Latest news with #ForeignMilitarySales
Business Insider
24-05-2025
- Business
- Business Insider
Lockheed Martin awarded $214.36M Army contract
Lockheed Martin (LMT) was awarded a $214.36M hybrid contract for the recapitalization of the Multiple Launch Rocket System into the M270A2 configuration. Bids were solicited via the internet with one received. Work has an estimated completion date of December 30, 2030. FY25 missile procurement, Army funds; fiscal 2025 Foreign Military Sales funds; FY24 cooperative partner funds in the amount of $214.36M, were obligated at the time of the award. Army Rapid Capabilities and Critical Technologies Office is the contracting activity. Confident Investing Starts Here:
Yahoo
19-05-2025
- Business
- Yahoo
Northcoast Research Downgrades GE Aerospace (GE) Citing Valuation, Trade Concerns
Northcoast Research on Monday downgraded GE Aerospace (NYSE:GE) to Neutral from Buy, amid concerns about the company's valuation, following a 29% surge over the past month. The stock has had impressive returns this year on the back of GE Aerospace (NYSE:GE)'s ambitious plan to invest up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. Investor sentiment has also been bolstered by notable high-value contracts, including a $5 billion IDIQ award from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines. A huge in-process machining center producing parts for aircraft and aerospace systems. However, analysts at Northcoast Research argue that GE Aerospace (NYSE:GE)'s rally also coincided with reducing concerns about the ongoing trade wars, a manageable import tariff impact seen for aerospace OEMs and suppliers, improved aircraft production, and press reports about positive developments in the industry. Analysts say that while there could be short-term momentum, the risk-reward profile has diminished for GE Aerospace (NYSE:GE) in the wake of recent contrasting views from Wall Street and aerospace suppliers. Chris Olin, analyst at Northcoast Research, believes ongoing trade disputes could reignite inflation and result in aircraft delivery delays. He also noted slowing domestic airline traffic, which could jeopardize GE Aerospace (NYSE:GE)'s forecasted 10% CES service sales growth. Olin stated the following in a note to clients on May 19: 'There are just too many unsolved questions surrounding the aero peer group for us to keep buy ratings in place.' While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Northcoast Research Downgrades GE Aerospace (GE) Citing Valuation, Trade Concerns
Northcoast Research on Monday downgraded GE Aerospace (NYSE:GE) to Neutral from Buy, amid concerns about the company's valuation, following a 29% surge over the past month. The stock has had impressive returns this year on the back of GE Aerospace (NYSE:GE)'s ambitious plan to invest up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. Investor sentiment has also been bolstered by notable high-value contracts, including a $5 billion IDIQ award from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines. A huge in-process machining center producing parts for aircraft and aerospace systems. However, analysts at Northcoast Research argue that GE Aerospace (NYSE:GE)'s rally also coincided with reducing concerns about the ongoing trade wars, a manageable import tariff impact seen for aerospace OEMs and suppliers, improved aircraft production, and press reports about positive developments in the industry. Analysts say that while there could be short-term momentum, the risk-reward profile has diminished for GE Aerospace (NYSE:GE) in the wake of recent contrasting views from Wall Street and aerospace suppliers. Chris Olin, analyst at Northcoast Research, believes ongoing trade disputes could reignite inflation and result in aircraft delivery delays. He also noted slowing domestic airline traffic, which could jeopardize GE Aerospace (NYSE:GE)'s forecasted 10% CES service sales growth. Olin stated the following in a note to clients on May 19: 'There are just too many unsolved questions surrounding the aero peer group for us to keep buy ratings in place.' While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Congress approves $141M for Fort Smith foreign pilot training center
FORT SMITH, Ark. (KNWA/KFTA) — The Ebbing Air National Guard Base in Fort Smith is set to receive $141 million in new investments after receiving Congressional approval on Monday, officials announced. The funding was secured through the efforts of Sen. John Boozman, Sen. Tom Cotton and U.S. Rep. Steve Womack, according to a news release from Boozman's office. 'This funding represents another critical step forward for Ebbing and the foreign pilot training center in the River Valley,' Boozman and Cotton said in the release. 'The FMS mission is not only tremendously beneficial for Fort Smith, the region and our state –– it is also a vital component of our national security strategy. The Arkansas congressional delegation will continue ensuring it has the resources necessary to successfully host our allies and partners to help defend our nation and interests.' 188th Security Forces Squadron, Fort Smith PD announce enhanced partnership In March 2023, it was announced that Ebbing was selected by the United States Air Force to be a long-term training center supporting F-16 and F-35 fighter planes purchased by countries participating in the Foreign Military Sales (FMS) program. 'I'm proud to have worked alongside my friends and colleagues, Sens. Boozman and Cotton, to secure funding for Ebbing Air National Guard Base in this challenging year,' Womack said in a statement. 'The F-35 FMS mission enhances our national security by improving the capabilities of our allies and partners while also delivering meaningful benefits to the surrounding Fort Smith community. I look forward to seeing this mission continue to grow.' The release said the funding will support the construction of an Academic Training Center, F-35 bay aircraft maintenance hangar and F-35 squad operations mission planning facility, along with the design of future projects on base. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Irish Daily Mirror
25-04-2025
- Business
- Irish Daily Mirror
Government to spend €40m on 'Javelin' missiles used by Ukraine against Russians
The Government is to spend €40 million – on dozens of deadly Javelin missiles and launchers for the Defence Forces. The Irish Mirror has learned that the US Congress has given the green light for the purchase which is expected to take place in the coming months. The Defence Forces already uses the US made missiles – but military bosses want more of them for use at home and abroad. The Javelin, which has been used heavily by Ukraine in the fight against Russian invaders, is one of the most potent weapon the Defence Forces have – and can destroy tanks, armour and even heavy bunkers from 4kms away. The system is so expensive that live missiles are only usually fired once a year. But Ireland now wants to beef up its number of Javelin missiles and launchers – at a cost of €40 million. The price was over a certain amount and that meant that the US Congress had to approve the deal – which they did earlier this week. America's Defense Security Cooperation Agency, which deals with foreign arms sales, said the deal would improve Irelands security capabilities – especially overseas. Irish UN troops in Lebanon have access to the existing Javelin stocks in case they are attacked. The agency said: 'This proposed sale will support the foreign policy and national security of the United States by improving the security and capabilities of Ireland to support its participation in peacekeeping missions with the United Nations and NATO's Partnership for Peace program.' It also said the deal would see Ireland buy 44 missiles – as well as 36 launchers. The agency said: 'The Government of Ireland has requested to buy thirty-six (36) Lightweight Command Launch Units (LwCLUs) that will be added to a previously implemented case whose value was under the congressional notification threshold. The original Foreign Military Sales (FMS) case, valued at $8.7 million included 44 FGM-148 Javelin missiles. 'This notification is for a combined total of 44 FGM-148 Javelin missiles and thirty-six (36) Lightweight Command Launch Units (LwCLUs). The following non-MDE items will also be included: missile containers; U.S. Government technical assistance; Enhanced Producibility Basic Skills Trainers (EPBST); training; and other related elements of logistics and program support. 'The estimated total cost is $46 million.' That works out at around €40 million. A Defence Forces spokesman told the Irish Mirror: 'The Javelin Medium Range Guided Anti-Tank Missile, which is procured from the US by way of the Foreign Military Sales procurement mechanism, has been in continuous service with the Defence Forces for over twenty years. "Regular replenishments of missiles along with launch system enhancements are a feature of this capability in order to maintain this effective and battle proven defensive capability.' We asked the Department of Defence for comment.
