This public company is a leading global aerospace and defense corporation, specializing in the design and manufacture of advanced technologies and systems for both military and commercial applications
It provides a broad range of services, including aircraft engines, missile systems, and various aerospace components, catering to governmental and industrial clients worldwide. The company is committed to innovation, focusing on developing cutting-edge solutions that enhance safety, efficiency, and performance in the aviation and defense sectors. Through its diverse portfolio, it plays a critical role in supporting national security and advancing the future of flight.
Palantir Technologies Inc. and Anduril Industries are spearheading a new consortium of technology companies to compete for U.S. Department of Defense contracts, challenging traditional defense contractors' dominance over the $850 billion defense budget.
Mysterious drone sightings have been reported across New Jersey and other northeastern states since mid-November 2024, causing concern among residents and prompting investigations by authorities.
RTX Corp (NYSERTX) to add 1,000 employees in India by 2027. Focus on talent hub, plans to hire 300 engineers in 18 months and consolidate manufacturing sites.
The global aerospace and defense industry is poised for a tumultuous year in 2025, but it may bring significant returns to these under-the-radar names.
Drone stocks have gotten a tailwind from mysterious sightings over New Jersey. Axon and AeroVironment are among those who stand to benefit, William Blair said.
Looking back on defense contractors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Lockheed Martin (NYSELMT) and its peers.
RTX Corporation successfully tests its High-Energy Laser Weapon System with the British Army, targeting aerial threats. Land vehicle integration and soldier training also part of the milestone.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at defense contractors stocks, starting with Mercury Systems (NASDAQMRCY).
Morgan Stanley sees potential growth in technology, natural gas, and defense sectors under Trump's 2024 win but flags risks from trade, fiscal, and regulatory challenges.
PALM BEACH, Fla., Nov. 22, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Military warfare today is shifting from the conventional notion that better firepower provides an edge on the battlefield, to which side has the better intelligence, surveillance, and reconnaissance (ISR) capabilities. This phase of electronic warfare has created a huge demand for the use of Military Drones (UAVs) in the military sector. UAVs do not need a crew on-board for flight, and can be autonomous or remotely-controlled by human personnel from a safe distance. A recent industry report on Military Drones said that: “Aside from ISR, UAVs are also employed for offenses. UAVs as big as a small aircraft have the capacity to carry missiles into the battlefield, while autonomous UAVs, also called drones, which can be the size of a wingspan of a bird, are used for kamikaze warfare. Such capabilities make drones a must-have for any military, allowing for major push-back to the enemy from the safety of the ground stations. For instance, in April 2023, Ukraine announced that it had procured over 300 DJI Mavic 3T UAVs and send on the front lines. The thermal and zoom capabilities of these UAVs make them ideal to gather intelligence on ground zero.” Military Drones added that: “By Product Type: Fixed Wing Segment to Hold Major Share Owing to its Increasing Use for Long Distance Operations - By product type, the market is classified into rotary wing, fixed wing, and hybrid wing. The fixed wing segment held the highest share of the military drone market in 2023 and is expected to continue its dominance during the projected period. Compared to VTOL UAVs, fixed-wing aircraft are able to carry heavier loads for longer flight times while using less power. This implies they are best suited for missions, including mapping, strategic defense, defense, and surveillance, which require high durability. Various military authorities globally use it to great effect in the defense industry. All these factors drive the segment growth during the projected period.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NYSE: LMTNYSELMT, RTX Corporation (NYSE: RTXNYSE), Red Cat Holdings, Inc. (NASDAQ: RCATRCAT).
After a sell-off on Thursday, Nov. 14 the street seems to be betting on the defense stocks again. This comes as the conflict in the Middle East escalates and geopolitical tensions ratchet the payoffs for the stocks in this sector.
