Latest news with #JAGM
Yahoo
2 days ago
- Business
- Yahoo
Lockheed Secures a $720M Contract for JAGM & Hellfire Missiles
Lockheed Martin Corporation (LMT) recently secured a modification contract valued at $720.1 million to produce Joint Air-to-Ground Missiles (JAGM) and Hellfire missiles. The work related to this deal will be carried out in Ocala, FL, and is projected to be completed by Sept. 30, 2028. The award has been provided by the U.S. Army Contracting Command, Redstone Arsenal, AL. What's Favoring LMT Stock? With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has been rapidly increasing. This also includes growing investments in missiles and missile systems, which are crucial for warfare missions. Lockheed, as a prominent manufacturer of missiles and missile defense systems, has thus been witnessing a steady flow of orders from the Pentagon and other U.S. allies. The latest contract win is an example of that. Notably, LMT Hellfire is a multipurpose missile capable of defeating a broad target set. On the other hand, JAGM is a next-generation missile that combines the capabilities of LMT's Hellfire and LONGBOW missiles into one system, providing multi-domain combat solutions. The aforementioned missiles' viability in the defense industry ushers in solid order flow for Lockheed, like the latest one, further reflecting the solid demand that they boast in the missile market. LMT Stock's Growth Prospects Rising military conflicts, terrorism and border disputes have led nations to increase their focus on national security, particularly on missile defense systems, backed by the rapid development of advanced missile technologies over the last decade. This is likely to have prompted Mordor Intelligence to forecast a compound annual growth rate of 5% for the missiles and missile defense systems market during the 2025-2030 time period. This should benefit Lockheed, with its Missile and Fire Control unit being a recognized developer of high-performance missiles. The unit pursues business in more than 50 countries worldwide. Some of its major programs are the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense air and missile defense programs as well. Its prominent missiles include the Precision Strike Missile and the Long Range AntiShip Missile. Prospects of LMT's Peers Other defense companies that are likely to enjoy the perks of the expanding missiles and missile system market have been discussed below. Northrop Grumman Corporation (NOC): Northrop Grumman provides high-speed, long-range strike weapons like the AARGM-ER, which is a supersonic, air-launched tactical missile system. It also develops and builds advanced missile defense technology, ranging from command systems to directed energy weapons, advanced munitions and powerful sensors. RTX Corporation (RTX): It is known for its missile defense systems like the Patriot and SM-6, which are in high demand globally. RTX also provides advanced sensors and interceptors to identify, track and defeat threats as part of a layered missile defense. The Boeing Company (BA): It manufactures various missile defense systems, including the Ground-based Midcourse Defense, Aegis Ballistic Missile Defense and Avenger. Boeing-built and supported air and missile defense systems have been protecting its customers for nearly 25 years against threats ranging from intercontinental ballistic missiles to hostile aircraft. 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 Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
2 days ago
- Business
- Yahoo
Lockheed Secures a $720M Contract for JAGM & Hellfire Missiles
Lockheed Martin Corporation (LMT) recently secured a modification contract valued at $720.1 million to produce Joint Air-to-Ground Missiles (JAGM) and Hellfire missiles. The work related to this deal will be carried out in Ocala, FL, and is projected to be completed by Sept. 30, 2028. The award has been provided by the U.S. Army Contracting Command, Redstone Arsenal, AL. What's Favoring LMT Stock? With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has been rapidly increasing. This also includes growing investments in missiles and missile systems, which are crucial for warfare missions. Lockheed, as a prominent manufacturer of missiles and missile defense systems, has thus been witnessing a steady flow of orders from the Pentagon and other U.S. allies. The latest contract win is an example of that. Notably, LMT Hellfire is a multipurpose missile capable of defeating a broad target set. On the other hand, JAGM is a next-generation missile that combines the capabilities of LMT's Hellfire and LONGBOW missiles into one system, providing multi-domain combat solutions. The aforementioned missiles' viability in the defense industry ushers in solid order flow for Lockheed, like the latest one, further reflecting the solid demand that they boast in the missile market. LMT Stock's Growth Prospects Rising military conflicts, terrorism and border disputes have led nations to increase their focus on national security, particularly on missile defense systems, backed by the rapid development of advanced missile technologies over the last decade. This is likely to have prompted Mordor Intelligence to forecast a compound annual growth rate of 5% for the missiles and missile defense systems market during the 2025-2030 time period. This should benefit Lockheed, with its Missile and Fire Control unit being a recognized developer of high-performance missiles. The unit pursues business in more than 50 countries worldwide. Some of its major programs are the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense air and missile defense programs as well. Its prominent missiles include the Precision Strike Missile and the Long Range AntiShip Missile. Prospects of LMT's Peers Other defense companies that are likely to enjoy the perks of the expanding missiles and missile system market have been discussed below. Northrop Grumman Corporation (NOC): Northrop Grumman provides high-speed, long-range strike weapons like the AARGM-ER, which is a supersonic, air-launched tactical missile system. It also develops and builds advanced missile defense technology, ranging from command systems to directed energy weapons, advanced munitions and powerful sensors. RTX Corporation (RTX): It is known for its missile defense systems like the Patriot and SM-6, which are in high demand globally. RTX also provides advanced sensors and interceptors to identify, track and defeat threats as part of a layered missile defense. The Boeing Company (BA): It manufactures various missile defense systems, including the Ground-based Midcourse Defense, Aegis Ballistic Missile Defense and Avenger. Boeing-built and supported air and missile defense systems have been protecting its customers for nearly 25 years against threats ranging from intercontinental ballistic missiles to hostile aircraft. 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 Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Globe and Mail
2 days ago
- Business
- Globe and Mail
Lockheed Secures a $720M Contract for JAGM & Hellfire Missiles
Lockheed Martin Corporation ( LMT ) recently secured a modification contract valued at $720.1 million to produce Joint Air-to-Ground Missiles (JAGM) and Hellfire missiles. The work related to this deal will be carried out in Ocala, FL, and is projected to be completed by Sept. 30, 2028. The award has been provided by the U.S. Army Contracting Command, Redstone Arsenal, AL. What's Favoring LMT Stock? With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has been rapidly increasing. This also includes growing investments in missiles and missile systems, which are crucial for warfare missions. Lockheed, as a prominent manufacturer of missiles and missile defense systems, has thus been witnessing a steady flow of orders from the Pentagon and other U.S. allies. The latest contract win is an example of that. Notably, LMT Hellfire is a multipurpose missile capable of defeating a broad target set. On the other hand, JAGM is a next-generation missile that combines the capabilities of LMT's Hellfire and LONGBOW missiles into one system, providing multi-domain combat solutions. The aforementioned missiles' viability in the defense industry ushers in solid order flow for Lockheed, like the latest one, further reflecting the solid demand that they boast in the missile market. LMT Stock's Growth Prospects Rising military conflicts, terrorism and border disputes have led nations to increase their focus on national security, particularly on missile defense systems, backed by the rapid development of advanced missile technologies over the last decade. This is likely to have prompted Mordor Intelligence to forecast a compound annual growth rate of 5% for the missiles and missile defense systems market during the 2025-2030 time period. This should benefit Lockheed, with its Missile and Fire Control unit being a recognized developer of high-performance missiles. The unit pursues business in more than 50 countries worldwide. Some of its major programs are the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense air and missile defense programs as well. Its prominent missiles include the Precision Strike Missile and the Long Range AntiShip Missile. Prospects of LMT's Peers Other defense companies that are likely to enjoy the perks of the expanding missiles and missile system market have been discussed below. Northrop Grumman Corporation ( NOC ): Northrop Grumman provides high-speed, long-range strike weapons like the AARGM-ER, which is a supersonic, air-launched tactical missile system. It also develops and builds advanced missile defense technology, ranging from command systems to directed energy weapons, advanced munitions and powerful sensors. RTX Corporation ( RTX ): It is known for its missile defense systems like the Patriot and SM-6, which are in high demand globally. RTX also provides advanced sensors and interceptors to identify, track and defeat threats as part of a layered missile defense. The Boeing Company ( BA ): It manufactures various missile defense systems, including the Ground-based Midcourse Defense, Aegis Ballistic Missile Defense and Avenger. Boeing-built and supported air and missile defense systems have been protecting its customers for nearly 25 years against threats ranging from intercontinental ballistic missiles to hostile aircraft. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days 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 Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report
Yahoo
08-03-2025
- Yahoo
U.S. Army AH-64 Apaches Armed With Israeli Spike Missiles Now Flying in Iraq
U.S. Army AH-64 Apache attack helicopters are now flying in Iraq carrying Israeli-made Spike NLOS (Non-Line Of Sight) missiles. This appears to be the first time Army AH-64s have deployed to an active conflict zone with these weapons. Spike NLOS offers significantly greater reach against targets on land and at sea, as well as enhanced employment flexibility, over the AGM-114 Hellfires and AGM-179 Joint Air-to-Ground Missiles (JAGM) that are also in the arsenal of Army Apaches. The Army released a set of images of an AH-64 assigned to the 101st Airborne Division armed with Spike NLOS missiles at Erbil International Airport in Iraq's northern semi-autonomous Kurdish region earlier today. All of the pictures were taken on March 5. Erbil is a major hub for U.S. military operations in Iraq and elsewhere in the region. The U.S. Air Force had previously released pictures showing a C-17A Globemaster III cargo plane delivering AH-64s from the 101st Airborne Division's 101st Combat Aviation Brigade to an undisclosed location in the Middle East last month. The Army also released pictures recently showing Spike NLOS-armed Apaches assigned to the 12th Aviation Brigade taking part in Exercise Allied Spirit '25 in Germany. At least one of those images looks to have been subsequently taken offline for unclear reasons. Spike NLOS has been in service with the Israel Defense Force (IDF) since the 1980s. The missile, which is fired from ground and aerial platforms from a rectangular launch canister, has been improved upon multiple times since then. The current generation version can hit targets up to 20 miles away, according to manufacturer Rafael. For comparison, the variants the Hellfire and JAGM that the Apache can also fire have maximum ranges under 10 miles, but normal engagement distances are usually closer than that. Hellfires and JAGMs with tripled and doubled ranges, respectively, have been tested. Spike NLOS also offers a multi-mode guidance system that can hit fixed targets based on a set of coordinates or be employed using the man-in-the-loop (MITL) control method. In the latter mode, the operator 'sees' what the missile does throughout the entire course of flight via an infrared camera in the weapon's nose, and can manually make fine adjustments in the terminal phase. With the exception of the millimeter wave radar guided AGM-114L Longbow Hellfire, all known Hellfire variants are laser guided. JAGM features laser and millimeter wave radar guidance. Spike NLOS can also loiter for a short period of time while the operator looks for targets. The ability to hit targets behind cover is also a major feature of Spike NLOS. As TWZ has previously explained: 'This gives Spike-NLOS incredible accuracy, even against moving targets, and enables it to find its mark in bad weather or in parts of the battlefield obscured by smoke and dust, which could disrupt traditional laser or imaging seeker systems. As the weapon's name implies, it also offers a way for the launch platform to engage targets beyond-line-of-sight, while also remaining as hidden as possible, especially when coupled with targeting information from off-board platforms. It also offers the operator a greater ability to more significantly shift the weapon's point of impact, even very late in flight, should circumstances on the ground change, such as the sudden appearance of innocent bystanders in the target area. The weapon can even be used to search for and kill targets of opportunity far from where the launch platform is located. Regardless, the missile offers the launch platform huge flexibility and a big boost in survivability.' 'The Army has already demonstrated the potential value of these capabilities in earlier testing. In August 2019, an Apache hiding on one side of a 1,600-foot-tall mountain at Yuma Proving Ground in Arizona hit a surrogate for a Russian-made Pantsir-S1 point air defense system on the opposite slope with a Spike-NLOS. The helicopter remained largely concealed from and out of range of this simulated threat the entire time. An unspecified unmanned aircraft was used to first spot the target and then observe the strike.' The Army has also successfully demonstrated the ability of an Apache to destroy a small boat with a Spike NLOS, something TWZ was first to report. The picture of the AH-64 with the Spike NLOS missiles in Iraq also shows that the helicopter has the Manned-Unmanned Teaming-Extended (MUMT-X) system mounted on top of its rotor mast. MUMT-X is a communications and data-sharing array primarily designed to allow Apache crews to control uncrewed aircraft like the MQ-1C Gray Eagle, as well as pipe in the feeds from their sensors. This, in turn, can help Apaches find and target enemy forces, as well as just improve their overall situational awareness and avoid threats. You can read more about MUMT-X here. Whether or not the MUMT-X system can play any role now in the employment of Spike NLOS is unknown. The AH-64 in Iraq armed with these missiles also has a 'bucket-style' antenna for the Spike control datalink on its left stub wing. This has been a standard feature on Israeli Apaches that carry Spike for decades. Exactly when the Army began fielding Spike NLOS operationally on its AH-64s is unclear, but the service had previously said it expected to reach that milestone by the end of last year. The Army had decided to field the missile on a limited basis as an interim solution to a requirement for a Long Range Precision Munition for its Apaches back in 2020. The Army is still looking into other options, including air-launched loitering munitions, to expand the ability of its Apaches to engage targets at extended ranges. Concerns about increasingly more capable and longer-ranged air defense threats have been a major driver behind these efforts. The ongoing war in Ukraine has provided particularly good examples of the continuing value of attack helicopters, but also of their vulnerability on modern battlefields. The U.S. Marine Corps is now working to extend the lethal reach of its AH-1Z Viper attack helicopters for many of the same reasons. With Spike NLOS, the Army has already given its Apache fleets, including ones now flying in Iraq, the ability to very accurately attack targets much further away than they could previously. Contact the author: joe@
