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X @Bloomberg
Bloomberg· 2025-07-10 16:52
Procurement Project - Germany's armed forces are experiencing delays in a major procurement project [1] - The project involves six new multipurpose combat ships [1]
Howmet's Commercial Aerospace Strength Seems Firm: More Upside Ahead?
ZACKS· 2025-07-10 16:50
Core Insights - Howmet Aerospace Inc. (HWM) is experiencing significant growth, particularly in the commercial aerospace sector, which accounted for 52% of total revenues in Q1 2025, with a year-over-year revenue increase of 9% [1][9] Group 1: Commercial Aerospace Market - The demand for wide-body aircraft is rising due to increased air travel, leading original equipment manufacturers (OEMs) to boost their spending [2] - The growth in the commercial aerospace market is also driven by the demand for fuel-efficient aircraft and the recovery of Boeing 737 MAX production, which is expected to enhance demand for HWM's products [3][9] - HWM's peers, such as RTX Corporation and GE Aerospace, are also reporting strong growth in the commercial aerospace market, with RTX achieving 8% organic sales growth and GE benefiting from solid demand for its engines [5][6] Group 2: Defense Aerospace Market - The defense aerospace market is showing positive momentum, driven by increased demand for engine spares, particularly for the F-35 program, and rising military budgets [4] Group 3: Financial Performance - HWM's stock has surged 127.8% over the past year, significantly outperforming the industry average growth of 17.2% [8] - The company is currently trading at a forward price-to-earnings ratio of 47.53X, which is above the industry average of 26.71X [11] - The Zacks Consensus Estimate for HWM's earnings has been increasing over the past 60 days, indicating positive market sentiment [12]
Will Budget Slash Cut Lockheed's Nuclear Space Propulsion Flight Short?
ZACKS· 2025-07-10 16:30
Core Insights - Global space agencies are investing in nuclear thermal propulsion (NTP) rockets for future missions due to their efficiency and reduced travel times compared to traditional chemical rockets [1] - Lockheed Martin Corp. (LMT) is gaining traction in the space sector, particularly with its mission-integrated capabilities [1] Group 1: Lockheed Martin's Involvement - In 2023, DARPA selected Lockheed to develop a nuclear-powered spacecraft under the DRACO project [2] - The DRACO project may face cancellation due to budget cuts from the U.S. government, impacting Lockheed's involvement in NASA's NTP programs [3] - Despite the setback with DRACO, Lockheed is also working on a nuclear electrical propulsion (NEP) system for the U.S. Air Force's JETSON program, which aims to advance human space exploration [4] Group 2: Market Position and Valuation - Lockheed's prominence in the space economy, including satellite deployment and spacecraft design, positions it well for future opportunities as NASA continues its exploration efforts [5] - Lockheed's shares have increased by 0.6% over the past year, while the industry has grown by 18.7% [9] - The company is currently trading at a forward 12-month sales multiple of 1.43X, which is approximately 35.9% lower than the industry average of 2.23X [11] Group 3: Other Relevant Companies - BWX Technologies has been involved in NTP design since 2017 and opened a new facility to advance nuclear technology for various applications [7] - Boeing is a key contractor in the Space Launch System program and is also engaged in nuclear-related space activities for the U.S. Space Force [8]
5 Sector ETFs Set to Power Q2 Earnings Growth
ZACKS· 2025-07-10 16:00
Core Insights - The second-quarter 2025 earnings season is expected to show resilience and an improving outlook for the banking sector and overall market [1] - Total S&P 500 earnings are projected to increase by 4.9% year-over-year, driven by a 3.9% rise in revenues [2] - Nine out of sixteen Zacks sectors are anticipated to report earnings growth, with Consumer Discretionary leading at 105.6% [3] Sector Performance - Consumer Discretionary sector is expected to see the highest earnings growth at 105.6%, followed by Aerospace at 15.1%, Technology at 11.8%, Finance at 7.8%, and Utilities at 7.7% [3] - The "Magnificent 7" companies are projected to have an 11.3% increase in earnings with an 11.2% rise in revenues compared to the same period last year [3] ETF Highlights - Consumer Discretionary Select Sector SPDR Fund (XLY) has an AUM of $22.5 billion and an expense ratio of 0.08% [5] - iShares U.S. Aerospace & Defense ETF (ITA) holds $8.4 billion in AUM with an expense ratio of 0.40% [6] - Vanguard Information Technology ETF (VGT) manages $95 billion in assets and has an expense ratio of 0.09% [7] - Financial Select Sector SPDR Fund (XLF) has an AUM of $51.3 billion and charges 0.08% in annual fees [8] - Utilities Select Sector SPDR (XLU) has an AUM of $19.1 billion and an expense ratio of 0.08% [9]
GE Aerospace Secures Deal From SkyWest to Supply CF34 Engines
ZACKS· 2025-07-10 15:15
Core Insights - GE Aerospace has secured a contract with SkyWest, Inc. to provide CF34-8E engines and spares for 60 new Embraer 175 regional jets [1][9] Group 1: Engine Performance and Reliability - The CF34 engine family is recognized for its performance and reliability, with over 11,000 units delivered globally, achieving more than 209 million flight hours and 165 million flight cycles [2][9] - The engines have a dispatch reliability rate of 99.97% over a 12-month rolling period and can operate on approved sustainable aviation fuel (SAF) blends [3][9] Group 2: Business Relationships and Market Position - SkyWest has become the largest operator of GE's CF34 engines, currently operating over 1,200 GE-powered engines in its fleet [3][9] - The latest order reflects the strong, long-standing relationship between GE Aerospace and SkyWest [3] Group 3: Financial Performance and Market Outlook - GE Aerospace holds a Zacks Rank of 2 (Buy), indicating strong business performance driven by robust demand for commercial engines and technologies [4] - The company's shares have increased by 51.1% over the past year, outperforming the industry growth of 17.2% [6] - The Zacks Consensus Estimate for GE's 2025 earnings has risen by 0.2% in the past 60 days [6]
RTX Stock: Does Barracuda Anti-Mine's Success Signal a Buying Opportunity?
ZACKS· 2025-07-10 15:05
Core Insights - RTX Corp.'s Raytheon segment has successfully tested the Barracuda mine neutralization vehicle in untethered, semi-autonomous mode, showcasing its capabilities in naval mine countermeasures [1][10] - The Barracuda program is set for initial operational capability by 2030, with RTX developing larger variants for broader missions [2] - The successful demonstration positions RTX as a leader in advanced defense technology, potentially attracting investors [3] Stock Performance - RTX shares have increased by 26.3% year-to-date, outperforming the Zacks Aerospace-Defense industry's growth of 21.3% and the S&P 500's return of 5.2% [4] - Other defense contractors like Boeing and General Dynamics have also seen notable gains, with Boeing up 28.1% and General Dynamics up 13.9% [5] Growth Catalysts - A steady flow of defense orders is crucial for revenue growth, with RTX securing $9 billion in bookings during Q1 [6] - RTX's defense backlog reached $92 billion as of March 31, 2025, indicating strong revenue growth prospects [7] - The long-term earnings growth rate consensus for RTX is estimated at 9.3% [7] - The commercial aerospace sector is also a growth driver, with Collins Aerospace and Pratt & Whitney units showing year-over-year sales growth of 8% and 14%, respectively [11] Earnings Estimates - The Zacks Consensus Estimate for RTX's Q2 2025 revenues and earnings indicates improvements of 4.8% and 2.8% year-over-year [13] - Annual estimates for 2025 and 2026 suggest similar growth trends, although near-term earnings estimates have declined over the past 60 days [13] Valuation - RTX's forward 12-month price-to-sales ratio is 2.25X, higher than the peer group's average of 1.85X, indicating a premium valuation [19]
Howmet Aerospace to Host Webcast and Announce Second Quarter 2025 Results
Prnewswire· 2025-07-10 12:00
PITTSBURGH, July 10, 2025 /PRNewswire/ -- Howmet Aerospace Inc. (NYSE: HWM) will announce its second quarter 2025 financial results on Thursday, July 31, 2025. The press release and presentation materials will be available at approximately 7:00 AM ET on July 31, 2025, via the "Investors" section of the Howmet Aerospace website.The conference call and webcast will begin at 11:00 AM ET.Conference Call Information: Day:                Thursday, July 31, 2025 Time:              11:00 AM ET H ...
Howmet (HWM) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-07-09 23:16
Company Performance - Howmet (HWM) stock increased by 1.09% to $181.42, outperforming the S&P 500's daily gain of 0.61% [1] - Over the past month, Howmet's stock has risen by 6.43%, leading the Aerospace sector's gain of 1.1% and the S&P 500's gain of 3.85% [1] Upcoming Earnings - Howmet is expected to report an EPS of $0.87, reflecting a 29.85% increase from the same quarter last year [2] - Revenue is forecasted to be $1.99 billion, indicating a 5.78% growth compared to the same quarter last year [2] Full Year Estimates - Analysts project earnings of $3.47 per share and revenue of $8.06 billion for the full year, representing increases of 29% and 8.53% respectively from last year [3] - Recent changes to analyst estimates suggest positive sentiment regarding Howmet's business and profitability [3] Analyst Ratings and Valuation - Howmet currently holds a Zacks Rank of 1 (Strong Buy), with a history of outperforming the market [5] - The Forward P/E ratio for Howmet is 51.77, which is a premium compared to the industry average of 24.54 [5] - The PEG ratio for Howmet stands at 2.72, compared to the Aerospace - Defense industry average of 2.05 [6] Industry Context - The Aerospace - Defense industry is ranked 60 in the Zacks Industry Rank, placing it in the top 25% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
X @Bloomberg
Bloomberg· 2025-07-09 21:45
The UK and French governments plan to order more of the Storm Shadow cruise missiles that they’ve been supplying to Ukraine, as well as accelerate efforts to develop a next-generation replacement for the weapons https://t.co/okH5Eg9dd4 ...
X @Elon Musk
Elon Musk· 2025-07-09 16:12
RT SpaceX (@SpaceX)Installing the redesigned fuel transfer tube into the first next generation Super Heavy booster.Roughly the same size as the first stage of a Falcon 9 rocket, the new transfer tube is responsible for channeling cryogenic fuel from Super Heavy's main tank to its 33 Raptor engines and will enable faster, more reliable flip maneuvers and the ability for simultaneous engine startup ...