Latest news with #NorthropGrumman
TechCrunch
13 hours ago
- Business
- TechCrunch
Space Force bets on commercial entrants in $4B satcom contest
American warfighters need jam-proof communications, and the Space Force is planning to spend hundreds of millions to ensure they have them. As part of that effort, the service established the Protected Tactical Satcom program to build out secure battlefield communications via satellites. The Space Force has already awarded contracts to defense primes Boeing and Northrop Grumman to develop prototype payloads for satellites heading to far-away geostationary orbit. Now, the program is entering a new phase. On Tuesday, the Space Force awarded five additional contracts for the design and demonstration of purpose-built satellites to provide jam-resistant comms to tactical forces. The winners include previous winners Boeing, Northrop Grumman, Viasat, and Intelsat, plus a relative newcomer: Astranis, a venture-backed startup based in San Francisco. (Intelsat will buy its satellite bus from K2 Space, another venture-backed startup.) The initial awards are relatively small, totaling $37.3 million combined. But the program has a $4 billion award ceiling, so the winners could sign on to a much more lucrative defense deal. Each firm will develop its architectures through January 2026. After that, the Space Force will select one design and award an additional contract for the first satellite, with a launch planned in 2028. Additional production awards will be doled out, also in 2028. The PTS-G contracts are a notable departure from how the military has historically procured geostationary satellites, which have typically had extremely long timelines from contract award to launch, and would cost hundreds of millions to over a billion dollars per spacecraft. In contrast, the Space Force is clearly trying to leverage the speed of commercial entrants and encourage competition by selecting multiple vendors for the initial phase of the program. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW 'Our PTS-G contract transforms how SSC acquires SATCOM capability for the warfighter,' program executive officer Cordell DeLaPena Jr. said in a news release. 'The incorporation of commercial baseline designs to meet military capability significantly enhances the Space Force's speed and efficiency to add capability to meet emerging threats.'
Globe and Mail
a day ago
- Business
- Globe and Mail
ETFs in Focus in Light of Aerospace & Defense Q2 Earnings Boost
The uptrend in the Aerospace & Defense industry is mapped by the performance of the S&P Aerospace & Defense Select Industry Index, which has added 33% year to date, surpassing the S&P 500's 8.9% gain in the same period. The increase in military spending by global economies gives a significant boost to the U.S. Aerospace – Defense Industry. According to Statista, between 2020 and 2024, the United States commanded about 43% of the global market share, maintaining its position as the world's largest exporter of major weapons. Below, we highlight Q2 earnings results of a few renowned U.S. Aerospace – Defense Industry players. Earnings in Focus Northrop Grumman Northrop Grumman Corporation NOC reported second-quarter 2025 adjusted earnings of $7.11 per share, which beat the Zacks Consensus Estimate of $6.71 by 6%. Including one-time items, the company reported GAAP earnings of $8.15 per share, which improved 28% from the year-ago quarter's reported number of $6.36. The year-over-year improvement can be attributed to strong segment operating performance and a net after-tax benefit related to the divestiture of the company's training services business. The company's total sales of $10.35 billion in the second quarter beat the Zacks Consensus Estimate of $10.06 billion by 2.9%. The top line also rose 1.3% year over company updated its 2025 guidance. NOC now expects its revenues in the range of $42.05-$42.25 billion, narrower than the previous guidance in the band of $42.00-$42.50 billion. NOC now expects adjusted earnings in the band of $25.00-$25.40 per share, higher than its earlier guided band of $24.95-$25.35. RTX Corporation RTX Corporation 's RTX second-quarter 2025 adjusted earnings per share of $1.56 beat the Zacks Consensus Estimate of $1.45 by 7.6%. The bottom line also improved 10.6% from the year-ago quarter's level of $1.41, driven by growth in adjusted operating profit. RTX's second-quarter sales totaled $21.58 billion, which surpassed the Zacks Consensus Estimate of $20.53 billion by 5.1%. The top line also surged a solid 9.4% from $19.72 billion recorded for the second quarter of 2024. Lockheed Martin Lockheed Martin Corporation LMT reported second-quarter 2025 adjusted earnings of $7.29 per share, which beat the Zacks Consensus Estimate of $6.49 by 12.3%. The bottom line increased 2.5% from the year-ago quarter's reported figure of $7.11. Including one-time items, the company reported GAAP earnings of $1.46 per share, lower than the prior-year quarter's recorded earnings of $6.85. The year-over-year deterioration in earnings was mainly due to lower consolidated operating profit generated in the second quarter of 2025 compared to the prior-year quarter. Net sales were $18.16 billion, which missed the Zacks Consensus Estimate of $18.56 billion by 2.2%. The top line, however, inched up 0.2% from $18.12 billion reported in the year-ago quarter. The company partially updated its 2025 guidance. Lockheed still expects to generate sales in the range of $73.75-$74.75 billion in 2025. ETFs to Consider The aerospace and defense industry maintains a moderately optimistic outlook. Given the current geopolitical climate, the trend of rising military spending is likely to persist. For investors looking to take a bet on Q2 results as well as a continued surge in military spending, the following Aerospace – Defense ETFs provide a great opportunity. Investors can consider iShares U.S. Aerospace & Defense ETF ITA, Invesco Aerospace & Defense ETF PPA, SPDR S&P Aerospace & Defense ETF XAR, Global X Defense Tech ETF SHLD and U.S. Global Technology and Aerospace & Defense ETF WAR. Boost Your Portfolio with Our Top ETF Insights Zacks' exclusive Fund Newsletter delivers actionable information, top news and analysis, as well as top-performing ETFs, straight to your inbox every week. Don't miss out on this valuable resource. It's free! Get it now >> 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 Northrop Grumman Corporation (NOC): Free Stock Analysis Report Global X Defense Tech ETF (SHLD): ETF Research Reports iShares U.S. Aerospace & Defense ETF (ITA): ETF Research Reports Invesco Aerospace & Defense ETF (PPA): ETF Research Reports SPDR S&P Aerospace & Defense ETF (XAR): ETF Research Reports RTX Corporation (RTX): Free Stock Analysis Report
Yahoo
2 days ago
- Business
- Yahoo
Analyst Think Rtx (RTX) Among Top Beneficiaries of Increasing Defense Budgets
Rtx Corp (NYSE:RTX) is one of the . Citi's Jason Gursky said in a recent program on CNBC that increasing defense budgets in the US and Europe are likely to help several major defense companies, including Rtx Corp (NYSE:RTX). 'It's hard not to like both defense and aerospace. Heading into earnings next week, we're particularly constructive on defense names. Rising budgets in the U.S. and Europe are providing strong visibility for these companies.' Asked which companies stand to benefit the most from Congress's defense policy bill, the analyst named Rtx Corp (NYSE:RTX) among the companies positioned to benefit 'front and center.' 'Honestly, I think it's a rising tide for everyone. But if you look at the president's priorities—air and missile defense, Iron Dome, etc.—the key beneficiaries are the missile makers. RTX and Northrop are front and center.' Photo by Somchai Kongkamsri from Pexels ClearBridge Large Cap Value Strategy stated the following regarding RTX Corporation (NYSE:RTX) in its Q1 2025 investor letter: 'In industrials, defense names RTX Corporation (NYSE:RTX) and Northrop Grumman led performance as geopolitical tensions remained elevated. Both companies have moved away from fixed-price contracts, and as those contracts have diminished as parts of their business, should see margin expansion over the next few years. European countries have also pledged to increase their spending on defense, which, given the lack of capacity available for European defense companies, should benefit U.S. defense primes.' While we acknowledge the potential of RTX 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Northrop Grumman Corporation (NOC) Has Strong Worldwide Sales, Says Jim Cramer
We recently published . Northrop Grumman Corporation (NYSE:NOC) is one of the stocks Jim Cramer recently discussed. Northrop Grumman Corporation (NYSE:NOC) is a well-known defense contractor with a presence in the aircraft and missile industries. Its shares have gained 22% year-to-date, helped in large part by an 11% jump in July. Northrop Grumman Corporation (NYSE:NOC)'s stock soared due to its second-quarter earnings report, which saw the firm raise its midpoint full-year profit-per-share forecast to $25.20 from an earlier $25.15. The firm's $10.35 billion in revenue also beat analyst estimates of $10.07 billion. In his previous remarks about Northrop Grumman Corporation (NYSE:NOC), Cramer called the firm catastrophic after its Q1 results. This time, he struck a different tone: 'And Northrop Grumman, for worldwide sales. So we're seeing a lot of bifurcation in a lot of different industries.' Here's what Cramer said about Northrop Grumman Corporation (NYSE:NOC) after its Q1 results: 'Finally, there's Northrop Grumman, which was the dud of the day, reporting a severe top and bottom line miss for the first quarter, and cutting its full year earnings forecast pretty substantially. Now there's some important context here. Both the miss and the forecast cut were related to Northrop Grumman's next-generation B-21 bomber program. They're taking a hit on the higher cost as they try to ramp up production. Photo by NASA on Unsplash That said, even if you add that back, the impact from the B-21 charge, Northrop Grumman still would've missed the sales and earnings estimate. It just would've been a smaller disappointment. These Northrop Grumman results simply weren't up to snuff, so the stock had its worst day since 2008 today, falling $67 or nearly 13%. This one's now in the penalty box.' While we acknowledge the potential of NOC 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Northrop Grumman Corporation (NOC) Has Strong Worldwide Sales, Says Jim Cramer
We recently published . Northrop Grumman Corporation (NYSE:NOC) is one of the stocks Jim Cramer recently discussed. Northrop Grumman Corporation (NYSE:NOC) is a well-known defense contractor with a presence in the aircraft and missile industries. Its shares have gained 22% year-to-date, helped in large part by an 11% jump in July. Northrop Grumman Corporation (NYSE:NOC)'s stock soared due to its second-quarter earnings report, which saw the firm raise its midpoint full-year profit-per-share forecast to $25.20 from an earlier $25.15. The firm's $10.35 billion in revenue also beat analyst estimates of $10.07 billion. In his previous remarks about Northrop Grumman Corporation (NYSE:NOC), Cramer called the firm catastrophic after its Q1 results. This time, he struck a different tone: 'And Northrop Grumman, for worldwide sales. So we're seeing a lot of bifurcation in a lot of different industries.' Here's what Cramer said about Northrop Grumman Corporation (NYSE:NOC) after its Q1 results: 'Finally, there's Northrop Grumman, which was the dud of the day, reporting a severe top and bottom line miss for the first quarter, and cutting its full year earnings forecast pretty substantially. Now there's some important context here. Both the miss and the forecast cut were related to Northrop Grumman's next-generation B-21 bomber program. They're taking a hit on the higher cost as they try to ramp up production. Photo by NASA on Unsplash That said, even if you add that back, the impact from the B-21 charge, Northrop Grumman still would've missed the sales and earnings estimate. It just would've been a smaller disappointment. These Northrop Grumman results simply weren't up to snuff, so the stock had its worst day since 2008 today, falling $67 or nearly 13%. This one's now in the penalty box.' While we acknowledge the potential of NOC 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
