The Boeing Company (BA - Free Report) recently won a contract to offer maintenance, rebuilding and technical services tosupport the Navigation subsystem for the Trident II (D5) missile. The deal has been awarded by the Strategic Systems Programs, Washington, D.C.
Valued at $59.1 million, the contract is scheduled to be completed by Sep 30, 2022. Majority of work related to the deal will be executed in Huntington Beach, CA.
Trident II Specifics
Lockheed Martin’s (LMT - Free Report) Trident II (D5) is the latest generation of submarine-launched fleet ballistic missiles (SLBMs), equipped with multiple independently targetable re-entry vehicles (MIRV) and thermonuclear warheads. Since its design completion in 1989, Trident II (D5) has made 167 successful test launches — a record unmatched by any other large ballistic missile or space launch vehicle.
Missile Defense & Boeing
Increasing geopolitical tensions along with a rapid rise in terrorism across the globe are prompting nations to strengthen their defense systems manifold. With rapid technological upgrades, missile defense is nowadays playing a pivotal role in a nation’s defense strategy.
Particularly, rogue nations like North Korea and Iran seek dangerous capabilities, including long-range ballistic missiles that can threaten the U.S. homeland, support regional aggression, and deter potential U.S. responses.
Thus, to protect its homeland, the U.S. government has adopted layered missile defenses. To this end, it is imperative to mention that SLBM is an integral part of the United States’ strategic nuclear deterrent Triad, while Trident II (D5) is one of the major SLBM programs in the nation
Apart from being a leader in the commercial aerospace market, Boeing has contributed significantly to United States’ missile defense strategy. Considering the solid demand that Trident enjoys in the nation’s missile defense space, the latest contract win by Boeing to support this program reflects the jet giant’s significance in offering solid missile support to the United States.
Looking Ahead
The global rocket and missile market, which also includes fleet ballistic missiles, is projected to witness CAGR of 4.74% during the 2017-2022 period to reach a value of $70 billion by 2022 (per a report by Markets and Markets research firm).
With the United States being one of the key players in the global missile market, such projections indicate a golden era for the nation’s premier missile defense providers like Boeing, Lockheed, Raytheon Technologies (RTX - Free Report) and Northrop Grumman (NOC - Free Report) .
As far as these stocks’ prospects within the nation are concerned, it is imperative to mention that the U.S. government’s fiscal 2021 defense budget includes a significant spending plan of $13.6 billion on missile defense, 126.6% higher than the previous budget plan. Such an increased spending provision should usher in more contracts for the nation’s varied range of missile programs like the latest one.
Price Performance
In a year’s time, shares of Boeing have plunged 55.4% compared with the industry’s decline of 34.7%.
Zacks Rank
Boeing currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Boeing Company (BA - Free Report) recently won a contract to offer maintenance, rebuilding and technical services tosupport the Navigation subsystem for the Trident II (D5) missile. The deal has been awarded by the Strategic Systems Programs, Washington, D.C.
Valued at $59.1 million, the contract is scheduled to be completed by Sep 30, 2022. Majority of work related to the deal will be executed in Huntington Beach, CA.
Trident II Specifics
Lockheed Martin’s (LMT - Free Report) Trident II (D5) is the latest generation of submarine-launched fleet ballistic missiles (SLBMs), equipped with multiple independently targetable re-entry vehicles (MIRV) and thermonuclear warheads. Since its design completion in 1989, Trident II (D5) has made 167 successful test launches — a record unmatched by any other large ballistic missile or space launch vehicle.
Missile Defense & Boeing
Increasing geopolitical tensions along with a rapid rise in terrorism across the globe are prompting nations to strengthen their defense systems manifold. With rapid technological upgrades, missile defense is nowadays playing a pivotal role in a nation’s defense strategy.
Particularly, rogue nations like North Korea and Iran seek dangerous capabilities, including long-range ballistic missiles that can threaten the U.S. homeland, support regional aggression, and deter potential U.S. responses.
Thus, to protect its homeland, the U.S. government has adopted layered missile defenses. To this end, it is imperative to mention that SLBM is an integral part of the United States’ strategic nuclear deterrent Triad, while Trident II (D5) is one of the major SLBM programs in the nation
Apart from being a leader in the commercial aerospace market, Boeing has contributed significantly to United States’ missile defense strategy. Considering the solid demand that Trident enjoys in the nation’s missile defense space, the latest contract win by Boeing to support this program reflects the jet giant’s significance in offering solid missile support to the United States.
Looking Ahead
The global rocket and missile market, which also includes fleet ballistic missiles, is projected to witness CAGR of 4.74% during the 2017-2022 period to reach a value of $70 billion by 2022 (per a report by Markets and Markets research firm).
With the United States being one of the key players in the global missile market, such projections indicate a golden era for the nation’s premier missile defense providers like Boeing, Lockheed, Raytheon Technologies (RTX - Free Report) and Northrop Grumman (NOC - Free Report) .
As far as these stocks’ prospects within the nation are concerned, it is imperative to mention that the U.S. government’s fiscal 2021 defense budget includes a significant spending plan of $13.6 billion on missile defense, 126.6% higher than the previous budget plan. Such an increased spending provision should usher in more contracts for the nation’s varied range of missile programs like the latest one.
Price Performance
In a year’s time, shares of Boeing have plunged 55.4% compared with the industry’s decline of 34.7%.
Zacks Rank
Boeing currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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