitches, with more than 150 not expected to be resolved before full-rate production.And the stealthy jet is still months away from the completion of rigorous combat testing against potential adversaries’ defense systems. Nevertheless, the Pentagon is confident in the aircraft’s abilities. A $34 billion follow-on award was made last month for 478 more fighters, taking the existing production count toward 1,000 planes -- out of a planned total of at least 3,100.The F-35 is available in three variants and is used by the Air Force, Navy and Marine Corps. More than 10 countries have committed to buy the airplane, including Japan, South Korea, Britain, Israel, Australia and the Netherlands.The state-of-the-art helmets are made as part of a joint venture by Rockwell Collins Inc. and Elbit Systems of America. The shells combine Kevlar and carbon fiber, and custom-made to snugly fit the cranial contours of each pilot. Replacements can be made using a database of head measurements kept for each pilot.One high-tech feature of the helmet display is an ability for a pilot to see video imagery of where they will land simply by looking down during vertical descent. Weapon lock-on can be achieved by looking at targets through the helmets.“We’re in the process of developing, improving and fielding the new system and the feedback from users has been extremely positive,” Gigliotti said. The pilots are “excited to get this new equipment.”To contact the reporter on this story: Pete Norman in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Andrew Davis at email@example.com, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Huntington Ingalls' (HII) top line up 6.5% year over year to $2,219 million, owing to higher volume in the Newport News Shipbuilding division and growth in the Technical Solutions division.
Kratos Defense's (KTOS) Q3 sales total $184.1 million, beating the Zacks Consensus Estimate by a whisker. Sales rise 15.5% year over year.
Deliveries of NSC8 made by Huntington Ingalls (HII) are likely to have contributed favorably to the Ingalls Shipbuilding segment's revenues in the third quarter.
Third-quarter EPS season is in the homestretch, with blue-chip Utilities, Financial Services, Consumer and Industrial companies all releasing reports. Through 11/1/2019, Refinitiv reported that 356 S&P 500 companies have now announced 3Q earnings, with 76% coming in above consensus, ahead of the past four-quarters average percentage of 74%. The better-than-expected results have improved the overall forecast for the quarter to a -0.8%, from -3.2% at the start of the reporting season. Our analysts are always on the lookout for companies that raise their outlooks during earnings season. Management’s ability to “raise guidance” can often be a catalyst to strong returns in the quarters ahead. Following are 12 BUY-rated companies in Argus coverage for which management has raised guidance during the current EPS reporting season.
Cold fusion has been around as a concept since the 1920s and the scientific community had given up on it long ago, but one major defense company is now hoping to bring it back
Achieving your retirement goals takes a much different investing approach than regular stock trading, from smartly managing risk to keeping emotions in check.
FLIR Systems' (FLIR) revenues increased 8.4% year over year to $471.2 million in the third quarter. However, the top line misses the Zacks Consensus Estimate by 3%.
Kratos' (KTOS) receipt of an initial contract funding from Dynetics for its Spartan program is expected to have boosted its third-quarter performance.
Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon