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Globe and Mail
08-07-2025
- Business
- Globe and Mail
Fresh Russia-Ukraine Feud Brings Spotlight on Lockheed
The long-standing war between Russia and Ukraine, particularly since Russia launched its full-scale invasion in February 2022, has once again intensified in recent weeks after ceasefire talks got largely stalled. With the United States being a key supplier of weapons to Ukraine, Lockheed Martin Corp. LMT stands to benefit from the recent escalation between the two nations, as a large portion of the weapons supplied to Ukraine are manufactured by it. In particular, Lockheed's Patriot missile system plays a critical role in defending Ukraine against Russian missile and drone attacks. Its advanced radar and interceptors have been used to shoot down Russian ballistic missiles, including hypersonic Kinzhal missiles. To this end, it is imperative to mention that in November 2024, Lockheed won a contract from the U.S. Army to support increasing the production capacity of its Patriot Advanced Capability – 3 (PAC-3) Missile Segment Enhancements (MSEs) to 650 per year, to meet the rapidly growing global demand for Patriot missiles. No doubt, a major portion of this demand is driven by Ukraine's heightened need for Patriots, which remain its most effective defense against Russian ballistic missiles. This surge in demand gets reflected in Lockheed's ongoing production ramp-up efforts, as evidenced by its 30% increase in PAC 3 output in 2024 and a further 20% expansion targeted for 2025. Apart from the Patriot missiles, the HIMARS (High Mobility Artillery Rocket System) is another Lockheed-built weapon used by Ukraine. Notably, Ukraine used almost 38 HIMARS to target Russian artillery, headquarters and troop concentrations in March 2025 (as per a Forbes report). Notably, LMT has already increased annual HIMARS production capacity from 48 to 60 and aims to further increase it to 96 by the end of 2025. With the recent escalation, the company may further enhance its production capacity for Patriots and HIMARS, thereby bolstering its revenue growth prospects. Other Stocks Warranting a Look Other defense stocks, such as RTX Corp. RTX and General Dynamics GD, which also supply and upgrade weapons for Ukraine, are expected to see heightened demand amid the recent escalation in Russia-Ukraine hostility. Notably, Ukraine utilizes NASAMS (National Advanced Surface-to-Air Missile System) against Russian cruise missiles. The NASAMS system consists of RTX's AN/MPQ-64 Sentinel radar, AMRAAM missile, AMRAAM-ER missile and AIM-9X missile. On the other hand, General Dynamics-built Abrams tanks have been supplied to Ukraine, which they have used against Russia in frontline operations. Furthermore, in March 2024, it was announced that the company's General Dynamics European Land Systems ('GDELS') unit is upgrading Spanish Leopard 2A4 tanks to ensure their operational readiness for use by Ukraine. The Zacks Rundown for LMT Shares of LMT have gained 1.9% in the past year compared with the industry 's 17.8% growth. The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 16.43X compared with its industry's average of 26.72X. The Zacks Consensus Estimate for LMT's 2025 and 2026 earnings has moved south over the past 60 days. LMT stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double" Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren't winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%. See Our Top Stock to Double (Plus 4 Runners Up) >> 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 Lockheed Martin Corporation (LMT): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
02-07-2025
- Automotive
- Yahoo
Oshkosh Defense Receives FHTV Orders to Support Army Transformation and Homeland Defense Efforts
OSHKOSH, Wis., July 02, 2025--(BUSINESS WIRE)--Oshkosh Defense LLC, an Oshkosh Corporation [NYSE: OSK] business, has received orders from the U.S. Army valued at $167 million for 225 trucks and 54 trailers under the Family of Heavy Tactical Vehicles contract. These orders reflect continued momentum for Oshkosh's heavy tactical vehicle portfolio and reinforce the company's role in supporting the Army's long-term modernization strategy. The vehicles will support multiple U.S. Army customers, including the National Guard, Reserve, and the Program Executive Office Missiles & Space (PEO MS) for the Indirect Fire Protection Capability (IFPC) system. The order includes HEMTT A4 variants and the autonomous-ready Palletized Load System (PLS) A2, positioning modernized Oshkosh platforms for integration with next-generation defense technologies. Some vehicles will be part of the development and fielding of advanced air defense systems that counter threats such as ballistic, hypersonic, and cruise missiles. "Through our valued partnership with the U.S. Army, we are proud to support the critical role of the National Guard and Reserve forces and enable the integration of next-generation defense capabilities," said Pat Williams, Chief Programs Officer at Oshkosh Defense. "These orders demonstrate the versatility of the FHTV fleet to fill diverse mission sets across all Army components and underscores Oshkosh's ability to deliver scalable, mission-ready solutions." As the Army continues its modernization and transformation efforts, Oshkosh remains committed to delivering high-performance tactical vehicles that meet evolving mission requirements. About Oshkosh Defense Oshkosh Defense is a global leader in the design, production and sustainment of best-in-class military vehicles, technology solutions and mobility systems. Oshkosh develops and applies emerging technologies that advance safety and mission success. Setting the industry standard for sustaining fleet readiness, Oshkosh ensures every solution is supported worldwide throughout its entire life cycle. Oshkosh Defense, LLC is an Oshkosh Corporation business [NYSE: OSK]. Learn more about Oshkosh Defense at About Oshkosh Corporation At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people's lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies. Forward Looking Statements This news release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company's control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company's ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company's next quarterly earnings conference call, if at all. View source version on Contacts Alexandra Hittle, Director, Global Marketing & Communications920-410-1929ahittle@ Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
24-06-2025
- Politics
- Yahoo
Purple Heart veteran shot in action self-deports after old drug charge resurfaces: ‘Can't believe this is happening in America'
A U.S. Army veteran, awarded the Purple Heart for injuries sustained in combat, has self-deported to South Korea after being informed he could no longer remain in America under President Donald Trump's hardline immigration policies. Sae Joon Park, 55, a green card holder who has lived in the U.S. since the age of seven, departed on Monday following a removal order stemming from drug possession and failure to appear in court charges from over 15 years ago. Park attributes these past offenses to years of untreated post-traumatic stress disorder (PTSD), which he developed after being wounded in action in Panama in 1989. 'I can't believe that this is happening in America,' Park told NPR in an interview before his departure. 'That blows me away, like a country that I fought for.' Having arrived in the U.S. from South Korea in the late 1970s, Park grew up in Los Angeles. Seeking direction, he enlisted in the U.S. Army after high school. 'I wanted direction and [to] better myself and maybe help serve the country,' he explained. At 20, he was deployed to Panama as part of the 1989 U.S. invasion to topple Manuel Noriega's regime. During a firefight, he was shot. 'I realized I was shot,' he recounted. 'So I'm thinking, 'Oh my God, I'm paralyzed.' And then thinking, 'Oh my God, I'm not just paralyzed. I'm dying right now.'' A bullet was miraculously deflected by his dog tag, saving his life. Upon his return to the U.S., Park received the Purple Heart. While his physical wounds healed, the psychological trauma persisted. Unaware at the time that he had PTSD, he did not seek professional help, leading him to turn to drugs to cope. "I had to find some kind of a cure for what I was going through," he told NPR. For much of his twenties and thirties, Park struggled with a crack cocaine addiction. An arrest for drug possession and a subsequent failure to appear in court led to charges that ultimately derailed his chances of naturalization or relief from deportation. 'I just couldn't stay clean,' he admitted. 'So finally, when the judge told me, 'Don't come back into my court with the dirty urine,' which I knew I would, I got scared and I jumped bail.' Although the U.S. offers expedited naturalization for veterans, Park was discharged before completing the required 12 months of service, and the Panama invasion was not officially recognized as a period of hostility, leaving him ineligible. Park served three years in prison starting in 2009, during which he lost his desire for drugs. After his release, he moved to Hawaii, found work, and focused on raising his son and daughter. Having completed his prison term, he was served with a removal order but was initially allowed to remain in the U.S. with annual check-ins with immigration officials. However, under the Trump administration, circumstances shifted this month. During a meeting with local Immigration and Customs Enforcement (ICE) officials in Hawaii, Park was informed he would be detained and deported unless he left voluntarily. He was given an ankle monitor and three weeks to arrange his affairs. 'People were saying, 'You took two bullets for this country. Like you're more American than most of the Americans living in America,'' he told Hawaii News Now. After spending his final days with friends and family, including his 85-year-old mother, whom he believes he may never see again, Park booked a flight to South Korea – a country he barely remembers from his childhood. Under the watchful eyes of ICE agents at Honolulu airport, he shared tearful goodbyes with his loved ones. Despite the profound circumstances of his departure from the country he fought for, Park remains resolute. 'Even after everything I went through, I don't regret joining the military or getting shot,' he said. 'It's part of my life, my journey. It's made me who I am today.'
Yahoo
20-06-2025
- Business
- Yahoo
Parsons announces $137M ceiling value contract for cyber operations
Parsons (PSN) announced that the company was awarded a $137M ceiling value contract by the Defense Threat Reduction Agency for cyber operations. The single award was issued under the Assessment, Exercise, Modeling and Simulation, and Support indefinite-delivery, indefinite-quantity multiple award task order contract with a one-year base period of performance and four one-year option periods plus one six-month option period and is new work for the company. Parsons will provide specialized cyber operations capabilities including cyber assessments and subject matter experts supporting cyber operations, development, analysis, and research. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on PSN: Disclaimer & DisclosureReport an Issue Parsons awarded $169.5M contract by U.S. Army Corps of Engineers Parsons awarded $94.5M ceiling value task order under ABAD IDIQ contract Parsons Secures New $1.2 Billion Financing Package Parsons management to meet with KeyBanc Parsons price target lowered to $80 from $90 at Goldman Sachs Sign in to access your portfolio
Yahoo
17-06-2025
- Politics
- Yahoo
Hillary Clinton's 'utter contempt' for troops under fire after attempting to mock Trump's military parade
Former Secretary of State Hillary Clinton's attempt to mock President Donald Trump's military parade honoring the 250th anniversary of the U.S. Army backfired on social media as conservatives and other critics lambasted her for allegedly holding "utter contempt" for the U.S. military, while others slammed her for spending the weekend in the Hamptons attending her former longtime aide's wedding while criticizing Trump. "This witch was a few votes away from becoming commander in chief. This is what she thinks of our military. Man, @BuzzPatterson was right. Hillary hates the troops," conservative X commentator Benny Johnson posted in response to Clinton's post Sunday. Clinton posted compare and contrast photos of Trump's military parade that was held on Washington's Constitution Ave. Saturday evening. Protesters nationwide held "No Kings Day" demonstrations in response to Trump's parade, and to denounce the Trump administration's ongoing deportation raids in left-wing cities. "Compare and contrast scenes from yesterday in America," Clinton posted to X Sunday. "On the one hand, Trump's low-energy Dear Leader parade (that cost you $45 million). On the other, millions of people across the country gathering peacefully to say: Here, we have no kings." White House Slams 'Utter Failure' Of Anti-trump Protests As America Celebrates Army's Historic Milestone Clinton's message was accompanied by photos of protests in Los Angeles and Houston, as well as two shots of the parade showing a military flyover showcasing the Washington Monument, and another picture showing a group of people watching the military parade's tanks chug down the street. Read On The Fox News App The administration reported that more than 250,000 people traveled to Washington for the Saturday parade, which fell on the same day as Trump's 79th birthday and Flag Day. While thousands of protesters in cities nationwide took to the streets to protest Trump in the "No Kings" demonstrations, which included violence spiraling amid the protests in some cities such as Portland, Oregon, and ongoing violence in Los Angeles. Conservatives and other critics slammed Clinton and her post for allegedly showing her dislike of the U.S. military. "Hillary Clinton hates the troops, bigtime," assistant director of Florida's Voice posted to X. "Utter contempt for the 250th birthday of the @USArmy," another critic posted in response to Clinton. "And, we don't have queens either. We have a duly-elected president…which you'll never be," author and retired Air Force Lt. Col. Buzz Patterson posted on X. More Americans Support Than Oppose Trump's Army Celebration Parade: Poll "If the only thing @realDonaldTrump ever did was stop Hillary from being President he would be the greatest American ever born," another critic posted. "Basically what you did in Benghazi shows how much respect you have for our military. You really should sit this one out," another X user posted. "We already have a "No kings" day, Hillary. It's called July 4th aka independence day, where we said no to a monarchy. This is the type of product of the public school system," an account called Jewish MAGA posted. Liberal Media Melts Down Over Trump's Military Parade Plan, Calling It 'Authoritarian' Other critics slammed Clinton for restricting replies to her post, while others pointed out that while Trump held a parade honoring the military, Clinton was in the Hamptons celebrating her longtime former aide Huma Abedin's wedding to Alex Soros, the son of left-wing billionaire donor George Soros. "On one hand you had shootings and riots .. On another hand, You had happy people celebrating the 250th Army Anniversary ... Your Point ? BTW: How was the Democrat Royal Wedding of Alex Soros and Huma Abedin?" one critic posted Sunday. 'The View' Co-host Says America's Troops Will Look Like North Koreans Marching Through Dc For Parade "How was the Soros wedding? Chilling with the liberal royalty sounds like fun on No Kings Day!" another critic posted. Clinton attended the Abedin–Soros wedding Saturday, which included other Democrat heavyweights, including Bill Clinton, Senate Minority Leader Chuck Schumer, former Vice President Kamala Harris — as well as her husband Doug Emhoff — and Pelosi attended the wedding, the New York Times reported. Other celebrities and high-profile attendees included Vogue's Anna Wintour, socialite Nicky Hilton Rothschild, and Albanian Prime Minister Edi Rama, the outlet reported, citing attendees. "I'm looking forward to being a witness to their marriage; to the celebration that we all are going to be part of; to seeing so many longtime friends gathered in one place to really enjoy being part of Huma and Alex's start of their married life," Hillary Clinton told Vogue of the wedding in an article published Saturday. "And I think we all could use some fun, so I'm looking forward to all of it." The wedding included a live performance from Boyz II Men, the vocal harmony group behind hits such as 1991's "Motownphilly," according to the Times, as well as toasts from Hillary Clinton, Wintour and the Albanian prime minister. Abedin wore two custom wedding dresses over the course of the day, Vogue reported. Fox News Digital reached out to Clinton's office for comment on the negative reactions, but did not immediately receive a article source: Hillary Clinton's 'utter contempt' for troops under fire after attempting to mock Trump's military parade
