We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights The Boeing Company, Textron, Lockheed and Northrop Grumman
Read MoreHide Full Article
For Immediate Release
Chicago, IL – January 16, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Boeing Company (BA - Free Report) , Textron Inc. (TXT - Free Report) , Lockheed (LMT - Free Report) and Northrop Grumman (NOC - Free Report)
Here are highlights from Friday’s Analyst Blog:
Bell-Boeing Secures Contract to Support V-22 Aircraft Program
Bell-Boeing, a joint venture (JV) between The Boeing Company and Bell Helicopter — a unit of Textron Inc. — recently secured a modification contract involving the V-22 aircraft. The Naval Air Systems Command, Patuxent River, MD has awarded the deal.
Details of the Deal
Valued at $23.4 million, the contract is expected to be completed by January 2024. Per the terms of the deal, Bell-Boeing will offer continued flight test support for the V-22 aircraft.
The contract will serve the U.S. Navy, Air Force, and Foreign Military Sales (FMS) customers. Work related to this deal will be executed in Patuxent River, MD.
Growing Jet Demand & V-22 Jets
A rapid increase in terror attacks has compelled nations to strengthen their arsenal and bump up their defense budget. With the United States being the largest exporter of defense equipment across the world, there is a steady flow of contracts for its combat-proven weaponry from both Pentagon and its foreign allies. With military jets and helicopters constituting a major portion of a nation's armaments, there is a steady flow of contracts for these.
Bell-Boeing's primary product, V-22 Osprey is a family of multi-mission, tiltrotor military aircraft with both vertical as well as short takeoff and landing capabilities. It is designed to combine the functionality of a conventional helicopter with the long-range, high-speed cruise performance of a turboprop aircraft. Notably, the CV-22 is a variant of the V-22 family of jets and helps conduct long-range infiltration, exfiltration and resupply missions for special operations forces.
Considering these features of the aforementioned family of tiltrotors and the growing demand for military aircraft, V-22 and its variants enjoy decent demand across the globe. The latest deal win is a bright example of that.
Jet Manufacturers' Prospects
Per a forecast made by Mordor Intelligence, the global military aviation market size is projected to register a CAGR of 5.4% during the 2022-2028 period. This surely is going to benefit major U.S. combat aircraft manufacturers like Bell-Boeing, Lockheed and Northrop Grumman, with North America dominating this market space.
Lockheed Martin is one of the pioneers in the combat aircraft space, with its product portfolio constituting some of the most advanced military aircraft like F-35, C-130, F-16, F-22 and a few more. Of these, F-35 is the company's largest program.
Lockheed boasts a long-term earnings growth rate of 6.2%. In the past year, the stock has gained 23.9%.
On the other hand, Northrop is a renowned manufacturer of autonomous and manned aircraft like MQ-4C Triton and Global Hawk. These jets are used for battle management, strike and intelligence, surveillance and reconnaissance.
Northrop boasts a long-term earnings growth rate of 3.3%. In the past year, the stock has gained 20.9%.
Price Movement & Zacks Rank
Textron's stock has gained 21% in the past six months compared with the industry's growth of 9.8%. Boeing's shares have surged 46.7% in the past six months.
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights The Boeing Company, Textron, Lockheed and Northrop Grumman
For Immediate Release
Chicago, IL – January 16, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Boeing Company (BA - Free Report) , Textron Inc. (TXT - Free Report) , Lockheed (LMT - Free Report) and Northrop Grumman (NOC - Free Report)
Here are highlights from Friday’s Analyst Blog:
Bell-Boeing Secures Contract to Support V-22 Aircraft Program
Bell-Boeing, a joint venture (JV) between The Boeing Company and Bell Helicopter — a unit of Textron Inc. — recently secured a modification contract involving the V-22 aircraft. The Naval Air Systems Command, Patuxent River, MD has awarded the deal.
Details of the Deal
Valued at $23.4 million, the contract is expected to be completed by January 2024. Per the terms of the deal, Bell-Boeing will offer continued flight test support for the V-22 aircraft.
The contract will serve the U.S. Navy, Air Force, and Foreign Military Sales (FMS) customers. Work related to this deal will be executed in Patuxent River, MD.
Growing Jet Demand & V-22 Jets
A rapid increase in terror attacks has compelled nations to strengthen their arsenal and bump up their defense budget. With the United States being the largest exporter of defense equipment across the world, there is a steady flow of contracts for its combat-proven weaponry from both Pentagon and its foreign allies. With military jets and helicopters constituting a major portion of a nation's armaments, there is a steady flow of contracts for these.
Bell-Boeing's primary product, V-22 Osprey is a family of multi-mission, tiltrotor military aircraft with both vertical as well as short takeoff and landing capabilities. It is designed to combine the functionality of a conventional helicopter with the long-range, high-speed cruise performance of a turboprop aircraft. Notably, the CV-22 is a variant of the V-22 family of jets and helps conduct long-range infiltration, exfiltration and resupply missions for special operations forces.
Considering these features of the aforementioned family of tiltrotors and the growing demand for military aircraft, V-22 and its variants enjoy decent demand across the globe. The latest deal win is a bright example of that.
Jet Manufacturers' Prospects
Per a forecast made by Mordor Intelligence, the global military aviation market size is projected to register a CAGR of 5.4% during the 2022-2028 period. This surely is going to benefit major U.S. combat aircraft manufacturers like Bell-Boeing, Lockheed and Northrop Grumman, with North America dominating this market space.
Lockheed Martin is one of the pioneers in the combat aircraft space, with its product portfolio constituting some of the most advanced military aircraft like F-35, C-130, F-16, F-22 and a few more. Of these, F-35 is the company's largest program.
Lockheed boasts a long-term earnings growth rate of 6.2%. In the past year, the stock has gained 23.9%.
On the other hand, Northrop is a renowned manufacturer of autonomous and manned aircraft like MQ-4C Triton and Global Hawk. These jets are used for battle management, strike and intelligence, surveillance and reconnaissance.
Northrop boasts a long-term earnings growth rate of 3.3%. In the past year, the stock has gained 20.9%.
Price Movement & Zacks Rank
Textron's stock has gained 21% in the past six months compared with the industry's growth of 9.8%. Boeing's shares have surged 46.7% in the past six months.
Textron currently carries a Zacks Rank #3 (Hold), while Boeing has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.