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Lockheed Martin's Sikorsky secures about $11 billion US navy contract
Reuters· 2025-09-26 21:34
Core Insights - Sikorsky, a subsidiary of Lockheed Martin, has secured a contract worth nearly $11 billion from the U.S. Navy for the production of up to 99 CH-53K King Stallion helicopters [1] Company Summary - Sikorsky is a subsidiary of Lockheed Martin [1] - The contract with the U.S. Navy is significant, amounting to nearly $11 billion [1] - The contract involves the construction of up to 99 helicopters, specifically the CH-53K King Stallion model [1] Industry Summary - The defense industry continues to see substantial contracts awarded, indicating ongoing investment in military capabilities [1] - The CH-53K King Stallion helicopter represents advanced technology in military aviation, reflecting trends in modernization and capability enhancement within the sector [1]
Lockheed Martin Sikorsky Receives Five-Year Contract to Build Up to 99 CH-53K® Heavy Lift Helicopters for the U.S. Marine Corps
Prnewswire· 2025-09-26 21:25
Core Points - Sikorsky, a Lockheed Martin company, has received a $10.855 billion contract from the U.S. Navy to produce up to 99 CH-53K King Stallion helicopters for the U.S. Marine Corps over five years, marking the largest order for this aircraft to date [1][3] - The contract aims to ensure consistent deliveries of the CH-53K helicopters from 2029 to 2034, stabilizing the U.S. industrial base and sustaining thousands of production jobs at Sikorsky and its supply chain [1][3] - The contract consolidates five separate aircraft orders into a multi-year procurement, enhancing price predictability and ensuring a steady flow of materials from 267 suppliers across 37 states and 17 international suppliers [3] Production and Delivery - Sikorsky has delivered 20 CH-53K helicopters to the U.S. Marine Corps, with an additional 63 helicopters currently in various stages of production and assembly [3] - The U.S. Marine Corps has transitioned one CH-53K fleet squadron and has operational and training squadrons supporting its requirements [3] Strategic Importance - The CH-53K helicopter is designed to meet the Marine Corps' lift requirements in modern battlefields, capable of transporting troops, supplies, and heavy equipment while ensuring survivability [3] - The Department of the Navy declared Full Rate Production for the CH-53K program in December 2022, with a Program of Record for 200 aircraft [3]
The Big 3: WBD, INTC, BA
Youtube· 2025-09-26 17:01
Group 1: Market Overview - The current market theme is a focus on traditional American companies, with a bullish outlook on names like Warner Brothers, Intel, and Boeing, indicating a potential money flow back to the U.S. [2][3] Group 2: Warner Brothers Discovery - Warner Brothers Discovery shares have increased by 63% since initial reports of a potential bid from Paramount Sky Dance, although there have been subsequent downgrades as analysts question the deal's likelihood [4][6]. - The stock has shown resilience by consolidating after the initial surge, with potential for further upside if it breaks out above key resistance levels [6][12]. Group 3: Intel - Intel has seen an 86% increase year-to-date, with significant investments flowing in since summer, indicating a resurgence for the company [15]. - The stock is currently navigating a range between notable highs around 32.38 and lows near 19, with a recent breakout suggesting bullish momentum [17][19]. Group 4: Boeing - Boeing shares rose nearly 4% following reports that the FAA may reduce oversight, allowing the company to conduct its own safety checks [22]. - The stock has experienced a pullback to previous breakout levels, and there is optimism for a breakout above resistance levels, with a year-over-year increase of approximately 43% [24][31].
RTX Corporation (RTX) Advances Navy’s F/A-18E/F Electronic Warfare Prototype
Yahoo Finance· 2025-09-26 14:26
In this article, we will be taking a look at the 13 Best Manufacturing Stocks to Buy Right Now. RTX Corporation is one of them. RTX Corporation (NYSE:RTX), a leading aerospace and defense company, reported solid second-quarter 2025 results, driven by strength across its Pratt & Whitney, Collins Aerospace, and Raytheon defense segments. Sales rose 9% year-over-year to $21.6 billion, with adjusted earnings per share up 11% to $1.56. The company’s backlog climbed 15% to $236 billion, split between $144 billi ...
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lockheed Martin
Businesswire· 2025-09-26 13:33
NEW YORK--(BUSINESS WIRE)---- $LMT #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Lockheed Martin Corporation ("Lockheed Martin†or the "Company†) (NYSE: LMT) and reminds investors of the September 26, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California an ...
LOCKHEED MARTIN FINAL DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors in Lockheed Martin to Contact the Firm Before September 26th
Globenewswire· 2025-09-26 11:00
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Lockheed Martin (LMT) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Lockheed Martin between January 23, 2024 and July 21, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Sept. 26, 2025 (GLOBE NEWSWIRE) -- What ...
Boeing feels little economic pain as strike at defense unit head for ninth week
Reuters· 2025-09-26 10:02
A strike by machinists at Boeing Defense in St. Louis reached 53 days on Friday, matching last year's walkout by fellow International Association of Machinists and Aerospace Workers union members in t... ...
Why Kratos Defense and Security Stock Topped the Market Today
Yahoo Finance· 2025-09-25 22:57
Core Insights - A significant price target increase by RBC Capital's Ken Herbert has positively impacted Kratos Defense & Security Solutions' stock, leading to a nearly 4% rise in share price, contrasting with a 0.5% decline in the S&P 500 index [1][2] Group 1 - RBC Capital raised its fair value assessment of Kratos by 38%, setting a new price target of $90 per share, up from $65, while maintaining an outperform (buy) recommendation [2] - The timing of the price target increase coincided with positive business developments from Kratos, indicating a potential correlation between the two [3] - Kratos announced a five-year strategic manufacturing arrangement with Elroy Air, focusing on self-piloting aircraft for military logistics, making Kratos the exclusive manufacturing partner for Elroy's Chaparral cargo drone [4] Group 2 - On the same day, Kratos and GE Aerospace initiated altitude testing on the GEK800 drone engine, designed for next-generation unmanned aerial systems and collaborative combat aircraft [5] - The developments in partnerships and technology advancements suggest a strong growth trajectory for Kratos in the defense sector [4][5]
Mercury Selected to Develop Cockpit Communications Subsystem for New U.S. Military Aircraft
Globenewswire· 2025-09-25 20:15
Core Points - Mercury Systems, Inc. has received a $12.3 million development contract from a defense prime contractor to develop an avionics subsystem for a new U.S. military aircraft [1] - The contract, signed in July, is a three-year agreement for the development of a Communication Management Unit (CMU) control head, which will manage multiple cockpit communications systems [2] - The new product is part of Mercury's Displays and Networking product line and reflects the company's capability to deliver critical hardware for defense missions [3] Company Overview - Mercury Systems is a global technology company focused on mission-critical processing for aerospace and defense applications, with products deployed in over 300 programs across 35 countries [3] - The Mercury Processing Platform enhances the pilot-machine interface, enabling faster decision-making and providing innovative capabilities from silicon to system scale [3] - The company is headquartered in Andover, Massachusetts, and operates more than 20 locations worldwide [3]
Lockheed Martin Corporation (LMT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-09-25 19:43
Contact Us To Participate or Learn More:If you wish tolearn moreabout this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.Charles Linehan, Esq.,Glancy Prongay & Murray LLP,1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: [email protected]Telephone: 310-201-9150 (Toll-Free: 888-773-9224) Visit our website at www.glancylaw.com.Follow us for updates on LinkedIn, Twitter, or Facebook. If yo ...