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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.
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 government advocated mergers in years past, but that push makes it harder for companies to get deals done today like United Technologies/Raytheon.
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 common thinking had been that secular changes like the burgeoning middle class in emerging markets and millennials’ preference for travel experiences would support traffic growth beyond that average rate, and that was what happened for a few years. Whether or not the slackening trend of the past two months lasts, commercial air-travel demand will most likely continue to grow in some capacity, Aengus Kelly, CEO of plane-lessor AerCap Holdings NV, said in a phone interview this week. The question is whether Boeing Co. and Airbus SE are already planning to build more planes than the industry will need and whether some customers may soon realize they’ve overpaid for assets or bought plane models that now look less desirable.
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.
Science Applications International Corporation (NYSE:SAIC), which is in the it business, and is based in United...
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.
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.
Boeing's (BA) MH-47G is a special operation variant of the CH-47 Chinook helicopter, capable of external sling-load operations, artillery placements and air assaults.
General Dynamics Corporation (NYSE:GD), a large-cap worth US$49b, comes to mind for investors seeking a strong and...
Mercury Systems, Inc. (NASDAQ:MRCY), which is in the aerospace & defense business, and is based in United States, saw...
Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday. "We have beaten the goal by a full year," Lockheed Martin campaign manager Mark Pranke told a news conference in Helsinki, where the company is seeking a deal worth an estimated 7-10 billion euros (£6.2 - £8.9 billion) to replace Finland's ageing 64 Hornet fighter jets. Finland's new centre-left government said last week it would pick new fighter jets in 2021 from five shortlisted options, including U.S.-based Boeing's F/A-18 Super Hornet, French firm Dassault's Rafale, the Eurofighter Typhoon and Swedish firm Saab's Jas Gripen, as well as the F-35.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
The activist investor sent an e-mail to United Technologies CEO Greg Hayes over the weekend expressing concern about reports that the company was nearing a deal with missile-maker Raytheon. Ackman isn’t impressed, and in his letter blasted the deal as well as United Technologies’ decision to used “today’s massively undervalued” stock as currency.