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Stratasys (SSYS) Seals 3D Printing Deal with Boom Supersonic
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Stratasys Ltd. (SSYS - Free Report) has been scaling newer heights across all its business segments. Over the last one year, the company has inked strategic partnerships, as well as rolled out diverse products, reflecting its solid fundamentals.
The 3D printing company recently entered into a new three-year technical partnership with Boom Supersonic Inc. The collaboration is aimed at introducing advanced 3D printing technologies to the supersonic aerospace industry. Per Stratasys, the two companies will jointly work on bringing “commercial airline industry one step closer towards routine supersonic travel.”
Founded in 2014, Denver-based start-up, Boom Supersonic is building a civilian supersonic aircraft – XB-1 – that will be affordable to general people with fares equivalent to current business class. The aircraft will have a speed up to Mach 2.2. The company claims that with such a speed, its supersonic aircraft will cover destinations 2.6 times faster than any other aircraft in the market today.
Per the agreement, Boom Supersonic will leverage on Stratasys’ 3D printing solutions, materials and expert services which will help it in improving the efficiency and cost of making production-grade aircraft parts based on the latter’s FDM 3D printing technology.
More specifically, Boom Supersonic will use Stratasys’ FDM Fortus 450mc and F370 3D printing platforms. Per Stratasys, “both [platforms] designed to produce on-demand parts leveraging production-grade thermoplastics, as well as advanced manufacturing tools that perform even under aviation’s most challenging environments.”
We believe the recent deal with Boom Supersonic is a strategic move by Stratasys to drive market penetration. The partnership spells opportunities for Stratasys’ 3D printing business and will further strengthen its base.
Notably, Boom Supersonic is not the first company in the aviation industry which has made a deal to use Stratasys’ 3D printing technologies to build its aircrafts. Stratasys’ has collaborations with companies like SIA Engineering Company Limited and The Boeing Co. (BA - Free Report) , both in the aviation space.
Apart from the aviation industry, Stratasys’ 3D printing technologies are being used in other industries too. The company has partnerships with the likes of Schneider Electric, which operates in the energy sector, and Ford Motor Company (F - Free Report) , which is in the automotive sector.
We believe that the company’s portfolio of innovative products will help it over the long run to generate incremental sales.
Notably, Stratasys outperformed the Zacks categorized Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 59.7% YTD, outperforming the industry’s gain of 29.4%.
The stock has witnessed upward estimate revisions in the last 60 days and has a long-term EPS growth rate of 20%.
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Stratasys (SSYS) Seals 3D Printing Deal with Boom Supersonic
Stratasys Ltd. (SSYS - Free Report) has been scaling newer heights across all its business segments. Over the last one year, the company has inked strategic partnerships, as well as rolled out diverse products, reflecting its solid fundamentals.
The 3D printing company recently entered into a new three-year technical partnership with Boom Supersonic Inc. The collaboration is aimed at introducing advanced 3D printing technologies to the supersonic aerospace industry. Per Stratasys, the two companies will jointly work on bringing “commercial airline industry one step closer towards routine supersonic travel.”
Founded in 2014, Denver-based start-up, Boom Supersonic is building a civilian supersonic aircraft – XB-1 – that will be affordable to general people with fares equivalent to current business class. The aircraft will have a speed up to Mach 2.2. The company claims that with such a speed, its supersonic aircraft will cover destinations 2.6 times faster than any other aircraft in the market today.
Per the agreement, Boom Supersonic will leverage on Stratasys’ 3D printing solutions, materials and expert services which will help it in improving the efficiency and cost of making production-grade aircraft parts based on the latter’s FDM 3D printing technology.
More specifically, Boom Supersonic will use Stratasys’ FDM Fortus 450mc and F370 3D printing platforms. Per Stratasys, “both [platforms] designed to produce on-demand parts leveraging production-grade thermoplastics, as well as advanced manufacturing tools that perform even under aviation’s most challenging environments.”
We believe the recent deal with Boom Supersonic is a strategic move by Stratasys to drive market penetration. The partnership spells opportunities for Stratasys’ 3D printing business and will further strengthen its base.
Notably, Boom Supersonic is not the first company in the aviation industry which has made a deal to use Stratasys’ 3D printing technologies to build its aircrafts. Stratasys’ has collaborations with companies like SIA Engineering Company Limited and The Boeing Co. (BA - Free Report) , both in the aviation space.
Apart from the aviation industry, Stratasys’ 3D printing technologies are being used in other industries too. The company has partnerships with the likes of Schneider Electric, which operates in the energy sector, and Ford Motor Company (F - Free Report) , which is in the automotive sector.
We believe that the company’s portfolio of innovative products will help it over the long run to generate incremental sales.
Notably, Stratasys outperformed the Zacks categorized Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 59.7% YTD, outperforming the industry’s gain of 29.4%.
Stratasys has a Zacks Rank #3 (Hold). A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. (AAOI - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock has witnessed upward estimate revisions in the last 60 days and has a long-term EPS growth rate of 20%.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>