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X @The Economist
The Economist· 2025-10-17 19:20
The Whittle Laboratory refines jet engines, and it is very good at it. The lab scoops up more industry awards than any of its rivals, in a formidable industry to master. That will soon change https://t.co/MjP34yS6VB ...
'IOU's don't pay the bills': Air Traffic Controller on working through the shutdown
MSNBC· 2025-10-17 17:50
Joining me now is one of the 13,000 air traffic controllers working without pay right now. Pete Lef Fever is a member of the National Air Traffic Controllers Association and helps control the skies over Washington. First of all, Pete, thanks for your work that you do.We saw you over the week handing out pamphlets and flyers to educate travelers about what's going on right now. What do you want people to know. >> Good morning.Thank you so much for having me on. Uh 17 days ago the government shutdown was just ...
What to Expect From Leidos Holdings’ Next Quarterly Earnings Report
Yahoo Finance· 2025-10-17 10:37
Company Overview - Leidos Holdings, Inc. (LDOS) is a Virginia-based technology company specializing in defense, aviation, information technology, and biomedical research with a market cap of $23.9 billion and approximately 47,000 employees [1] - The company operates across four primary divisions: National Security & Digital, Health & Civil, Commercial & International, and Defense Systems [1] Earnings Expectations - Analysts expect LDOS to report a profit of $2.62 per share on a diluted basis for the fiscal third quarter of 2025, which represents a decline of 10.6% from $2.93 per share in the same quarter last year [2] - For the full fiscal year, analysts anticipate an EPS of $11.41, reflecting an increase of 11.8% from $10.21 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, LDOS stock has increased by 9.7%, which is lower than the S&P 500 Index's 13.5% gains and the Technology Select Sector SPDR Fund's 24% gains during the same period [4] - Following the release of strong Q2 results on August 5, Leidos Holdings' shares surged by 7.5%, with revenue rising 2.9% year over year to $4.3 billion, exceeding expectations [5] Analyst Ratings - The consensus opinion on LDOS stock is reasonably bullish, with a "Moderate Buy" rating overall; out of 16 analysts, ten recommend a "Strong Buy," one suggests "Moderate Buy," and five give a "Hold" [6] - The average analyst price target for LDOS is $196.28, indicating a potential upside of 6.4% from current levels [6]
New Horizon Aircraft: Why I'm Investing In This Regional Air Mobility Play
Seeking Alpha· 2025-10-16 18:23
Group 1 - New Horizon Aircraft Ltd. (NASDAQ: HOVR) is identified as a notable company in the aviation innovation sector [1] Group 2 - Mr. Mavroudis is a professional portfolio manager with expertise in risk management and financial market analysis [2] - He has successfully navigated major crises, including the COVID-19 pandemic [2] - Mr. Mavroudis holds multiple degrees and certifications, enhancing his credibility in investment management [2]
Why the Middle East Could Be the First Region to Launch Joby Aviation's Flying Taxis
Yahoo Finance· 2025-10-16 10:45
Core Insights - Joby Aviation is positioning itself to launch its electric vertical takeoff and landing (eVTOL) services in the Middle East, particularly in Dubai and Saudi Arabia, rather than traditional markets like Los Angeles or Tokyo [1][2] Group 1: Dubai's Infrastructure and Testing - The United Arab Emirates is heavily investing in next-generation transportation, with Joby already completing 21 successful piloted full-transition flights in Dubai under extreme heat conditions [4][5] - Dubai's Roads and Transport Authority plans to launch an air taxi service by 2026, with infrastructure developments like a vertiport network already in progress [6] - If successful, Joby could initiate passenger flights in Dubai as early as 2026, potentially making it the first commercial eVTOL service globally [6] Group 2: Saudi Arabia's Market Potential - Joby signed a partnership with Abdul Latif Jameel in 2025 to explore a deal for up to 200 eVTOLs, valued at approximately $1 billion [7] - This partnership aligns with Saudi Arabia's Vision 2030, which aims to diversify the economy through innovation and sustainable technology [8] - The swift approval processes in Saudi Arabia and the UAE could facilitate early launches of eVTOL services, positively impacting investor sentiment towards Joby Aviation [9]
Is It Too Early to Invest in Archer Aviation Stock?
Yahoo Finance· 2025-10-16 10:17
Core Insights - Archer Aviation is positioned as a potential leader in the electric vertical takeoff and landing (eVTOL) aircraft market, with its Midnight aircraft expected to begin commercial operations in the UAE by next year, followed by the U.S. market [1][3] - The company has formed partnerships, including one with United Airlines, to launch air taxi services in New York City and is set to be the official air taxi provider for the 2028 Olympic Games in Los Angeles [3] Company Progress and Challenges - Archer is generating excitement with its Midnight eVTOL, but its business model remains unproven, and it has yet to produce aircraft at scale or generate revenue [3][4] - The company is currently burning through cash and relying on stock offerings for funding, which raises concerns about sustainability and potential dilution for investors [5][7] Market Valuation Concerns - Archer's market capitalization is approximately $8 billion, which is significantly higher than the estimated $2 billion total eVTOL market size last year, indicating a potentially inflated valuation [6]
Electric aircraft startup Beta Technologies seeks to raise $825M in IPO
TechCrunch· 2025-10-15 23:54
Core Insights - Electric aviation startup Beta Technologies is aiming to raise up to $825 million through its initial public offering (IPO), with share prices set between $27 and $33, leading to a potential valuation of approximately $7.2 billion if investors buy at the top of the range [1] Company Overview - Founded in 2017 by CEO Kyle Clark, Beta Technologies is based in Vermont and has opted for a unique funding strategy, avoiding venture capital and instead raising $1.15 billion from institutional investors such as Fidelity and Qatar Investment Authority [2][3] Recent Developments - Beta Technologies recently announced a strategic partnership with GE Aerospace to develop a hybrid-electric turbogenerator for next-generation aircraft, with GE Aerospace committing to invest $300 million and take a stake in the company [4]
How the govt shutdown could impact holiday travel, new crypto fund launches
Yahoo Finance· 2025-10-15 21:55
[Music] Hello and welcome to Ask for a Trend. I'm Josh Lipton and for the next half hour, we are breaking down the trends of today that'll move stocks tomorrow. There's a lot to keep track of, so we're focusing on what you need to know to get ahead of the curve. Here's some of the trends we're going to be diving into.Stocks giving back most of their gains Wednesday before ticking up again as volatility continued to engulf Wall Street. At the end of the session, stocks did close the day mixed. Bickering in W ...
Goldman Sachs Leaves Rivals Vying for Silver, Bronze Medals in Dealmaking Matchup
Yahoo Finance· 2025-10-15 10:30
Core Insights - Investment banking fees significantly boosted the profits of Wall Street banks in Q3, primarily driven by a resurgence in mergers and acquisitions and initial public offerings [1][2] - Goldman Sachs emerged as the leading firm in this environment, outperforming its competitors in investment banking fees [1][3] Investment Banking Performance - Goldman Sachs generated $2.6 billion in investment banking fees during Q3, marking a 42% year-over-year increase [3] - Other banks also reported increases in investment banking fees: JPMorgan Chase saw a 16% rise to $2.6 billion, Citigroup's fees increased by 17% to $1.2 billion, and Wells Fargo's fees rose by 25% to $840 million [3] Market Conditions - The revival in deal-making is attributed to buoyant equity markets, anticipated interest-rate cuts, and a regulatory environment favoring lighter regulations [2] - The year 2025 is highlighted as a pivotal time for mergers and acquisitions and initial public offerings, following a prolonged downturn [2] Major Deals - Notable transactions include the $55 billion buyout of Electronic Arts, Thoma Bravo's $10.6 billion acquisition of Boeing's digital aviation unit, and Blackstone's $11.5 billion acquisition of TXNM Energy [3] Operational Challenges - Despite strong performance, Goldman Sachs faced a 14% increase in operating costs, driven by rising compensation expenses [3] - The firm is exploring efficiencies, including plans to lay off approximately 1,000 low performers and implement AI in certain roles, while still aiming for a net increase in headcount by year-end [3]
Jacobs and PA Consulting to Advance Intelligent Aviation Infrastructure at Dallas Fort Worth International Airport
Prnewswire· 2025-10-15 08:00
Core Insights - Jacobs, in partnership with PA Consulting, has been selected for a digital transformation project at Dallas Fort Worth International Airport (DFW) aimed at establishing benchmarks for intelligent, data-driven operations in North America [1][2]. Company Overview - Jacobs is recognized as the No. 1 ranked firm in airport design by Engineering News-Record (ENR) and has extensive experience in delivering advanced digital infrastructure solutions across various global aviation hubs [5]. - The company reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across multiple sectors including transportation and environmental services [8]. Project Details - The engagement focuses on developing AI-based solutions with embedded cybersecurity capabilities to enhance predictive decision-making and support long-term innovation at DFW [3][4]. - The collaboration aims to create a scalable, future-ready aviation model that addresses DFW's priority challenges throughout the asset lifecycle [2][3]. Strategic Importance - The initiative reflects Jacobs' commitment to driving digital innovation in critical infrastructure sectors, including smart cities and digital twin implementations, to help clients navigate complex challenges [7]. - The partnership with PA Consulting leverages their expertise in aviation strategy and innovation, enhancing Jacobs' ability to implement intelligent systems that promote operational excellence and sustainability [4][5]. Global Engagements - In addition to DFW, Jacobs is involved with major airports worldwide, including Heathrow and Denver International, showcasing its proven experience in sustainable airport infrastructure [6].