Latest news with #armoredvehicles
Bloomberg
2 days ago
- Automotive
- Bloomberg
Germany Prepares Tank Order to Boost NATO Forces
Germany is understood to be considering purchasing up to 2,500 armored fighting vehicles and as many as 1,000 battle tanks as part of a joint European effort to create new NATO brigades to deter Russia. The North Atlantic Treaty Organization has asked Germany to contribute as many as seven combat brigades to the alliance within the next decade. The fighting vehicles and tanks, if approved, would equip these forces, people familiar with the matter said on condition of anonymity.
Bloomberg
2 days ago
- Automotive
- Bloomberg
Germany Prepares €25 Billion Tank Order to Ramp Up NATO Brigades
Germany is considering purchasing up to 2,500 armored fighting vehicles and as many as 1,000 battle tanks as part of a joint European effort to create new NATO brigades to deter Russia, according to people familiar with the matter. The North Atlantic Treaty Organization has asked Germany to contribute as many as seven combat brigades to the alliance within the next decade. The fighting vehicles and tanks, if approved, would equip these forces, people familiar with the matter said on condition of anonymity. The ramp-up reflects growing concern among allies about heightened Russian hostility since Moscow's full-scale invasion of Ukraine.
Bloomberg
5 days ago
- Business
- Bloomberg
Renk CEO Says Europe Defense Firms Must Consolidate to Compete
Europe's defense industry must consolidate to boost competitiveness as it ramps up production of tanks and other key machinery needed by the region's militaries, Renk Group AG Chief Executive Officer Alexander Sagel said. 'If you look at main battle tanks, if you look at armored personnel carriers, we have a lot of different types of platforms in Europe,' Sagel said Tuesday in an interview with Bloomberg Television. 'It's mandatory and it's absolutely important to have consolidation.'
Globe and Mail
24-06-2025
- Automotive
- Globe and Mail
General Dynamics' Arm Secures $621M Contract to Aid SGT Stout Program
General Dynamics ' GD business unit, General Dynamics Land Systems, recently clinched a $621.1 million worth modification contract to provide systems, parts, services and support for the SGT Stout program. The award has been offered by the Army Contracting Command, Redstone Arsenal, AL. The contract is expected to be completed by Sep. 29, 2028. Significance of GD's SGT Stout Program General Dynamics' SGT Stout is an armored vehicle capable of strengthening the U.S. Army's short-range air defense (SHORAD) dominance. Built on the advanced Stryker A1 chassis, the vehicle delivers a lethal and mobile solution against a wide range of aerial threats. With integrated target-acquisition systems and compatibility with the Army's Integrated Air and Missile Defense command systems, the SGT Stout enhances operational effectiveness in Multi-Domain Operations. These advanced features likely drive its growing demand, reflected in the latest contract win. Growth Prospects for General Dynamics Rising geopolitical tensions, defense modernization programs, increased military spending across nations, along with advancements in armored technology, mobility and survivability features, have been driving the demand for combat vehicles worldwide. This must have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 5% for the global armored fighting vehicles market during the 2025-2030 time period. This is likely to benefit General Dynamics, a prominent contractor in the combat vehicles market. Its Land Systems unit is a prominent forerunner in a wide range of armored vehicles, like the M1 Abrams main battle tank, the Stryker family of eight-wheeled armored fighting vehicles, the Light Armored Vehicle (LAV) family and the Ajax family of armored fighting vehicles. Opportunities for Other Defense Stocks Other defense companies that are likely to enjoy the perks of the expanding global armored fighting vehicles market have been discussed below. RTX Corporation RTX: RTX's XM30 Combat Vehicle is a next-generation tracked and armored fighting vehicle designed to meet the crucial problems of the future battlefield. It offers unrivaled troop protection and incorporates technology to keep men and women in armor ahead of the enemy. RTX has a long-term earnings growth rate of 9.3%. The Zacks Consensus Estimate for RTX's 2025 sales indicates year-over-year growth of 4.2%. Textron Inc. TXT: Textron's COMMANDO armored vehicle series offers the best combination of combat-proven lethality, survivability, mobility and sustainability. This vehicle can also be used as an ambulance, armored personnel carrier or support utility vehicle in a variety of configurations. Textron has a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for TXT's 2025 sales indicates year-over-year growth of 6.6%. BAE Systems BAESY: BAESY has a diverse portfolio of combat vehicles, including CV90 Armadillo, ADAPTIV, M109A7, BvS10 and many more. Its M88 HERCULES family of vehicles enhances the performance, survivability and responsiveness of the combat-proven M88A2 armored vehicle. BAE Systems has a long-term earnings growth rate of 13.4%. The Zacks Consensus Estimate for BAESY's 2025 sales indicates year-over-year growth of 62.6%. GD Stock's Price Movement Shares of GD have gained 2.8% in the past month compared with the industry 's 4.8% growth. GD's Zacks Rank GD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> 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 General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report
