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GE Secures Prestigious Multi-Million US Army Contract
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GE Aviation − a unit of General Electric Company (GE - Free Report) was recently awarded a prestigious contact worth $4.1 million by the U.S. Army. Per the deal, the company will help the army better manage their on-board power.
General Electric has had a history of offering its support to the U.S. Army. This collaboration is the fifth time the company will work in support of the army’s Tank Automotive Research, Development and Engineering Center (TARDEC) next generation vehicle electrical power architecture leap-ahead technology development.
General Electric will provide its Silicon Carbide MOSFET technology in a 200kW starter generator controller. The integrated starter generator controller (ISGC) will offer sensored and sensorless control for multiple generator types. This deal will help improve General Electric’s goodwill and boost overall revenues, going ahead.
Despite its continuous contract wins, General Electric underperformed the Zacks categorized Diversified Operations industry in the last 30 days, with an average return of 0.3% compared with 2% gain of the latter.
With approximately 44,000 employees and 84 facilities, GE Aviation posted $7,187million in revenues in fourth-quarter 2016. GE Aviation offers commercial and military jet engines and components and aftermarket services.
LSB Industries has a long-term earnings growth expectation of 12%. The company is engaged in the manufacture and sale of chemical products.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.53x.
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GE Secures Prestigious Multi-Million US Army Contract
GE Aviation − a unit of General Electric Company (GE - Free Report) was recently awarded a prestigious contact worth $4.1 million by the U.S. Army. Per the deal, the company will help the army better manage their on-board power.
General Electric has had a history of offering its support to the U.S. Army. This collaboration is the fifth time the company will work in support of the army’s Tank Automotive Research, Development and Engineering Center (TARDEC) next generation vehicle electrical power architecture leap-ahead technology development.
General Electric will provide its Silicon Carbide MOSFET technology in a 200kW starter generator controller. The integrated starter generator controller (ISGC) will offer sensored and sensorless control for multiple generator types. This deal will help improve General Electric’s goodwill and boost overall revenues, going ahead.
Despite its continuous contract wins, General Electric underperformed the Zacks categorized Diversified Operations industry in the last 30 days, with an average return of 0.3% compared with 2% gain of the latter.
With approximately 44,000 employees and 84 facilities, GE Aviation posted $7,187million in revenues in fourth-quarter 2016. GE Aviation offers commercial and military jet engines and components and aftermarket services.
We remain encouraged with the continuous contract wins of this Zacks Rank #4 (Sell) stock. Some better-ranked stocks in the industry include LSB Industries, Inc. (LXU - Free Report) , Hitachi, Ltd. (HTHIY - Free Report) and Barloworld Ltd. (BRRAY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
LSB Industries has a long-term earnings growth expectation of 12%. The company is engaged in the manufacture and sale of chemical products.
Barloworld has a long-term earnings growth expectation of 18.70% and is currently trading at a forward P/E of 11.04x.
Hitachi has a long-term earnings growth expectation of 13% and is currently trading at a forward P/E of 13.53x.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>