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FLY Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages Firefly Aerospace Inc. (NASDAQ: FLY) Investors with Significant Losses to Contact the Firm
Globenewswire· 2025-10-02 13:24
RADNOR, Pa., Oct. 02, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Firefly Aerospace Inc. (NASDAQ: FLY) (“Firefly Aerospace”). On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025 – Firefly Aerospace’s initial quarterly results as a public company since its initial public offering the prior month. ...
Ondas Places Initial Order for Wasp Attritable Drones from Rift Dynamics for Distribution to U.S. Defense Markets
Accessnewswire· 2025-10-02 12:30
Ondas' American Robotics is the exclusive U.S. distributor of the WÃ¥sp drone platform which meets urgent U.S. Department of War requirements for mass-affordable attritable systems WÃ¥sp is fully NDAA-compliant and designed for scalable production through leading defense electronics manufacturer, Kitron's, global manufacturing network Manufacturing strategy provides industrial readiness for Rift and Ondas to deliver 20,000 units per month worldwide BOSTON, MA / ACCESS Newswire / October 2, 2025 / Ondas Hold ...
RTX Receives $352 Million Contracts for Missile Systems
Yahoo Finance· 2025-10-02 06:33
RTX Corporation (NYSE:RTX) ranks among the top picks for a retirement portfolio. The US Department of War reported that on September 26, RTX Corporation (NYSE:RTX) received several defense contracts worth about $352.6 million for a range of missile systems and associated services. Pixabay/Public Domain The most substantial award is a $160.9 million contract modification for the AIM-9X missile program that was previously approved. This upgrade involves producing a second source solid rocket motor assembl ...
Navy Awards Lockheed Martin (LMT) Multiple Aegis System Contract Adjustments
Yahoo Finance· 2025-10-02 05:53
Lockheed Martin Corporation (NYSE:LMT) ranks among the stocks with low beta that can beat market volatility. On September 24, Lockheed Martin Corporation (NYSE:LMT) received various contracts worth around $81 million to operate on the Aegis combat and missile defense systems. For one, the US Department of War issued Lockheed Martin Rotary and Mission Systems a $22.7 million cost-plus-incentive-fee adjustment to a previous contract for in-service AEGIS maintenance, deploying, and product documentation. Pi ...
AI stock under $10 surges on defense deal optimism
Yahoo Finance· 2025-10-02 02:20
BigBear.ai (BBAI) has positioned itself as a key player in artificial intelligence-driven solutions for defense. Key takeaways: BigBear.ai is expanding as an AI solution for mission-based operations. Despite a weak quarterly report, it boasts significant cash for investments. The company is looking at international and domestic contracts to increase revenue. The company's stock rose 400% over the past year, primarily due to a new defense contract that leverages its predictive analytics to enhance ...
NASDAQ: FLY Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages Firefly Aerospace Inc. (NASDAQ: FLY) Investors with Significant Losses to Contact the Firm
Businesswire· 2025-10-01 15:32
On September 22, 2025, Firefly Aerospace reported its financial results for the second quarter of fiscal year 2025 – Firefly Aerospace's initial quarterly results as a public company since its initial public offering the prior month. Specifically, Firefly Aerospace reported revenue of $15.5 million, a year-over-year decline of more than 27%, while reporting total operating expenses of $58.3 million, a year-over-year increase of more than 12%. On this news, the price of Firefly Aerospace's stock declined by ...
Howmet Aerospace Board Approves Common Stock Dividend
Prnewswire· 2025-09-30 20:00
Core Points - Howmet Aerospace Inc. declared a dividend of 12 cents per share on its outstanding Common Stock, payable on November 25, 2025, to shareholders of record as of November 7, 2025 [1] Company Overview - Howmet Aerospace Inc. is a leading global provider of advanced engineered solutions for the aerospace and transportation industries, focusing on jet engine components, aerospace fastening systems, and airframe structural components [2] - The company holds approximately 1,170 granted and pending patents, enabling the development of lighter, more fuel-efficient aircraft and commercial trucks with a lower carbon footprint [2] Financial Performance - Howmet Aerospace reported record second quarter 2025 revenue of $2.05 billion, indicating significant growth [5]
Pentagon awards Raytheon $5 billion contract for Coyote missile system
Reuters· 2025-09-29 21:44
The Pentagon said on Monday that it has awarded a $5.04 billion U.S. Army contract to Raytheon for its Coyote missile system. ...
LOCKHEED MARTIN ALERT: Bragar Eagel & Squire, P.C. is Investigating Lockheed Martin Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-29 21:26
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Lockheed Martin Corporation due to a class action complaint alleging breaches of fiduciary duties by the board of directors during the specified class period from January 23, 2024, to July 21, 2025 [1][2]. Summary by Sections Allegations and Financial Impact - The class action complaint alleges that Lockheed Martin made materially false and misleading statements and failed to disclose adverse facts about its business operations and prospects [2]. - Specific allegations include a lack of effective internal controls, inaccurate program reviews, overstated contract delivery capabilities, and a likelihood of significant losses [2]. - On October 22, 2024, Lockheed Martin announced $80 million in losses due to higher-than-anticipated costs, resulting in a share price drop of $37.63 (6.12%) to close at $576.98 [2]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, leading to a share price decline of $46.24 (9.2%) to close at $457.45 [2]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, causing the share price to fall by $49.79 (10.8%) to close at $410.74 [3]. Company Performance - Lockheed Martin's net earnings for 2024 were reported at $5.3 billion ($22.31 per share), a decrease from $6.9 billion ($27.55 per share) in 2023 [2]. - Following the announcements of losses, the company's share price experienced significant declines, indicating investor reaction to the financial disclosures [2][3]. Next Steps for Investors - Long-term stockholders of Lockheed Martin are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims related to the class action [4].
General Dynamics Upgraded To Buy At Seaport Global, Shares Rise
Financial Modeling Prep· 2025-09-29 20:02
Core Viewpoint - General Dynamics Corp. shares rose nearly 2% after Seaport Global Securities upgraded the stock to Buy from Neutral with a price target of $376, citing attractive entry points due to government budget debates and potential temporary shutdowns [1]. Group 1: Stock Upgrade and Market Reaction - Seaport Global Securities upgraded General Dynamics to Buy from Neutral, setting a price target of $376 [1]. - The stock experienced a nearly 2% increase intra-day following the upgrade [1]. Group 2: Government Budget Concerns - Near-term concerns regarding government budget debates and the possibility of a temporary shutdown were highlighted as attractive entry points for investors [1]. - Analysts noted that execution had improved, alleviating prior concerns, while investors remained cautious ahead of fiscal year-end budget negotiations [2]. Group 3: Company Fundamentals and Growth - The upgrade emphasized backlog growth driven by Pentagon priorities and improved backlog-to-revenue conversion [3]. - Incentive-based contracts were noted to support margins, indicating strengthening fundamentals for the company [3]. - With improving visibility, investors are beginning to focus on estimates for 2027–2028, where upside to consensus expectations is anticipated [3].