Latest news with #PatriotAdvancedCapability-3
Yahoo
04-04-2025
- Business
- Yahoo
Lockheed Martin Secures a Contract to Manufacture LRASM
Lockheed Martin Corporation LMT recently secured a modification contract valued at $13.3 million for the production of Long-Range Anti-Ship Missile's (LRASM) ninth lot. The award has been provided by the Air Force Life Cycle Management Center, Eglin Air Force Base, work related to this deal will be carried out in Orlando, FL, and is projected to be completed by Dec. 31, 2028. The latest modification brings the total value of the contract to $5.19 billion. Lockheed Martin's LRASM is a precision-guided intelligent anti-ship missile designed to prevent a variety of surface threats at very long ranges. It can navigate semi-autonomously to a target and deliver a precise payload from a safe standoff notable features must have enabled Lockheed Martin to secure a number of contracts for these missiles from the Pentagon and other U.S. allies, the latest contract being an example of that. 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 is likely to have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 5% for the global missiles and missile defense systems market during the 2025-2030 time market projections offer solid growth opportunities for Lockheed Martin, 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 (PAC-3) and Terminal High Altitude Area Defense (THAAD) air and missile defense programs, in addition to the LRASM. Other defense companies that are likely to enjoy the perks of the expanding global missiles and missile defense system market have been discussed 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 company's long-term (three to five years) earnings growth rate is 4.2%. The Zacks Consensus Estimate for NOC's 2025 sales indicates year-over-year growth of 3%.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 company's long-term earnings growth rate is 9.7%. The Zacks Consensus Estimate for RTX's 2025 sales indicates year-over-year growth of 4.4%.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 company has a long-term earnings growth rate of 17.4%. The Zacks Consensus Estimate for BA's 2025 sales indicates year-over-year growth of 25.7%. Shares of LMT have lost 0.2% in the past year against the industry's 13.3% growth. Image Source: Zacks Investment Research LMT currently carries a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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
Korea Herald
04-04-2025
- Politics
- Korea Herald
US Patriot missile batteries in S. Korea to be temporarily deployed to Middle East
South Korea and the United States have recently agreed on a plan to temporarily deploy Patriot missile defense batteries from the South to the Middle East, sources said Friday, amid speculation over a potential shift in the role of the US Forces Korea. The allies agreed last month on the "monthslong" partial deployment of the Patriot Advanced Capability-3, the first known case involving the relocation of USFK assets to the Middle East, according to the sources. The missiles work alongside South Korea's own air defense assets in a multilayered missile defense system against North Korea's missile and nuclear threats, according to the sources. The rare move comes after US broadcaster NBC News reported last week that US Defense Secretary Pete Hegseth has authorized at least two Patriot missile defense batteries from Asia to be moved to the Middle East as the US takes military action against Yemen's Houthi rebels. But it also comes amid growing concerns here that Washington may demand that Seoul further shoulder the cost of the upkeep of the USFK or reconsider the role of US troops in South Korea as US President Donald Trump takes a "transactional" approach to alliances. The USFK reaffirmed its ironclad commitment to the Korean Peninsula, without providing further details, citing internal policy, when asked about the latest deployment. "USFK will temporarily deploy personnel and equipment from the Republic of Korea as part of a rotational deployment," it said in a statement. "USFK will still maintain a ready, capable, and lethal force on the Korean peninsula prepared to respond to any contingency." (Yonhap)
