Tag: Aerospace and Defense

Leonardo shares edged higher Wednesday after the Italian aerospace-and-defense group posted orders and earnings above analysts’ expectations for the first quarter, led by growth at its core defense electronics and security business as geopolitical tensions persist.

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Huntington Ingalls reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.

Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

Boeing reported a narrower loss and lower cash burn than analysts feared.

GE Aerospace reported a confusing quarter Tuesday morning that still included results from GE Vernova.

Lockheed Martin beat Wall Street’s first-quarter sales and earnings estimates in a strong start to 2024.

Aerospace and defense major RTX on Tuesday beat first-quarter earnings estimates, helped by demand for missile defense systems and strength in the commercial aftermarket business.

Lithuania signed a protocol of intention with Germany’s Rheinmetall on Tuesday to build an ammunition factory in the Baltic state, the country’s government said on Tuesday.

 Lockheed Martin said on Thursday it had won a contract worth up to $4.1 billion from the U.S. government’s Missile Defense Agency to continue the development of its battle command system.

Delta swung to a profit in the first quarter with record sales for the period.

General Electric on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.

Czech gunmaker Colt CZ Group said on Tuesday it had sold all its shares in U.S. sporting and outdoor products group Vista Outdoor after a rejected bid last year, as it turned focus to its planned acquisition of another group.

Boeing stock rose after the company announced that CEO Dave Calhoun is stepping down at the end of 2024.

German arms manufacturer Rheinmetall expects record sales and increased profitability this year, as the war in Ukraine drives up defence spending in the NATO bloc in a trend set to buoy the company for years to come, it said on Thursday.

Italy’s Leonardo (LDOF.MI), opens new tab will invest in digitalisation, artificial intelligence and interconnected platforms over the next five years as it focuses on security activities, the defence group said on Tuesday.

Abu Dhabi’s Etihad Airways is gearing up for a potential Initial Public Offering after increasing revenue in 2023 on the back of a 40% boost in passenger numbers.

Vista Outdoor Inc.’s stock fell slightly early Monday, after the maker of sports and outdoor products including ammunition said its board has rejected an unsolicited bid from MNC Capital offering to acquire the company for $35 a share in cash.

General Electric will split into two companies in early April—a jet engine business called GE Aerospace and a power generation business called GE Vernova.

Taser maker Axon Enterprise (AXON.O), on Tuesday forecast full-year revenue ahead of Wall Street estimates, banking on strong demand for its software products and recently launched Taser 10.