All articles tagged with #aerospace and defense
Originally Published 16 hours ago — by Reuters
Sweden will spend 15 billion Swedish crowns ($1.6 billion) on short-range air defence aimed at protecting civilians and critical infrastructure, a move tied to lessons from Russia's invasion of Ukraine; Defence Minister Pal Jonson says the systems will defend cities, bridges and power plants, while Prime Minister Ulf Kristersson criticizes U.S. rhetoric on Greenland and Denmark.
Originally Published 19 days ago — by Yahoo Finance
Starfighters Space (FJET) experienced a dramatic post-IPO surge with a 371% increase in one day and a year-to-date return of over 270%, but its financials raise red flags due to negative assets and ongoing losses, making its high valuation potentially overinflated and risky for investors.
Originally Published 2 years ago — by MarketWatch
Kaman Corp's stock surged 100% after agreeing to a $1.8 billion private acquisition by Arcline Investment Management, with a price of $46 per share, representing a 105% premium over its previous closing price. The aerospace and defense-components company's CEO stated that the deal followed a thorough evaluation of value creation opportunities, and the transaction is expected to close in the first half of the year.
Originally Published 2 years ago — by Seeking Alpha
RTX Corporation, a major component of the iShares U.S. Aerospace & Defense ETF (ITA), has seen its stock underperform this year despite positive Q2 earnings and increased guidance. The company faces challenges with its Pratt & Whitney segment, including inspections related to a rare powder metal condition affecting its GTF engines, which may impact earnings and free cash flow. The stock is currently testing support levels and technical indicators suggest a bearish trend. While valuation appears fair, the threat of negative headlines, downward EPS revisions, and stock downgrades pose risks.
Originally Published 2 years ago — by 2 News Oklahoma KJRH Tulsa
Governor Kevin Stitt and other Oklahoma officials are in France for the 2023 Paris Air Show, promoting Oklahoma's booming economy, growing workforce, and renowned aerospace and defense industry. The event attracts over 150,000 aerospace and defense executives, with many Oklahoma companies and organizations attending this year. Governor Stitt is meeting with companies interested in doing business with Oklahoma.