Latest news with #DefenseSystems
Globe and Mail
05-08-2025
- Business
- Globe and Mail
Leidos Holdings Beats on Q2 Earnings, Raises '25 View
Leidos Holdings, Inc.'s ( LDOS ) second-quarter 2025 adjusted earnings of $3.21 per share beat the Zacks Consensus Estimate of $2.63 by 22.1%. The bottom line also improved 22.1% from $2.63 registered in the prior-year quarter. LDOS reported GAAP earnings of $3.01 per share, implying an improvement from the prior-year quarter's level of $2.37. The year-over-year upside in the bottom line can be attributed to revenue growth and higher operating income than the prior-year level. LDOS' Total Revenues Total revenues of $4.25 billion beat the Zacks Consensus Estimate of $4.23 billion by 0.5%. The top line also improved 2.9% year over year, driven by increased demand across all customer segments, especially Defense Systems, thanks to strong demand for innovative military products. LDOS' Backlog The company recorded a total backlog of $46.21 billion, down from $46.30 billion at the end of the first quarter of 2025. Of this amount, $7.12 billion was funded. Operational Statistics of LDOS The cost of revenues increased 1.3% year over year to $3.47 billion. LDOS reported an adjusted operating income of $605 million compared with $524 million in the year-ago quarter. The adjusted operating margin was 14.2% compared with 12.7% in the prior-year period. Interest expenses totaled $55 million, which improved 7.8% from the year-ago figure. Leidos' Segmental Performance National Security and Digital: Net revenues in this segment improved 3.3% year over year to $1.87 billion. The increase can be attributed to recent contract awards, increased volumes on the Sentinel program and a modest contribution from Kudu Dynamics. Adjusted operating income improved to $195 million from the year-ago level of $188 million. Adjusted operating margin was 10.4%, which came in line with the prior-year figure. Health & Civil: The segment recorded revenues of $1.27 billion, up 0.7% year over year. Adjusted operating income totaled $317 million compared with $314 million in the year-ago quarter. The adjusted operating margin was 24.9%, which remained flat year over year. Commercial & International: Revenues in this segment amounted to $566 million, up 0.9% year over year. The upside was driven by continued demand for security product solutions and strong performance on certain programs in the United Kingdom. This segment recorded an adjusted operating income of $48 million compared with $4 million in the year-ago quarter. The adjusted operating margin was 8.5%, up 780 basis points (bps) year over year. Defense Systems: Revenues in this segment amounted to $543 million, up 9.7% year over year. The upside was driven by increased volumes in space sensing and integrated air defense, including the Indirect Fires Protection Capability Increment 2 system. This segment recorded an adjusted operating income of $53 million compared with $51 million in the year-ago period. The adjusted operating margin was 9.8%, down 50 bps year over year. LDOS' Financials Cash and cash equivalents totaled $930 million as of July 4, 2025, compared with $849 million as of Jan. 3, 2025. As of July 4, 2025, the long-term debt, net of the current portion, amounted to $4.99 billion compared with $4.05 billion as of Jan. 3, 2025. Net cash flow from operating activities totaled $544 million at the end of the second quarter of 2025 compared with $494 million recorded a year ago. LDOS' 2025 Guidance Leidos Holdings has raised its 2025 guidance. It currently expects to generate adjusted earnings in the range of $11.15-$11.45 per share, higher than its earlier projection of $10.35-$10.75. The Zacks Consensus Estimate for earnings is pegged at $10.81 per share, which lies below the company's new guidance. LDOS now expects 2025 revenues to be in the band of $17.00-$17.25 billion compared with the prior guidance of $16.90-$17.30 billion. The Zacks Consensus Estimate for revenues is pegged at $17.14 billion, just above the midpoint of the company's newly guided range. It currently expects to generate cash flow from operating activities of approximately $1.65 billion compared with its prior guidance of $1.45 billion. LDOS' Zacks Rank Leidos Holdings currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Defense Releases The Boeing Company ( BA ) incurred an adjusted loss of $1.24 per share in the second quarter of 2025, narrower than the Zacks Consensus Estimate of a loss of $1.54. The bottom line improved from the year-ago quarter's reported loss of $2.90 per share. Revenues amounted to $22.75 billion, which outpaced the Zacks Consensus Estimate of $21.86 billion by 4.1%. The top line also surged 34.9% from the year-ago quarter's reported figure of $16.87 billion. RTX Corporation 's ( RTX ) second-quarter 2025 adjusted earnings per share of $1.56 beat the Zacks Consensus Estimate of $1.45 by 7.6%. The bottom line also improved 10.6% from the year-ago quarter's level of $1.41. RTX's second-quarter sales totaled $21.58 billion, which surpassed the Zacks Consensus Estimate of $20.53 billion by 5.1%. The top line also surged a solid 9.4% from $19.72 billion recorded for the second quarter of 2024. Lockheed Martin Corporation ( LMT ) reported second-quarter 2025 adjusted earnings of $7.29 per share, which beat the Zacks Consensus Estimate of $6.49 by 12.3%. The bottom line increased 2.5% from the year-ago quarter's reported figure of $7.11. Net sales were $18.16 billion, which missed the Zacks Consensus Estimate of $18.56 billion by 2.2%. The top line, however, inched up 0.2% from $18.12 billion reported in the year-ago quarter. Only $1 to See All Zacks' Buys and Sells We're not kidding. 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Reuters
04-08-2025
- Politics
- Reuters
Israel detects missile launch from Yemen, working to intercept it
Aug 5 (Reuters) - The Israeli military said early on Tuesday it identified the launch of a missile from Yemen towards Israel with aerial defence systems operating to intercept the threat.
Yahoo
22-07-2025
- Business
- Yahoo
Northrop Grumman Beats on Q2 Earnings & Revenues, Raises '25 EPS View
Northrop Grumman Corporation NOC reported second-quarter 2025 adjusted earnings of $7.11 per share, which beat the Zacks Consensus Estimate of $6.71 by 6%.Including one-time items, the company reported GAAP earnings of $8.15 per share, which improved 28% from the year-ago quarter's reported number of $ year-over-year improvement can be attributed to strong segment operating performance and a net after-tax benefit related to the divestiture of the company's training services business. NOC's Total Sales NOC's total sales of $10.35 billion in the second quarter beat the Zacks Consensus Estimate of $10.06 billion by 2.9%. The top line also rose 1.3% from $10.22 billion reported in the year-ago quarter. The improvement can be attributed to higher sales from its Aeronautics Systems, Defense Systems and Mission Systems segments. Northrop Grumman Corporation Price, Consensus and EPS Surprise Northrop Grumman Corporation price-consensus-eps-surprise-chart | Northrop Grumman Corporation Quote Northrop Grumman's Backlog Count The company's total backlog was $89.74 billion at the end of the second quarter compared with $92.80 billion at the end of the first quarter of model projected a backlog worth $115.31 billion for the second quarter of 2025. NOC's Segmental Details Aeronautics Systems: This segment's sales of $3.11 billion increased 2% year over year, driven by the higher volume of the B-21 program and the ramp-up of the E-130J TACAMO unit's operating income totaled $321 million compared with the operating income of $312 million in the second quarter of 2024. Its operating profit margin also improved 10 basis points (bps) to 10.3%.Mission Systems: Sales in this segment increased 14% to $3.16 billion. This was driven by the favorable timing of a restricted award, higher volumes from marine systems, international ground-based radar, advanced technologies and navigation systems unit's operating income rose 22% to $441 million. The operating margin expanded 100 bps to 14%.Defense Systems: This segment's sales jumped 7% year over year to $1.99 billion. The improvement was driven by higher sales from the Sentinel program and military ammunition unit's operating income improved 32% year over year to $253 million. The operating margin expanded 240 bps to 12.7%.Space Systems: Sales in this segment declined 12% to $2.65 billion due to the winding down of work on the restricted space and Next Generation Interceptor programs, as well as lower volumes from Space Development Agency satellite segment's operating income decreased 8% year over year to $280 million. However, the operating margin expanded 50 bps to 10.6%. Northrop Grumman's Operational Update Total operating income during the quarter totaled $1.43 billion, reflecting a significant rise from $1.09 billion in the prior-year quarter. This increase was due to higher operating income at Aeronautics Systems, Mission Systems and Defense Systems. NOC's Financial Condition Northrop Grumman's cash and cash equivalents as of June 30, 2025 totaled $1.90 billion, down from $4.35 billion as of Dec. 31, debt (net of the current portion) amounted to $15.16 billion compared with $14.69 billion as of Dec. 31, cash outflow from operating activities totaled $697 million during the first six months of 2025 against cash inflow of $719 million a year ago. Northrop Grumman's 2025 Guidance The company updated its 2025 guidance. NOC now expects its revenues in the range of $42.05-$42.25 billion, narrower than the previous guidance in the band of $42.00-$42.50 billion. The Zacks Consensus Estimate for sales is pegged at $41.98 billion, lower than the company's newly guided now expects adjusted earnings in the band of $25.00-$25.40 per share, higher than its earlier guided band of $24.95-$25.35. The Zacks Consensus Estimate for earnings is pegged at $25.13 per share, below the midpoint of the company's guided Grumman now projects to generate adjusted free cash flow in the band of $3.05-$3.35 billion, higher from the previous range of $2.85-$3.25 billion. NOC's Zacks Rank NOC currently has a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. A Recent Defense Release AAR Corp. AIR reported fourth-quarter fiscal 2025 adjusted earnings of $1.16 per share, which surpassed the Zacks Consensus Estimate of $1.00 by 16%. The bottom line also improved 31.8% from the year-ago quarter's level of 88 generated net sales of $754.5 million. The reported figure surpassed the Zacks Consensus Estimate of $691 million by 9.2%. The figure also increased 14.9% from $656.5 million recorded in the year-ago quarter. Upcoming Q1 Defense Releases General Dynamics Corporation GD is set to report second-quarter 2025 results on July 23, before market Zacks Consensus Estimate for GD's earnings is pegged at $3.59 per share. The consensus estimate for its sales is pegged at $12.35 billion, indicating year-over-year growth of 3.1%.The Boeing Company BA is set to report second-quarter 2025 earnings on July 29, before market Zacks Consensus Estimate for BA's loss is pegged at $1.47 per share. The consensus estimate for its sales is pegged at $21.93 billion, implying year-over-year growth of 30%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report General Dynamics Corporation (GD) : Free Stock Analysis Report AAR Corp. (AIR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
14-07-2025
- Politics
- Yahoo
Trump says US will send Patriot missiles to Ukraine: 'They desperately need' them
WASHINGTON — President Donald Trump said the United States will send Patriot air defense missiles to Ukraine that will be reimbursed for by the European Union, offering critical help to Kyiv as it battles an onslaught of Russian drone attacks. Trump did not specify how many weapons systems the United States would provide and told reporters it had not been agreed upon yet. The United States, Trump stressed, would not pay for them. He then heaped fresh criticism on Russian President Vladimir Putin, whom he's soured against in recent weeks. "We will send them Patriots, which they desperately need," Trump said of Ukraine while speaking with reporters at Joint Base Andrews on July 13. "Putin really surprised a lot of people. He talks nice and then he bombs everybody in the evening. There's a little bit of a problem there. I don't like it." Ukraine latest: Trump escalates criticism of Putin, rearms Ukraine, as Russia's war plows on Ukrainian President Volodymyr Zelenskyy has been pressing Trump to allow his country to purchase Patriot missile air defense systems from the United States as Russia intensifies its missile and drone attacks. Shipments of the missile systems that were previously approved were paused by a Pentagon review of U.S. military stockpiles and then resumed last week by Trump. "Ukraine is ready to buy this equipment and support American weapons manufacturers. Europe can help," Zelenskyy said after a June 25 meeting with Trump. While speaking to reporters after returning from the FIFA Club World Cup match in New Jersey, Trump said the United States would be sending Ukraine "sophisticated military" equipment. The plan was expected to be part of an Oval Office discussion at the White House with NATO Secretary General Mark Rutte. Trump said in an interview with NBC News last week that the United States would be sending weapons to NATO that the military alliance would be paying for. 'We are not paying for any more weapons,' Trump told NBC at the time. This article originally appeared on USA TODAY: US will send Patriot air defense missiles to Ukraine: Donald Trump
LBCI
19-06-2025
- Politics
- LBCI
Israeli army says Iran used multi-warhead missile, posing new challenge to air defenses
The Israeli military announced on Thursday that Iran had used a missile equipped with multiple warheads in its recent attack, marking what it described as a new challenge to Israel's air defense systems.
