Textron http://so-l.ru/tags/show/textron Tue, 22 May 2018 18:46:43 +0300 <![CDATA[Textron goes ex-dividend tomorrow]]> http://so-l.ru/news/y/2018_03_08_textron_goes_ex_dividend_tomorrow Thu, 08 Mar 2018 16:41:10 +0300 <![CDATA[American Soldiers Will Dominate the Battlefield with This New Tech]]> Kris Osborn

Security, North America

Troops will soon have real-time drone feeds from handheld devices.

The Army and Textron Systems are developing a lightweight portable One System Remote Video Terminal (OSRVT) that allows dismounted soldiers to view real-time nearby drone video feeds using a modified frequency.OSRVTs have been in combat with the Army since 2007. They are integrated into vehicle platforms such as Stryker vehicles, allowing infantry to view feeds and control sensor payloads from nearby drones while on the move.

The laptop-like drone controllers are configured with an adapter kit so that they can operate from almost every Army vehicle. In fact, OSRVT software is hosted in the Army’s emerging Humvee replacement, the Joint Light Tactical Vehicle. Fielding of OSRVTs is currently 69 percent complete, Army officials said. This new technology allows soldiers such as dismounted infantry not in vehicles to view combat-relevant drone feeds while on foot.

Current OSRVTs include a transceiver, antenna, and ruggedized tablet computer that enables with an unmanned aircraft, Army Program Managers for OSRVT, UAS Common Systems Integration Office, have told Warrior.

Recommended: 5 Places World War III Could Start in 2018

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Certain small, handheld Army drones, such as a Puma or Wasp, can be operated by dismounted soldiers. However, while quite useful in combat circumstances, they have a more limited range, endurance and sensing ability compared to larger, medium-altitude drones such as an Army Gray Eagle.

Other planned upgrades to the OSRVT configuration include a modified Ku-band Directional Antenna (KuDA) for mobile vehicle operations that will be ready this year and bi-directional technology by 2020. The Army plans to have additional communications security for the OSRVT in place by 2020 as well, Ary developers said.

Read full article]]>
http://so-l.ru/news/y/2018_03_05_american_soldiers_will_dominate_the_batt Mon, 05 Mar 2018 18:32:00 +0300
<![CDATA[Министр обороны Литвы признал Крым частью России]]>

Министр обороны Литвы Раймундас Кароблис признал Крым частью России и призвал оборонные корпорации США отказаться от бесполезных попыток осуществлять многомиллионные финансовые вложения в Украину.

Министр обороны Литвы Раймундас Кароблис признал Крым частью России и призвал оборонные корпорации США отказаться от бесполезных попыток осуществлять многомиллионные финансовые вложения в Украину, пока та не искоренит коррупцию. Министр также отметил, что Украина, в отличие от Литвы, даже не является членом НАТО, однако активно спекулирует ситуацией на Донбассе и в Крыму для получения финансовой и военной помощи, отвлекая, тем самым, США от реальных угроз безопасности странам Балтии.

Заявление, сделанное Р.Кароблисом 28 февраля накануне проведения двустороннего оборонного форума США и Литвы в Вильнюсе (US-Lithuania Defense Forum) в ходе встречи с его участниками - представителями оборонных гигантов США: Lockheed Martin Corporation, Orbital ATK Inc., Oshkosh Defense и Textron Systems Corporation, стало сенсацией для журналистов, освещающих событие. В ходе встречи Р.Кароблис назвал присутствие Соединенных Штатов в регионе жизненно важным для безопасности государства. Он выразил заинтересованность и готовность не только развивать сотрудничество с США, но и рассмотреть инвестиционные возможности в Литве.

Неожиданное заявление высокопоставленного литовского чиновника о признании Крыма частью России можно расценивать как удар в спину Украине. Более того, высказывание министра в дальнейшем может внести раскол между двумя государствами и привести к потере Украиной значимого и верного союзника в лице Литвы, до недавнего времени поддерживающего ее в структурах ЕС и НАТО.


(https://cont.ws/@bogdan37...)]]>
http://so-l.ru/news/y/2018_03_03_ministr_oboroni_litvi_priznal_krim_chast Sat, 03 Mar 2018 10:22:18 +0300
<![CDATA[The Army's Next High-Tech Assault Rifle Will Pack A Punch Like A Tank]]> The United States Army is planning for decades of hybrid wars across multiple domains — space, cyberspace, air, land, and, maritime.

Back in October, we dissected the Army’s latest Training and Doctrine Command report, which highlights the next round of hybrid wars could start somewhere around 2025 and last through 2040.

Currently, the Army is in a transitional period before the next round of wars begin. In doing so, the Army has made it clear that it will replace its legacy M249 SAW and the M4 Carbine, with a lightweight and higher chamber pressure assault rifle.

It now appears the Army has selected a new high-tech assault rifle that can release a high rate of specialty designed bullets with as much chamber pressure as an M1A2 Abrams tank, to pierce through the world’s most advanced body armor.

The LSAT (Lightweight Small Arms Technologies) light machine gun is a powerful weapon produced by the AAI Corporation, an aerospace and defense development and manufacturing firm, located in Hunt Valley, Maryland. Textron acquired AAI in 2007 and currently operates as a unit of Textron Systems Corporation.

Textron provides more information about the LSAT light machine gun: 

Col. Geoffrey A. Norman, force development division chief at Army HQ, told Task & Purpose, “the service plans on fielding a Next Generation Squad Automatic Rifle (NGSAR) — the first version in the Army’s Next-Generation Weapons System that chambers a round between 6.5mm and 6.8mm — as a potential replacement for its 80,000 M249 SAWs starting in fiscal 2022 rather than the original target date of fiscal 2025.”

Norman said the NGSAR will weigh less, shoot farther, and pack more punch than any the military’s existing small arms. More importantly, the colonel harped on the fact the chamber pressure of the weapon is far superior than any other light machine gun in the world, which means, a bullet from the machine gun can penetrate the most advanced body armor from around 600 meters. Norman hopes this high-tech weapon will be integrated into a fire team or squad “that fires a small bullet at the pressure equivalent to what a tank would fire.”

“The chamber pressure for the standard assault rifle is around 45 KSI [kilopound per square inch], but we’re looking for between 60 and 80 KSI … the chamber pressure when an M1 Abrams tank fires is on that order,” Norman told Task & Purpose. “We’re looking to reach out around 600 meters and have lethal effects even if the target is protected by body armor.”

Norman told Task & Purpose that the new lightweight machine gun is in trial tests by the Soldier Lethality Cross-Functional Team at Fort Benning, Georgia. Soldiers are testing the advanced weapon with a 7.62mm XM11158 Advanced Armor Piercing (ADVAP) round. The army is split between the 5.56mm and 7.62mm round but wants to find a happy medium between both.

“The challenge of the 5.56mm is that it doesn’t have enough mass [to defeat enemy body armor],” Norman said, referring to Chief of Staff Gen. Mark A. Milley’s April 2017 testimony before lawmakers on the Army’s growing ammo problem.

“But the challenge with 7.62mm ammo is that it has too much mass and not enough propellant. The right solution is somewhere between the two, where you have enough mass to penetrate but you’re still moving fast enough,” he added.

Task & Purpose says the Army has spent a great deal of time searching for the next generation of assault rifles: 

But the real heart of the NGSW program is the fire control system, developed independently from the receiver and chamber. While the Army has spent years evaluating off-the-shelf options for soldiers’ next assault rifle — see the Interim Combat Service Rifle program aborted in November due to weight concerns rather than budget jousting — Norman characterized the proprietary fire-control system as a miniaturized version of the systems utilized by ground vehicles and aviation platforms.  

“We’re exploring several options to ensure that what the gun aims at, it actually hits,” Norman said. “The system will adjust and potentially only fire when the muzzle will line up with its target. It will take into account atmospheric conditions, even automatically center the weapon using an internal system. We’re looking to get these capabilities ready as soon as possible.”

Task & Purpose further states the hard release of the light machine gun is in 2022: 

The Army’s hard target of a 2022 fielding may seem ambitious, especially given the maddeningly batshit nature of defense acquisition. But the service isn’t the only one putting the NGSW in the crosshairs: According to Norman, the Corps is also interested in adopting the NGSAR alongside the M27 and M1101 CSASS sniper rifle the Army has eyed in recent years. And with the campaign against ISIS in close-quarters environs like Iraq and Syria winding down, soldiers and infantry Marines could use the range and the punch of the system sooner rather than later.  

“We’ve got support from Congress and the Secretary of Defense as part of our close combat strategic portfolio review,” Norman told Task & Purpose. “We’re not going to replace all 80,000 SAWs right away — but the intent is to get this AR variant out to infantry squads as soon as possible.”

]]>
http://so-l.ru/news/y/2018_03_02_the_army_s_next_high_tech_assault_rifle Fri, 02 Mar 2018 07:40:00 +0300
<![CDATA[PPG Industries Wins Windshield Deal From Bell Helicopter]]> PPG Industries, Inc. PPG won a contract from Bell Helicopter, a unit of Textron Inc. TXT. Per the contract, PPG Industries will produce heated pilot and co-pilot windshields for the Bell 525 Relentless commercial helicopter. The windshields will be made available for customer specification for helicopters operating in hilly regions and cold environments and for off-shore rescue operations.
 
PPG Industries demonstrated the functioning of Aircon heating system and provided a cross-section sample of the same to Bell Helicopter. Bell Helicopter approved PPG Industries’ design for the composite windshields by completing the critical design review.
 
The windshield will have an outboard ply of stretched acrylic with a scratch-resistant coating and an inboard polycarbonate ply which enhance the product’s strength. The windshields can withstand the impact of a 2.2-pound bird at 185 knots — Bell Helicopter’s bird-strike requirement.
 
PPG Industries, which is among the prominent chemical companies along with Air Products and Chemicals Inc. APD and Eastman Chemical Company EMN, witnessed a roughly two-fold year-over-year jump in net earnings from continuing operations to $184 million or 72 cents per share in fourth-quarter 2017. Adjusted earnings of $1.19 per share surpassed the Zacks Consensus Estimate of $1.18.
 
Net sales rose around 8% year over year to $3,682 million and came ahead of the Zacks Consensus Estimate of $3,605 million. The company gained from favorable currency translation in the quarter.
 
For 2018, PPG Industries expects acquisitions to contribute to sales roughly $125 million. The company recently agreed to acquire Netherlands-based leading architectural paint and coatings wholesaler, ProCoatings. Through its network of 23 multi-brand stores, ProCoatings distributes a large portfolio of professional paint brands across the Netherlands. The transaction is expected to close in first-quarter 2018, subject to customary closing conditions.
 
To improve its cost structure, PPG Industries is pursuing significant restructuring actions that are mainly focused on regions and end-use markets with the weakest business conditions. The restructuring activities are expected to deliver around $125 million in annual savings with roughly $50 million of savings already realized in 2017 and another $45-$50 million expected in 2018.
 
During the fourth-quarter call, PPG Industries stated that it is committed toward deploying at least $2.4 billion of cash in 2018 on acquisitions and share repurchases as part of its earlier communicated goal of deploying $3.5 billion in 2017 and 2018 combined.
 
However, the company is exposed to raw materials cost pressure. PPG Industries is seeing higher raw materials costs and implementing pricing strategies to offset the impact of inflation. The company anticipates raw material inflation to continue through first-half 2018.

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To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_03_01_ppg_industries_wins_windshield_deal_from Thu, 01 Mar 2018 18:00:00 +0300
<![CDATA[Иракские военные нашли в схроне ИГ американский беспилотник]]> http://so-l.ru/news/y/2018_02_22_irakskie_voennie_nashli_v_shrone_ig_ameri Thu, 22 Feb 2018 22:22:00 +0300 <![CDATA[The Air Force Will Soon Get One of These Light Attack Planes]]> Kris Osborn

Security, North America

It will either be the AT-6 or A-29.

The Air Force is now finalizing requirements documentation, planning a new round of combat-scenario assessments and refining an acquisition strategy for its fast-tracked new Light Attack aircraft.The Air Force plans a new round of tests and experiments for the new aircraft – a new multi-role aircraft intended to fill specific and highly dangerous attack mission requirements amid circumstances where the US has achieved air supremacy.

Following an initial Air Force Light Attack aircraft last August, which included assessments of a handful of off-the-shelf options, the Air Force is now streamlining its effort to continue testing only two of the previous competitors from last summer - Textron Aviation’s AT-6 Wolverine and the Sierra Nevada/Embraer A-29 Super Tucano.

Senior Air Force leaders had told Warrior Maven that, depending upon the results of last summer’s experimentation at Holloman AFB, N.M., the service might send a light attack option under consideration to actual combat missions to further assets is value. Now, given what is being learned during ongoing evaluations, service officials say an actual “combat” demo test will not be necessary.

“At this time, we believe we have the right information to move forward with light attack, without conducting a combat demonstration. The Air Force is gathering enough decision-quality data through experimentation to support rigorous light attack aircraft assessments along with rapid procurement/fielding program feasibility reviews,” Air Force spokeswoman Capt. Emily Grabowski told Warrior Maven.

Grabowski added that the for the new aircraft, a $2.5 billion effort over the course of the service’s 5-year development plan.

In keeping with the Air Force vision for the Light Attack aircraft, the anticipated test combat scenarios in which for the US Air Force has air supremacy - but still needs maneuverability, close air support and the ability to precisely destroy ground targets.

Recommended: America’s Battleships Went to War Against North Korea

Recommended: 5 Places World War III Could Start in 2018

Read full article]]>
http://so-l.ru/news/y/2018_02_20_the_air_force_will_soon_get_one_of_these Tue, 20 Feb 2018 18:30:00 +0300
<![CDATA[The Zacks Analyst Blog Highlights: Lockheed Martin, Boeing, Textron, Triumph and Harris]]> For Immediate Release

Chicago, IL – February 9, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lockheed Martin Corp. LMT, The Boeing Company BA, Textron Inc. TXT, Triumph Group TGI and Harris Corp. HRS.

Here are highlights from Thursday’s Analyst Blog:

Defense Stock Roundup: LMT, TXT, BA and More

The Q4 earnings season has crossed the halfway mark, with more than 75% of S&P 500’s total market capitalization having released their quarterly results. As of Feb 7, of the 294 index members that have reported results, 79.6% beat on earnings, while 76.9% surpassed revenue estimates.

Coming to the broader Aerospace sector, 81.8% of the defense stocks have an earnings beat ratio of 77.8% on sales beat of 55.6%, as of Feb 7.

Given the impressive Q4 performance of the defense stocks, the sector’s recent performance should have been a robust one.  However, a spike in bond yields last week and chances of increased inflation along with a plunge in oil prices dealt a huge blow to Wall Street. Evidently, major indices of the Aerospace-Defense space — the S&P 500 Aerospace & Defense (Industry) index fell 2.9%, while the Dow Jones U.S. Aerospace & Defense index dropped 3.1% — over the last five trading sessions.

Among last week’s highlights, defense primes, Lockheed Martin Corp.The Boeing CompanyTextron Inc., Triumph Group and Harris Corp. released their quarterly figures.

Recap of Last Week’s Key Stories

1. Lockheed Martin reported fourth-quarter 2017 adjusted earnings from continuing operations of $4.30 per share, which surpassed the Zacks Consensus Estimate of $4.06 by 5.9%.

In the quarter, total revenues came in at $15.14 billion, which exceeded the Zacks Consensus Estimate of $14.75 billion by 2.6%.

Lockheed Martin ended 2017 (on Dec 31, 2017) with $99.9 billion in backlog, up 3.9% from $96.2 billion at the end of 2016. Cash from operations at the end of 2017 was $6.5 billion compared with $5.2 billion at the end of 2016 (read more: Lockheed Beats on Q4 Earnings, Issues '18 Outlook).

2. Boeing reported adjusted earnings of $4.80 per share for fourth-quarter 2017, beating the Zacks Consensus Estimate of $2.91 by 64.9%. The quarterly bottom line reflected an improvement of 94% from $2.47 in the year-ago quarter.

The company's fourth-quarter revenues amounted to $25.37 billion, beating the Zacks Consensus Estimate of $24.83 billion by 2.2%. The top line also improved 9% year over year.

Backlog at the end of 2017 was $488.1 billion from $473.5 billion at the end of 2016-end. Boeing generated $13.34 billion of operating cash flow at the end of 2017, up 27.1% year over year (read more: Boeing Tops Q4 Earnings Estimates, Issues '18 Guidance).

The company secured a modification contract worth $6.6 billion for extending the Ground-based Midcourse Defense (GMD) development and sustainment contract (DSC). The DSC contract will be executed through December 2023.

The deal was awarded by the Missile Defense Agency, Huntsville, AL; with Boeing as the prime contractor. The modification contract has the total cumulative value of $12.6 billion.

The deal entitles the Missile Defense Agency to execute missile defense and defense enhancements to complete the accelerated delivery of a new missile field and procurement and deployment of 20 additional Ground Based Interceptors (read more: Boeing Wins $6.6B Deal to Aid US Missile Defense System).

3. Textron reported fourth-quarter 2017 adjusted earnings from continuing operations of 74 cents per share, which missed the Zacks Consensus Estimate of 77 cents by 4.1%. Adjusted earnings were down 7.5% from 80 cents in the year-ago quarter.

Total revenues of $2.57 billion in the quarter beat the Zacks Consensus Estimate of $2.55 billion by 1.1%. However, the top line was down 3% year over year. Its funded backlog was $9 billion as of Dec 31, 2017, up 6% from $8.4 billion as of Dec 31, 2016.

Cash flow from operating activities totaled $947 million at the end of 2017, compared with $988 million in the prior-year quarter. In 2018, the company expects earnings per share from continuing operations in the range of $2.95-$3.15 (read more: Textron Misses on Earnings in Q4, Issues '18 Guidance).

4. Triumph Group’s adjusted earnings from continuing operations in third-quarter fiscal 2018 (ended Dec 31, 2017) came in at 76 cents per share, reflecting a decline of 24.8% from $1.01 a year ago. The bottom line surpassed the Zacks Consensus Estimate of 68 cents by 11.8%.

In the quarter, net sales were $775.2 million, lagging the Zacks Consensus Estimate of $776 million by 0.1%. The top line also declined 8.2% year over year.

Cash flow from operations during the quarter was $100.8 million, compared with outflow of $41.4 million in the prior-year quarter (read moreTriumph Group Beats on Q3 Earnings, Misses Revenues).

5. Harris reported second-quarter fiscal 2018 (ended Dec 29, 2017) earnings (excluding 52 cents from non-recurring items) of $1.67 per share, beating the Zacks Consensus Estimate of $1.40. The bottom line expanded 17.6% on a year-over-year basis.

Revenues in the quarter came in at $1,535 million, outpacing the Zacks Consensus Estimate of $1,483.7 million. However, the top line decreased 9.7% year over year.

The company tweaked its projection for fiscal 2018 banking on its impressive performance in the first half of the fiscal and benefits of the new tax law. It expects fiscal 2018 earnings per share (on an adjusted basis) in the band of $6.30 to $6.50 (old guidance: $5.85 to $6.05 per share) (read more:Harris Beats on Q2 Earnings, Updates FY18 Guidance).

6. Raytheon won a hybrid contract worth $2.3 billion for providing engineering services to the Phased Array Tracking Radar Intercept on Target (PATRIOT) weapon systems program. The deal has been awarded by the U.S. Army Contracting Command, New Jersey.

Work is scheduled to be completed by Jan 31, 2023.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Harris Corporation (HRS): Free Stock Analysis Report
 
Boeing Company (The) (BA): Free Stock Analysis Report
 
Lockheed Martin Corporation (LMT): Free Stock Analysis Report
 
Triumph Group, Inc. (TGI): Free Stock Analysis Report
 
Textron Inc. (TXT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_09_the_zacks_analyst_blog_highlights_lockh Fri, 09 Feb 2018 17:20:00 +0300
<![CDATA[Defense Stock Roundup: BA, HRS Top Q4 Earnings, Wall Street Takes a Hit]]>

The Q4 earnings season has crossed the halfway mark, with more than 75% of S&P 500’s total market capitalization having released their quarterly results. As of Feb 7, of the 294 index members that have reported results, 79.6% beat on earnings, while 76.9% surpassed revenue estimates.

Coming to the broader Aerospace sector, 81.8% of the defense stocks have an earnings beat ratio of 77.8% on sales beat of 55.6%, as of Feb 7.

Given the impressive Q4 performance of the defense stocks, the sector’s recent performance should have been a robust one.  However, a spike in bond yields last week and chances of increased inflation along with a plunge in oil prices dealt a huge blow to Wall Street. Evidently, major indices of the Aerospace-Defense space — the S&P 500 Aerospace & Defense (Industry) index fell 2.9%, while the Dow Jones U.S. Aerospace & Defense index dropped 3.1% — over the last five trading sessions.

Among last week’s highlights, defense primes, Lockheed Martin Corp. LMT, The Boeing Company BA, Textron Inc. TXT, Triumph Group TGI and Harris Corp. HRS released their quarterly figures. Meanwhile, Boeing and Raytheon Company RTN won a number of contracts from Pentagon. 

Recap of Last Week’s Key Stories

1. Lockheed Martin reported fourth-quarter 2017 adjusted earnings from continuing operations of $4.30 per share, which surpassed the Zacks Consensus Estimate of $4.06 by 5.9%.

In the quarter, total revenues came in at $15.14 billion, which exceeded the Zacks Consensus Estimate of $14.75 billion by 2.6%.

Lockheed Martin ended 2017 (on Dec 31, 2017) with $99.9 billion in backlog, up 3.9% from $96.2 billion at the end of 2016. Cash from operations at the end of 2017 was $6.5 billion compared with $5.2 billion at the end of 2016 (read more: Lockheed Beats on Q4 Earnings, Issues '18 Outlook).

2. Boeing reported adjusted earnings of $4.80 per share for fourth-quarter 2017, beating the Zacks Consensus Estimate of $2.91 by 64.9%. The quarterly bottom line reflected an improvement of 94% from $2.47 in the year-ago quarter.

The company's fourth-quarter revenues amounted to $25.37 billion, beating the Zacks Consensus Estimate of $24.83 billion by 2.2%. The top line also improved 9% year over year.

Backlog at the end of 2017 was $488.1 billion from $473.5 billion at the end of 2016-end. Boeing generated $13.34 billion of operating cash flow at the end of 2017, up 27.1% year over year (read more: Boeing Tops Q4 Earnings Estimates, Issues '18 Guidance ).

The company secured a modification contract worth $6.6 billion for extending the Ground-based Midcourse Defense (GMD) development and sustainment contract (DSC). The DSC contract will be executed through December 2023.

The deal was awarded by the Missile Defense Agency, Huntsville, AL; with Boeing as the prime contractor. The modification contract has the total cumulative value of $12.6 billion.

The deal entitles the Missile Defense Agency to execute missile defense and defense enhancements to complete the accelerated delivery of a new missile field and procurement and deployment of 20 additional Ground Based Interceptors (read more: Boeing Wins $6.6B Deal to Aid US Missile Defense System).

3. Textron reported fourth-quarter 2017 adjusted earnings from continuing operations of 74 cents per share, which missed the Zacks Consensus Estimate of 77 cents by 4.1%. Adjusted earnings were down 7.5% from 80 cents in the year-ago quarter.

Total revenues of $2.57 billion in the quarter beat the Zacks Consensus Estimate of $2.55 billion by 1.1%. However, the top line was down 3% year over year. Its funded backlog was $9 billion as of Dec 31, 2017, up 6% from $8.4 billion as of Dec 31, 2016.

Cash flow from operating activities totaled $947 million at the end of 2017, compared with $988 million in the prior-year quarter. In 2018, the company expects earnings per share from continuing operations in the range of $2.95-$3.15 (read more: Textron Misses on Earnings in Q4, Issues '18 Guidance).

4. Triumph Group’s adjusted earnings from continuing operations in third-quarter fiscal 2018 (ended Dec 31, 2017) came in at 76 cents per share, reflecting a decline of 24.8% from $1.01 a year ago. The bottom line surpassed the Zacks Consensus Estimate of 68 cents by 11.8%.

In the quarter, net sales were $775.2 million, lagging the Zacks Consensus Estimate of $776 million by 0.1%. The top line also declined 8.2% year over year.

Cash flow from operations during the quarter was $100.8 million, compared with outflow of $41.4 million in the prior-year quarter (read more: Triumph Group Beats on Q3 Earnings, Misses Revenues).

5. Harris reported second-quarter fiscal 2018 (ended Dec 29, 2017) earnings (excluding 52 cents from non-recurring items) of $1.67 per share, beating the Zacks Consensus Estimate of $1.40. The bottom line expanded 17.6% on a year-over-year basis.

Revenues in the quarter came in at $1,535 million, outpacing the Zacks Consensus Estimate of $1,483.7 million. However, the top line decreased 9.7% year over year.

The company tweaked its projection for fiscal 2018 banking on its impressive performance in the first half of the fiscal and benefits of the new tax law. It expects fiscal 2018 earnings per share (on an adjusted basis) in the band of $6.30 to $6.50 (old guidance: $5.85 to $6.05 per share) (read more:Harris Beats on Q2 Earnings, Updates FY18 Guidance).

6. Raytheon won a hybrid contract worth $2.3 billion for providing engineering services to the Phased Array Tracking Radar Intercept on Target (PATRIOT) weapon systems program. The deal has been awarded by the U.S. Army Contracting Command, New Jersey.

Work is scheduled to be completed by Jan 31, 2023.

Performance

Over the last five trading sessions, the defense biggies put up a dismal show, hit by the broader market volatility. General Dynamics lost the most with its share price declining 4.5% in this period, followed by Lockheed Martin.

Over the last six months, the entire industry put up a stellar performance. Keeping up with its usual trend, Boeing gained the most, with its shares gaining 45.4%, followed by Northrop Grumman.

The following table shows the price movement of the major defense players over the past five trading days and during the last six months.

 

CompanyLast WeekLast 6 Months
LMT-3.33%16.25%
BA-2.53%45.42%
GD-4.49%6.87%
RTN-3.09%17.76%
NOC-1.53%25.25%
COL-2.87%7.72%
TXT-3.23%17.23%
LLL-2.97%16.56%

 

What’s Next in This Space?

Huntington Ingalls HII is set to release fourth-quarter 2017 results on Feb 15.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.


See This Ticker Free >>