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Boeing awarded $101.73M Air Force contract modification

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Category: blogSource: theflyonthewallMay 25th, 2021

General Dynamics (GD) Wins Deal to Support Abrams Tank System

General Dynamics (GD) is going to provide technical support services for the Abrams tank system. General Dynamics Corporation’s GD Land Systems business unit recently secured a $13.7-million modification contract to provide technical support services for the Abrams tank system. The contract has been awarded by the U.S. Army Contracting Command, Warren, MI.Work related to the deal will be performed in Sterling Heights, MI, and is scheduled to be completed by Sep 30, 2022.Solid Demand for MBTsNations are developing advanced new generation main battle tanks (MBTs) to equip their militaries amid rising geopolitical tensions. General Dynamics’ Abrams battle tank is one such tank and thus its demand continues to soar.Apart from the solid demand on the domestic front, it has a robust customer base overseas. Major international militaries of nations like Egypt, Kuwait, Saudi Arabia, Australia, and Iraq are the primary customers of Abrams battle tanks. Therefore, General Dynamics witnesses solid contract flow for Abrams from Pentagon and other U.S. allies.The company won a $4.62 billion worth contract for manufacturing Abrams M1A2 SEPv3 tanks, last year. The latest contract win is yet another bright example of the solid demand that this tank enjoys.The fiscal 2022 U.S. defense budget included an allotment of $70 million for Abrams battle tank modifications. Such budgetary provisions should usher in more contract wins for the Abrams system and its associated technical upgrades from Pentagon. Such contract wins are likely to boost the company’s profit margin, going ahead.ProspectsPer a report by Mordor Intelligence, the MBT market is expected to register a CAGR of more than 3% during 2020-2025, which bodes well for manufacturers of such battle tanks like General Dynamics, BAE Systems Plc BAESY, and Hyundai Rotem - part of Hyundai Motor Group HYMLF.Price PerformanceShares of General Dynamics have gained 41.5% in a year against the industry’s decline of 5.6%.Image Source: Zacks Investment ResearchZacks Rank & A Key PickGeneral Dynamics currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the same industry is Textron Inc. TXT, which holds a Zacks Rank #2 (Buy) You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Textron delivered an earnings surprise of 37.41%, on average, in the last four quarters. The Zacks Consensus Estimate for 2021 earnings indicates growth of 58.5%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report Hyundai Motor Co. (HYMLF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2021

Northrop (NOC) Wins Deal to Supply Link 16 B Kit Spares

Northrop's (NOC) business unit is going to provide Link 16 B kits and spare parts to support modification of UH-1Y and AH-1Z helicopters. Northrop Grumman Corp.’s NOC business unit, Northrop Grumman Systems Corp., recently secured a contract for procurement of 25 Link 16 B kits, three Link 16 B kit spares, and two Link 16 flight training device B kits. The agreement has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $30.9 million, the contract is projected to be completed in September 2023. Per the terms, the aforementioned kits and spare parts will be procured to support the modification of UH-1Y and AH-1Z helicopters. Northrop will also offer Link-16 systems engineering, program management, and logistics support.The majority of  the work related to this deal will be executed in Woodland Hills, CA.Northrop & Military CommunicationsIncreasing geopolitical tensions across the globe have prompted nations to strengthen their defense systems manifold. Notably, military communications, including airborne, air-ground, underwater, ground-based, and shipborne communications, form an integral part of a nation’s defense system for safe and secured transmission of data. Consequently, interoperability and better security of military services are the factors driving the growth of the military communications market.  With North America constituting the largest portion of the global military communications market, buoyed by increasing technological advancements in the region, Northrop enjoys an esteemed position in this market.Notably, Northrop Grumman offers world-class expertise in tactical data link (TDL) technology, with the company having 60 years of experience in the design and development of TDLs, network planning, management, and control systems for every echelon of battlefield network communication. The company’s TDL solutions are currently employed worldwide to conduct TDL operations using a wide variety of over 30 interfaces and protocols, such as Link 16, Link 11, Joint Range Extension Application Protocol (JREAP), Variable Message Format (VMF), and Link 22.Such a wide variety of TDLs in its product portfolio must have made Northrop's Link 16 the preferred choice by Pentagon, as is evident from the latest contract win.Growth ProspectsThe global military communications market size is projected to grow from $33.4 billion in 2020 to $40.6 billion by 2025, at a CAGR of 4%, as predicted by the Markets and Markets research firm.  Such solid growth projections should boost Northrop’s top-line performance in the coming days.The aforementioned growth prospects of the global military communications market bode well for other defense primes as well, which are engaged in the communications market. Lockheed Martin’s LMT next-generation communication systems include the Whetstone system developed to extend communications to soldiers out of range of conventional networks, Warfighter Information Network - Tactical (WIN-T) system that provides Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) capabilities, and a few more.L3Harris Technologies’ LHX product portfolio includes tactical SATCOM terminals, RO Tactical Radio as well as RO-Mobile Awareness program, which provides rapid, global push-to-talk and visual Situational Awareness capabilities for users in remote locations.Raytheon Technologies’ RTX Collins Aerospace unit provides modernized military communication systems and sophisticated software-defined radio technologies.Price PerformanceShares of Northrop have witnessed 5.2% growth in the past year against the industry’s decline of 4.3%.Image Source: Zacks Investment ResearchZacks RankNorthrop Grumman currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here  Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report L3Harris Technologies Inc (LHX): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 22nd, 2021

Lockheed Martin (LMT) Wins $37.5M Modification Contract

Lockheed Martin's (LMT) Aeronautics unit is going to procure ancillary mission equipmentto support production of F-35 jets. Lockheed Martin Corporation’sLMT business unit, Aeronautics, recently clinched a modification contract involving the production of the 15th lot ofF-35 Joint Strike Fighter jets. The deal has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $37.5 million, the contract is expected to get completed by December 2023. The latest modificationdeal increases the contract ceiling andboosts ancillary mission equipment procurement to support production of F-35 jets. The contract will serve the U.S. Navy, Marine Corps, Air Force, Foreign Military Sales customers, and non-U.S. Department of Defense participants. Work related to this deal will be executed in Fort Worth, TX.Growing Importance of F-35 WorldwideThe F-35 program is recognized worldwide as evident by its eight international program partners— the United States, the U.K., Italy, the Netherlands, Australia, Norway, Denmark and Canada. Additionally, it has six Foreign Military Sales customers that are procuring and operating the F-35,namely Israel, Japan, South Korea, Poland, Belgium and Singapore. This reflects the growing importance of this family ofjets globally. In July 2021, the Swiss Federal Council announced that it has selected Lockheed Martin's F-35 Lightning II as its new fighter aircraft. With thisselection, Switzerland becamethe 15th nation to join the F-35 program. Such developments willaid the United States to continue dominating the combat aircraft space,with the F-35 Joint Strike Fighter jet program being one of the key catalysts.Looking AheadCountries globally have been reinforcing their military resources due to intense geo-political tensions and amplified terrorist threats. This has spurred the demand for combat aircraft.The United States, which is the largest exporter of military weaponries worldwide, is focused on strengthening its military resources. This is quite evident from the allotment of a $12 billion investment plan, in the U.S. fiscal 2022 defense budget,for 85 F-35 Joint Strike Fighters. So, we may expect a solid flow of contracts from the Pentagon involving F-35 Joint Strike Fighters. The latest deal is a testament to that.It is imperative to mention in this context that such budget allocation will not only benefit Lockheed Martin but also Northrop Grumman NOC, BAE Systems BAESY and Pratt & Whitney, a unit of Raytheon Technologies RTX as these are leading supporters of F-35 Joint Strike Fighters production. While Northrop Grumman and BAE Systems supply components for mission systems and airframe,Pratt & Whitney offers its combat-proven engine to this jet.Price Movement In the past one year, shares of Lockheed have lost 12.8% against the industry’s growth of 10.2%.Image Source: Zacks Investment ResearchZacks RankLockheed Martin currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksSep 21st, 2021

Raytheon (RTX) Wins $140M Deal to Supply AN/APG-79 Radars

Raytheon (RTX) is set to provide supplies and support including software, obsolescence management, engineering support, and associated technical data for AN/APG-79 radar integration. Raytheon Technologies Corp. RTX recently clinched a modification contract for supplying 36 AN/APG-79(V)4 radar systems to support radar integration into the C/F-18A aircraft. The Naval Air Systems Command, Patuxent River, MD awarded this agreement.Details of the DealValued at $140.4 million, the contract is expected to be completed in March 2024 and will serve the government of Canada. Per the terms, Raytheon will provide supplies and support including software, obsolescence management, engineering support, and associated technical, financial, and administrative data in relation to AN/APG-79(V)4 radar integration.The majority of  the work related to this deal will be executed in Forest, MS, and El Segundo, CA.Importance of the APG-79 Radar SystemThe combat-proven APG-79 AESA radar system substantially increases the power of Boeing’s (BA) family of F/A-18 aircraft by providing active electronic beam scanning, thus allowing the radar beam to be steered at enormous speeds.Further, its agile beam enables the multimode radar to interleave in near-real time so that pilots and crew can use both modes, simultaneously. The radar system also optimizes situational awareness and provides superior air-to-air and air-to-surface capabilities.Radars & RaytheonWith the rapid escalation of geopolitical tensions globally in recent times, developed and developing nations have been boosting their defense arsenal significantly. Radars constitute a vital part of this arsenal.Empirically, demand for military radar systems has expanded manifold in recent times, driven by factors like the rise in defense spending of emerging economies, an increase in regional tensions, and inter-country conflicts that have increased threats from missiles and aircraft. This in turn has been benefiting radar manufacturing companies like Raytheon in the form of contract wins like the latest one.Notably, Raytheon’s product portfolio consists of varied radars like integrated air and missile defense radars, ballistic missile radars, surveillance radars as well as air dominance radars. Radars like AN-SPY 6, AN-TPY-2, APG-79, and APG-82 are some of its combat-proven products that enjoy solid demand in the global military radar market.Growth ProspectsPer Markets and Markets Research firm, the global military radar market is expected to reach $17.4 billion by 2025 at a CAGR of 4.4% from 2020. Such growth projections for the aforementioned market should benefit prominent radar manufacturers like Raytheon Technologies, Lockheed Martin LMT, L3Harris Technologies LHX, and Northrop Grumman NOC.Notably, Lockheed’s product portfolio includes various radar and electro-optical/infrared sensor systems like AN/APY-9 radar, airborne ground surveillance radar systems, IRST21 Sensos system, AN/TPQ-53 radar systems, SPY-7, long-range discrimination radar, and a few more.L3Harris manufactures combat-proven radars like SPS-48 land-based surveillance radar, the AN/APY-11 Multimode radar, the Tactical Air Surveillance radar, the AN/SPS-48G Long range 3D surveillance radar, and many more.  Northrop’s broad portfolio of products comprises radars like AN/APG-83 scalable agile beam radar, AN/ASQ-236 Dragon’s eye radar pod as well as AN/APG-81 and AN/APG-71 for F-35 and F-22 jets, respectively.Price PerformanceRaytheon’s shares have gained 39.5% in the past year compared with the industry’s increase of 31.9%.Image Source: Zacks Investment ResearchZacks RankRaytheon currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report L3Harris Technologies Inc (LHX): Free Stock Analysis Report Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 21st, 2021

Boeing awarded $101.73M Air Force contract modification

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Category: blogSource: theflyonthewallMay 25th, 2021

Lockheed Martin awarded maximum $194.7M Navy contract modification

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Category: blogSource: theflyonthewallMay 17th, 2021

Huntington Ingalls awarded $115.01M Navy contract modification

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Category: blogSource: theflyonthewallMay 12th, 2021

Comtech awarded $6.2M in additional funding for contract modification

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Category: blogSource: theflyonthewallMay 3rd, 2021

Lockheed Martin awarded $663.73M Army contract modification

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Category: blogSource: theflyonthewallApr 30th, 2021

Lockheed Martin awarded $214.71M Army contract modification

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Category: blogSource: theflyonthewallApr 27th, 2021

Boeing awarded $106.82M Air Force contract modification

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Category: blogSource: theflyonthewallApr 27th, 2021

Lockheed Martin awarded $138M Air Force contract modification for PPR2 program

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Category: blogSource: theflyonthewallApr 26th, 2021

Boeing awarded $436.69M Army contract modification for Apache AH-64E aircraft

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Category: blogSource: theflyonthewallApr 20th, 2021

Lockheed Martin awarded $128.39M Navy contract modification

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Category: blogSource: theflyonthewallApr 1st, 2021

Northrop Grumman awarded $259.59M Air Force contract modification

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Category: blogSource: theflyonthewallMar 31st, 2021

Northrop Grumman awarded $195.04M Navy contract modification

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Category: blogSource: theflyonthewallMar 31st, 2021

Boeing awarded $1.62B Navy contract modification

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Category: blogSource: theflyonthewallMar 31st, 2021

Raytheon Technologies awarded $130.02M Navy contract modification

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Category: blogSource: theflyonthewallMar 30th, 2021

AstraZeneca awarded $204.88M Army contract modification for AZD7442 doses

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Category: blogSource: theflyonthewallMar 30th, 2021

Sikorsky Aircraft awarded $284.39M Army contract modification

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Category: blogSource: theflyonthewallMar 30th, 2021