Workflow
Missiles and Missile Defense Systems
icon
Search documents
Lockheed Wins $647M Deal to Produce & Support Trident II D5 Missiles
ZACKS· 2025-10-06 14:06
Key Takeaways Lockheed Martin wins a $647M deal for Trident II D5 missile production and systems support.The Trident II D5 missile remains deployed on Ohio-class and UK Vanguard-class submarines.LMT's Missiles and Fire Control unit drives global growth with proven missile systems.Lockheed Martin Corp. (LMT) recently secured a modification to a previously awarded contract. The deal is for the production of Trident II D5 missiles and support for deployed systems. The deal has been awarded by the Strategic Sys ...
RTX's Unit Secures a $161M Contract to Support AIM-9X Missiles
ZACKS· 2025-10-02 14:16
Core Insights - RTX Corporation's Raytheon unit secured a $160.9 million modification contract to support the AIM-9X missile program, awarded by the Naval Air Systems Command, with completion expected by September 2029 [1][2][10] Summary by Sections RTX's Deal - The contract involves non-recurring engineering work for the development, manufacturing, and qualification of a second-source solid rocket motor assembly and the WDU-17/B warhead for AIM-9X missile production [2] - It includes options for the production and delivery of 126 AIM-9X-4 Block II tactical missiles, 32 missile containers, and 20 spare DSU-41 Active Optical Target Detectors [3] - The majority of the work will be conducted in Tucson, AZ, and Raufoss, Norway, indicating RTX's global operational footprint [3][10] Favorable Market Conditions for RTX - The AIM-9X missile is a sophisticated system with improved electronics and upgraded in-flight safety, contributing to RTX's ability to secure contracts from the Pentagon and U.S. allies [4] - The global missile market is projected to grow at a compound annual growth rate of 5% from 2025 to 2030, driven by rising military conflicts and defense spending [5] - RTX's portfolio includes several combat-proven missiles, positioning the company strategically to benefit from this market growth [6] Prospects for RTX's Peers - Northrop Grumman is involved in high-speed, long-range strike weapons and advanced missile defense technologies, indicating a strong position in the expanding missile market [7] - Boeing manufactures various missile defense systems and has been selected for new projects aimed at enhancing aerial threat protection [9][11] - Lockheed Martin's product offerings include advanced missile defense programs and has recently secured a significant contract for Javelin missiles, highlighting its active role in the defense sector [12][13]
Lockheed Secures a $720M Contract for JAGM & Hellfire Missiles
ZACKS· 2025-08-16 02:41
Group 1: Contract and Production Details - Lockheed Martin Corporation secured a modification contract valued at $720.1 million to produce Joint Air-to-Ground Missiles (JAGM) and Hellfire missiles, with work to be completed by September 30, 2028 [1][8] - The contract was awarded by the U.S. Army Contracting Command, indicating strong demand for Lockheed's missile systems [1][2] Group 2: Market Demand and Growth - Global defense spending is increasing, particularly in advanced military arms and missile systems, benefiting Lockheed Martin as a leading manufacturer [2][4] - The missile and missile defense systems market is projected to grow at a compound annual growth rate of 5% from 2025 to 2030, driven by rising military conflicts and national security concerns [4][5] Group 3: Product Capabilities - The Hellfire missile is a multipurpose system effective against a wide range of targets, while JAGM combines Hellfire and LONGBOW capabilities for multi-domain combat solutions [3][8] - Lockheed's Missile and Fire Control unit is recognized for high-performance missiles and operates in over 50 countries, with key programs including the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense [5][6] Group 4: Competitive Landscape - Other defense companies like Northrop Grumman, RTX Corporation, and Boeing are also positioned to benefit from the expanding missile market, each offering advanced missile defense technologies and systems [6][7][9]
RTX's Raytheon Unit Secures a Contract to Aid RAM GMLS Program
ZACKS· 2025-07-14 15:06
Group 1: RTX Corporation and Contract Wins - RTX Corporation's unit, Raytheon, secured a $74 million modification contract to provide spares for the Rolling Airframe Missile (RAM) Mod 5 Guided Missile Launching System (GMLS) [1] - The contract is awarded by the Naval Sea Systems Command and is projected to be completed by September 2028, with work primarily performed in Louisville, KY, and Ottobrunn, Germany [1] - The RAM GMLS is deployed on over 165 ships across 11 countries, indicating strong demand for this missile system in both domestic and international markets [4][9] Group 2: Market Trends and Growth Projections - Rising military conflicts and national security concerns have led to increased focus on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense system market from 2025 to 2030 [2] - RTX's product portfolio includes several combat-proven missiles, positioning the company to benefit from the expanding market [3] Group 3: Competitors in the Defense Sector - Northrop Grumman provides advanced missile defense technology and has a long-term earnings growth rate of 3%, with a Zacks Consensus Estimate for 2025 sales indicating 2.7% year-over-year growth [5][6] - Boeing manufactures various missile defense systems and has a long-term earnings growth rate of 18.1%, with a Zacks Consensus Estimate for 2025 sales indicating 27.5% year-over-year growth [7][8] - Lockheed Martin's product portfolio includes several missile defense programs, with a long-term earnings growth rate of 10.5% and a Zacks Consensus Estimate for 2025 sales indicating 4.7% year-over-year growth [10]
RTX's Raytheon Unit Wins a Contract to Aid Standard Missile-6 Program
ZACKS· 2025-07-01 15:21
Group 1: RTX Corporation and Raytheon - RTX Corporation's unit, Raytheon, secured a $49.8 million modification contract for the manufacturing, assembly, testing, and delivery of Standard Missile-6 (SM-6) Tactical All-Up Rounds to support full-rate production [1][9] - The majority of the contract work will be performed in Tucson, AZ, and East Camden, AR, with completion projected by April 2029 [1][9] - The SM-6 missile provides defense against air, surface, and ballistic threats, with over 500 units delivered to the U.S. Navy, indicating strong demand for its advanced features [4][9] Group 2: Market Trends and Growth Projections - Rising military conflicts and national security concerns have led to increased focus on missile defense systems globally, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense system market from 2025 to 2030 [2][3] - RTX has a competitive advantage with a portfolio of combat-proven missiles, including the SM-6, which positions the company favorably in the expanding market [3] Group 3: Prospects for Other Defense Stocks - Northrop Grumman (NOC) is involved in high-speed, long-range strike weapons and advanced missile defense technology, with a long-term earnings growth rate of 3.3% and a projected 2.8% sales growth for 2025 [5][6] - Boeing (BA) manufactures various missile defense systems and has a long-term earnings growth rate of 18.1%, with a projected 25.6% sales growth for 2025 [7] - Lockheed Martin (LMT) offers a range of missile defense programs and has a long-term earnings growth rate of 10.5%, with a projected 4.7% sales growth for 2025 [8][10] Group 4: RTX Stock Performance - RTX shares have increased by 25.1% over the past six months, outperforming the industry growth of 23.3% [11]
RTX Clinches a $250M Deal From MELCO to Produce ESSM Block 2
ZACKS· 2025-06-27 14:55
Core Insights - RTX Corporation's Raytheon segment secured a $250 million contract with Mitsubishi Electric Corporation to produce Evolved Seasparrow Missile (ESSM) Block 2, enhancing Japan's defense manufacturing capabilities [1][9] - Following the announcement, RTX's share price increased by 0.58% to $142.67 [2] - The global missiles and missile defense systems market is projected to grow at a CAGR of 5% from 2025 to 2030 due to rising geopolitical tensions [3] Company Overview - RTX is recognized for its advanced missile defense systems, leveraging innovative technology such as sensors, radars, and interceptors, which solidifies its leadership in the market [4] - The ESSM Block 2 missile features improved mobility and performance, reducing reliance on shipboard illumination and integrating with various combat systems [5][9] - RTX's product portfolio includes several combat-proven missiles, such as the SM-6, Patriot Guidance Enhanced Missile, and Tomahawk Cruise Missile [6] Industry Opportunities - Other defense companies like Boeing, Northrop Grumman, and Lockheed Martin are also positioned in the advanced missile systems market, with Boeing showing a long-term earnings growth rate of 18.1% and Lockheed Martin at 10.5% [7][8][10] - Northrop Grumman focuses on high-speed, long-range strike weapons, while Lockheed Martin develops advanced missiles and rockets [8][10] Stock Performance - Over the past six months, RTX shares have increased by 23.8%, outperforming the industry growth of 18.2% [11]
RTX's Arm Secures $300M Contract for ESSM Block II Missile Assemblies
ZACKS· 2025-06-20 15:16
Core Insights - RTX Corporation's Raytheon unit secured a $299.7 million contract for the Evolved Seasparrow Missile (ESSM), which includes providing test equipment and spares, as well as options for guided missile assemblies [1][9]. Group 1: Contract Details - The contract will be executed globally in multiple locations, including the United States, Australia, Canada, Norway, and the Netherlands, and is projected to be completed by September 2030 [2]. - The award was provided by the Naval Sea Systems Command, Washington, D.C. [2]. Group 2: Market Dynamics - Global defense spending is increasing, particularly in advanced military arms and missile systems, benefiting RTX as a prominent missile manufacturer [3]. - The ESSM Block II is a combat-proven naval defense system with over 330 successful live sea firings, enhancing fleet protection against various threats [4]. Group 3: Growth Prospects - Rising military conflicts and national security concerns are driving nations to focus on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense systems market from 2025 to 2030 [5]. - RTX has a portfolio of combat-proven missiles, including the TOW missile and Tomahawk, positioning it well for growth in this expanding market [6]. Group 4: Competitor Insights - Other defense companies like Northrop Grumman, Boeing, and Lockheed Martin are also positioned to benefit from the growing missile systems market, with varying long-term earnings growth rates and sales projections [7][10][11]. Group 5: Stock Performance - RTX shares have increased by 25.1% over the past six months, outperforming the industry average growth of 15.5% [12].
RTX's Unit Secures a Contract to Aid Standard Missile-6 Program
ZACKS· 2025-06-17 13:16
Group 1: RTX Corporation and Raytheon - RTX Corporation's unit, Raytheon, secured an $18.3 million modification contract for the manufacturing, assembly, testing, and delivery of Standard Missile-6 (SM-6) Tactical All-Up Rounds to support full-rate production [1][10] - The majority of the work related to this contract will be performed in Tucson, AZ, and East Camden, AR, with completion projected by May 2029 [2][10] - The SM-6 missile provides defense against air, surface, and ballistic threats, offering cost-effective protection for 60 naval ships, with over 500 units delivered to the U.S. Navy [5][10] Group 2: Market Trends and Growth Projections - Rising military conflicts, terrorism, and border disputes have led nations to increase their focus on national security, particularly on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense system market during 2025-2030 [3] - RTX has a strategic advantage with a portfolio of combat-proven missiles, including the SM-6, which is driving demand [4] Group 3: Prospects for Other Defense Stocks - Northrop Grumman (NOC) is expected to benefit from the expanding missile and missile system market, with a long-term earnings growth rate of 3.3% and a projected 2.8% year-over-year sales growth for 2025 [6][7] - Boeing (BA) manufactures various missile defense systems and has a long-term earnings growth rate of 18.1%, with a projected 25.6% year-over-year sales growth for 2025 [8][9] - Lockheed Martin (LMT) has a missile defense program that includes several advanced systems, with a long-term earnings growth rate of 10.5% and a projected 4.7% year-over-year sales growth for 2025 [9][11] Group 4: Stock Performance - RTX shares have risen 27.9% in the past six months, outperforming the industry's growth of 19.7% [12]
Lockheed Wins a $214M Contract to Aid Multiple Launch Rocket System
ZACKS· 2025-05-27 15:36
Core Viewpoint - Lockheed Martin Corp. (LMT) has secured a $214.4 million contract for the recapitalization of the Multiple Launch Rocket System (MLRS) into the M270A2 configuration, with completion expected by December 30, 2030 [1] Group 1: Contract Details - The contract will be executed in Camden, AR, Grand Prairie, and New Boston, TX, and is awarded by the Army Rapid Capabilities and Critical Technologies Office [1] - The M270 Multiple Launch Rocket System offers rapid, long-range precision strikes, enhancing battlefield survivability and supporting interoperability with allied forces [2][3] Group 2: Market Context - Increasing geopolitical tensions and regional conflicts have led nations to invest heavily in advanced missile systems for defense and deterrence [4] - The global missile and missile defense systems market is projected to grow at a CAGR of 5% from 2025 to 2030, presenting growth opportunities for Lockheed Martin [5] Group 3: Competitive Landscape - Lockheed's Missiles and Fire Control unit operates in over 50 countries, with key products including the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense [6] - Other defense companies like Boeing, Northrop Grumman, and RTX Corporation are also positioned to benefit from the expanding missile defense market, with Boeing showing a long-term earnings growth rate of 17.9% and RTX at 9.3% [7][8][10][11] Group 4: Stock Performance - Over the past three months, Lockheed's shares have increased by 4.1%, while the industry has seen an 8% growth [12]
RTX's Unit Secures a Contract to Aid AIM-9X Sidewinder Missile Systems
ZACKS· 2025-05-22 14:51
Core Viewpoint - RTX Corporation's Raytheon unit has secured a $13.3 million modification contract to support the AIM-9X Sidewinder Missile Systems, which is expected to be completed by June 2027 [1][2]. Summary by Relevant Sections Details of RTX's Deal - The contract involves the development of electronic and guidance units, spare circuit boards, and software engineering stations for the AIM-9X Systems [2]. - The work will be conducted in Tucson, AZ, serving the U.S. Navy, Air Force, Army, and Foreign Military Sales customers [2]. What's Favoring RTX Stock? - The AIM-9X missile is a sophisticated short-range air-to-air and surface-to-air missile capable of tracking infrared light, providing reliable layered defense with ground-launched capabilities [3]. - It is designed for various modern aircraft, including F-15C Eagle, F-22 Raptor, and F-35 Joint Strike Fighter jets, with the latest model, Block II, featuring improved electronics and upgraded in-flight safety [3]. RTX's Growth Prospects - Increased military conflicts and border disputes have led to a heightened focus on national security and missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense system market from 2025 to 2030 [5]. - RTX has a portfolio of combat-proven missiles, including the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Tomahawk, and SM-2, positioning the company strategically for growth [6]. Prospects for RTX's Peers - Northrop Grumman (NOC) is involved in high-speed, long-range strike weapons and advanced missile defense technology, with a long-term earnings growth rate of 3.3% and a projected 2.8% sales growth for 2025 [7][8]. - Boeing (BA) manufactures various missile defense systems with a long-term earnings growth rate of 17.9% and a projected 25.6% sales growth for 2025 [8][9]. - Lockheed Martin (LMT) has a missile defense program that includes the Patriot Advanced Capability-3, with a long-term earnings growth rate of 10.5% and a projected 4.6% sales growth for 2025 [9][10]. RTX Stock Price Movement - RTX shares have increased by 13.7% over the past six months, outperforming the industry's growth of 9.8% [11]. RTX's Zacks Rank - RTX currently holds a Zacks Rank of 3 (Hold) [12].