【dust for chicken mites】Lockheed Martin (LMT) Wins $1B Deal for Super Hercules Fleet
Per major media sources,dust for chicken mites
Lockheed Martin Corp
. LMT recently secured a $1-billion deal for delivering five C-130J-30 Super Hercules transport aircraft to the military of New Zealand. Further, Lockheed Martin’s Aeronautics division will deliver a full mission flight simulator and other supporting infrastructure as New Zealand’s military seeks to replace its existing aircraft fleet.
The company will deliver the first of the new Super Hercules aircraft in 2024, with the full fleet operating from 2025.
The New C-130J Specifics
As the world’s premier tactical airlifter, the Super Hercules features tremendous lift capacity, long-range and austere landing field capabilities. Rolls-Royce’s RYCEY AE 2100D3 engines and six-bladed Dowty Aerospace R391 composite propellers from General Electric GE improve the aircraft’s performance over legacy C-130 jet. The Super Hercules worldwide fleet has more than 2 million flight hours and is the airlifter of choice for 20 nations.
The new Super Hercules aircraft will be able to carry heavier payloads and will possess advanced capabilities, including wide bandwidth, to enable real-time data streaming. These new aircraft will also be featuring infrared cameras and high-speed satellite communications.
Our View
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments are attributable to defense players like Lockheed Martin and Textron TXT, as both are pioneers in manufacturing tactical military rotorcraft.
Notably, the aforementioned contract secured by Lockheed Martin is indicative of solid revenue growth prospects for its Aeronautics business segment, which comprises the C-130 Hercules program. Notably, during first-quarter 2020, revenues in this unit increased 14.1% year over year. We may expect this unit to generate similar solid performance in the coming days, backed by contract wins like the latest one.
Per Research and Markets firm, the global military rotorcraft market is expected to see a CAGR of 4.28%, to $30.7 billion by 2028, from 2018. Such growth can be attributed to the need for replacing aging fleets and enhancing capabilities in the longer run. This, in turn, should boost further demand for Lockheed Martin’s Super Hercules aircraft and enable it to benefit from the expanding global rotorcraft market.
Price Movement and Zacks Rank
In a year’s time, shares of this Zacks Rank #3 (Hold) company gained 14.5% against the industry’s 20.8% decline. You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Story continues
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks 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
Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
General Electric Company (GE) : Free Stock Analysis Report
Textron Inc. (TXT) : Free Stock Analysis Report
RollsRoyce Holdings PLC (RYCEY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
View comments
下一篇:Outcrop Gold Confirms High Grade Gold & Silver Megapozo Target at Santa Ana
相关文章:
- How Does Duluth Holdings's (NASDAQ:DLTH) P/E Compare To Its Industry, After The Share Price Drop?
- Deutsche Bank finally reported an annual profit, but all anyone cares about are merger rumors
- A Holistic Look At Zurich Insurance Group AG (VTX:ZURN)
- BRIEF-Bros Eastern Posts Unaudited Losses From Cotton Futures, Net Profit Before Tax To Reduce
- Harvard and Yale Are No Match for the Bears
- How Does China Maple Leaf Educational Systems Limited (HKG:1317) Affect Your Portfolio Volatility?
- Social Security's Worrisome Lesson From the Government Shutdown
- Deutsche Bank CEO says sees profit increase in 2019 vs 2018
- The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Liberty Oilfield Services Inc. (LBRT)
- Does Hewlett Packard Enterprise Company’s (NYSE:HPE) P/E Ratio Signal A Buying Opportunity?
相关推荐:
- Is Husqvarna AB (publ) (STO:HUSQ B) An Attractive Dividend Stock?
- With A 4.6% Return On Equity, Is Kilitch Drugs (India) Limited (NSE:KILITCH) A Quality Stock?
- Why the Earnings Surprise Streak Could Continue for Steel Dynamics (STLD)
- Do Insiders Own Shares In Alcidion Group Limited (ASX:ALC)?
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit AeroSystems Holdings, Inc. - SPR
- At US$36.89, Is AAR Corp. (NYSE:AIR) Worth Looking At Closely?
- Deutsche Telekom sues German government over 5G auction - Welt
- Rush to stockpile sweeps UK factories ahead of Brexit: PMI
- Oprah tour driving Weight Watchers memberships
- 'America's Got Talent' Alum Madilyn Bailey Just Delivered Her Debut Album — and a Baby Girl Is Next (Exclusive)
- (APC) INVESTOR ALERT - Anadarko Petroleum Corporation - Bronstein, Gewirtz & Grossman, LLC Notifies Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: April 20, 2020
- Before You Buy Youngevity International, Inc. (NASDAQ:YGYI), Consider Its Volatility
- Air Filters Case Study: Camfil Filters Provide Significant Energy Savings for a Leading American Frozen Food Manufacturer
- The Wizz Air Holdings (LON:WIZZ) Share Price Has Gained 160%, So Why Not Pay It Some Attention?
- Bitcoin Sees Record Number of Active Users as Price Almost Hits $20K
- CORRECTED-Fed's Evans says U.S. should support workers who lose pay if coronavirus worsens
- Vaccines Market Worth $62.2 Billion by 2027, Growing at a CAGR of 5.2% from 2019- Global Opportunity Analysis and Industry Forecasts by Meticulous Research®
- Bank of Montreal: More Upside After a Significant Gain?
- Gold ETFs Attain Record YTD Inflows Amid Global Uncertainties
- Euro zone manufacturing collapses in April as virus spreads -PMI