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RTX Wins a Contract for F135 Propulsion System in Support of F-35 Jets
ZACKS· 2025-09-25 17:31
Key Takeaways RTX won a $60M contract to supply F135 propulsion systems for lot 18 F-35 aircraft.The deal supports U.S. forces, FMS customers and F-35 Cooperative Program Partners.Work will be performed in Cromwell, San Diego and Portland, with completion due in 2027.RTX Corporation’s (RTX) business segment, Raytheon, recently secured a modification contract involving the F135 propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of RTX’s DealValued at $6 ...
Defense ETF (ITA) Hits New 52-Week High
ZACKS· 2025-09-25 17:21
For investors seeking momentum, iShares U.S. Aerospace & Defense ETF (ITA) is probably on the radar now. The fund just hit a 52-week high and is up 60.42% from its 52-week low price of $129.14/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:ITA in FocusThe underlying Dow Jones U.S. Select Aerospace & Defense Index measures the performance of the aerospace and defense sector of the U.S. equity ...
Howmet vs. Textron: Which Aerospace & Defense Stock is the Smarter Buy?
ZACKS· 2025-09-25 17:10
Core Insights - Howmet Aerospace Inc. (HWM) and Textron Inc. (TXT) are key players in the aerospace and defense industry, producing aircraft components for both commercial and military applications [1][2] Howmet Aerospace Inc. (HWM) - HWM's primary growth driver is the commercial aerospace market, with revenues increasing by 8% year-over-year in Q2 2025, accounting for 52% of its business [3] - The defense sector is also performing well, with a 21% year-over-year revenue increase in Q2 2025, representing 17% of total revenues [4] - The U.S. Defense Appropriations Act for FY 2026 allocates $831.5 billion, which is expected to benefit HWM's defense contracts [5] - HWM has a strong shareholder return policy, paying $83 million in dividends and repurchasing $300 million in shares in the first half of 2025, with a 20% dividend increase announced in August 2025 [6] Textron Inc. (TXT) - Textron's Aviation business unit has seen a revenue growth of 2.8% year-over-year in Q2 2025, supported by strong air passenger traffic and a backlog of $7.85 billion [7] - The defense segment is also performing well, with contracts signed for military aircraft, indicating solid demand [8] - Textron's cash and cash equivalents stood at $1.43 billion, with long-term debt at $3.38 billion, suggesting a solid short-term solvency position [11] - However, supply chain issues and labor shortages may hinder Textron's production capabilities and profitability [12][13] Performance Comparison - HWM shares have increased by 90.7% over the past year, while TXT shares have decreased by 3.2% [16] - The Zacks Consensus Estimate for HWM indicates a 9.4% growth in sales and a 32.7% increase in EPS for 2025, while TXT's estimates show 8.1% sales growth and 11.5% EPS growth [17][18] - HWM's forward price-to-earnings ratio is significantly higher at 46.49X compared to TXT's 12.58X, indicating a steeper valuation for HWM [19] Final Assessment - HWM's leadership in both commercial and defense markets positions it favorably for long-term growth, despite its higher valuation [22] - Textron has strong momentum in the commercial aerospace sector but faces challenges from supply chain issues [21] - Overall, HWM is viewed as the better investment option compared to TXT due to stronger growth estimates and stock performance [22][23]
This Blue-Chip Defense Stock Just Set New All-Time Highs
Yahoo Finance· 2025-09-25 14:25
RTX (RTX) has strong technical momentum, including a Trend Seeker “Buy” signal. Shares are trading at all-time highs. RTX has robust fundamentals and pays a dividend yielding 1.68%. While not a formal buy recommendation, RTX benefits from commercial aerospace and defense demand, supporting continued price appreciation and strong investor interest. Today’s Featured Stock Valued at $216 billion, RTX (RTX) is an aerospace and defense company. Its operating segments include Collins Aerospace, Prat ...
Firan Technology Group Corporation (“FTG”) Announces Third Quarter 2025 Earnings Release and Conference Call Dates
Globenewswire· 2025-09-25 13:30
TORONTO, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG”) will release the third quarter 2025 financial results after the market closes on Wednesday, October 8, 2025. The Corporation will host a live conference call on Thursday, October 9, 2025, at 8:30am (Eastern) to discuss the third quarter of 2025 financial results. Anyone wishing to participate in the call should dial 1-289-514-5100 or 1-800-717-1738, Conference ID 10435, and identify that you are ...
No more US engines for Tejas Mark 2? India may opt for French parts as talks with America fail to gain pace
MINT· 2025-09-25 08:09
Group 1 - India is considering French-made engines from Safran SA for its fighter jets due to slow progress in joint manufacturing talks with the US [1][2] - The Tejas Mark-2 fighter jet was initially planned to be powered by the US-made GE F-414 engine, with ongoing negotiations for joint manufacturing in India [2][4] - India aims to produce nearly 200 advanced jets to replace aging British-made Jaguars and French-made Mirage-2000s, driven by recent military tensions with Pakistan [3][4] Group 2 - India is facing a shortage of fighter jets and is looking to enhance production through partnerships with global defense manufacturers, as it is the world's second-largest arms importer [4] - The Indian government has recently allowed domestic private firms to design and develop advanced warplanes, marking a significant shift in defense manufacturing policy [5] - Despite challenges in India-US relations, defense engagements have continued, with recent negotiations for a $4 billion sale of surveillance aircraft involving Boeing [6]
CNBC Daily Open: U.S. tech shares pull back amid growing AI bubble worries
CNBC· 2025-09-25 06:49
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025 in New York City.Individual equities and separate sectors popped Wednesday, but collectively, their moves weren't forceful enough to lift indexes.Beleaguered American chipmaker Intel is finding itself in slightly less prickly situations lately. Its shares jumped 6.4% Wednesday on reports that it is seeking an investment from Apple — which would form a ménage à trois with Nvidia and the U.S. government.Still, th ...
CNBC Daily Open: Rallies of individual stock couldn't push up major indexes
CNBC· 2025-09-25 01:20
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025 in New York City.Individual equities and separate sectors popped Wednesday, but collectively, their moves weren't forceful enough to lift indexes.Beleaguered American chipmaker Intel is finding itself in slightly less prickly situations lately. Its shares jumped 6.4% Wednesday on reports that it is seeking an investment from Apple — which would form a ménage à trois with Nvidia and the U.S. government.Still, th ...
Coons: Tariffs "Overstated," Defense "Overbought" & A.I. Here to Stay
Youtube· 2025-09-24 22:00
Market Overview - The current market is perceived as "frothy," but economic indicators suggest stability, with consumer spending remaining strong and housing data exceeding expectations [2][6] - Earnings reports are positive, contributing to the upward trend in stock prices, indicating no immediate cause for market decline [7] Economic Factors - The impact of tariffs on inflation is considered overstated, with the belief that consumer discretionary income will limit spending despite potential price increases [4][5] - Inflation is expected to remain in the 2% to 3% range, supported by solid fundamentals and earnings [6] Debt and Deficit Concerns - The refinancing of approximately $7 trillion in maturing treasuries poses challenges, particularly with a shrinking pool of foreign buyers [9][10] - The administration's strategy to issue more short-term debt until rates decrease may complicate market dynamics [10][11] Sector Insights - Defense stocks are currently viewed as overvalued, with geopolitical tensions not expected to escalate significantly [13][14] - In the technology sector, companies leveraging AI and cybersecurity are favored, with a focus on established players rather than those solely reliant on AI [15][16] - Reddit is identified as a contrarian investment opportunity, showing promising growth and favorable valuation metrics [17]
LMT DEADLINE: ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important September 26 Deadline in Securities Class Action – LMT
Globenewswire· 2025-09-24 19:58
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Lockheed Martin securities between January 23, 2024, and July 21, 2025, of the September 26, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Lockheed Martin securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 26, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] - Rosen Law Firm has been recognized as a leader in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4] Group 3: Case Allegations - The lawsuit alleges that Lockheed Martin made false and misleading statements regarding its internal controls and risk management practices [5] - Specific claims include the lack of effective procedures for comprehensive reviews of program requirements and overstating the company's ability to meet contract commitments [5] - As a result of these alleged misrepresentations, the lawsuit claims that investors suffered damages when the true details became public [5]