We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
BAE Systems Secures a Contract to Support E-2D Hawkeye Jets
Read MoreHide Full Article
Key Takeaways
BAE Systems won a $62.5M contract to support the U.S. Navy's E-2D Advanced Hawkeye program.
The deal covers design, development and fabrication of IFF systems and related equipment.
Work will be performed in Green Lawn, NY, with completion expected by September 2030.
BAE Systems (BAESY - Free Report) recently secured a contract valued at $62.5 million to provide engineering and technical services for the E-2D Advanced Hawkeye program. The work encompasses the design, development and fabrication of Identification, Friend or Foe (IFF) systems, operational test program sets, specialized test and repair equipment, and supports logistical data for the U.S. Navy. The award has been provided by the Naval Air Systems Command, Lakehurst, NJ.
The work related to this contract will be executed in Green Lawn, NY. The project is expected to be completed by September 2030.
BAESY’s Growth Prospects
According to a report from Mordor Intelligence, rising military conflicts, terrorism and border disputes have driven nations worldwide to focus more on national security, particularly in strengthening C4ISR capabilities. The growing demand for advanced technologies, such as network-based battle control, unmanned vehicles and advanced sensor systems, along with the increasing complexity of modern warfare, is expected to drive this market. Mordor Intelligence also forecasts that the global C4ISR market will witness a compound annual growth rate of 3.2% during the 2025-2030 period.
This should benefit BAESY, a prominent innovator in C4ISR technologies that support military operations globally. For decades, the company has provided advanced engineering solutions and comprehensive communication capabilities for the United States and allied military forces across various operational domains.
The aforementioned contract falls under BAESY’s broader C4ISR portfolio. Its expertise spans innovative command and control technologies, secure adaptable communications systems, extended-range ISR sensors, high-velocity data analysis systems, cyber resilience solutions and more.
This expertise likely enabled the company to secure the aforementioned contract. Given the positive growth outlook for the global C4ISR market, BAESY is well-positioned to win additional contracts in the near future.
Prospects for Other Defense Companies
Other defense companies that are likely to enjoy the perks of the expanding C4ISR market have been discussed below.
Lockheed Martin Corporation (LMT - Free Report) : The company provides advanced systems for surveillance, reconnaissance and battle management. One of its key programs includes the Command Control Battle Management Communications, which is the first battle management system capable of integrating across domains.
The company’s long-term (three to five years) earnings growth rate is 10.3%. The Zacks Consensus Estimate for LMT’s 2025 sales indicates year-over-year growth of 4.5%.
RTX Corporation (RTX - Free Report) : The company focuses on providing integrated defense systems, radar and missile warning systems that improve situational awareness and threat detection. Its ISR systems and multi-mission sensors are critical to both U.S. and international defense operations.
The company’s long-term earnings growth rate is 9.1%. The consensus estimate for RTX’s 2025 sales indicates year-over-year growth of 6.1%.
General Dynamics Corporation (GD - Free Report) : The company offers advanced communication systems, command and control solutions and ISR platforms that support military forces worldwide. Notably, its subsidiary in Canada offers the Land C4ISR system to the nation’s armed forces, enabling them to coordinate and conduct modern operations.
The company’s long-term earnings growth rate is 10.7%. The Zacks Consensus Estimate for GD’s 2025 sales indicates year-over-year growth of 7.2%.
BAESY Stock’s Price Movement
Shares of BAESY have gained 57.2% in the past year compared with the industry’s 35.2% growth.
Image: Bigstock
BAE Systems Secures a Contract to Support E-2D Hawkeye Jets
Key Takeaways
BAE Systems (BAESY - Free Report) recently secured a contract valued at $62.5 million to provide engineering and technical services for the E-2D Advanced Hawkeye program. The work encompasses the design, development and fabrication of Identification, Friend or Foe (IFF) systems, operational test program sets, specialized test and repair equipment, and supports logistical data for the U.S. Navy. The award has been provided by the Naval Air Systems Command, Lakehurst, NJ.
The work related to this contract will be executed in Green Lawn, NY. The project is expected to be completed by September 2030.
BAESY’s Growth Prospects
According to a report from Mordor Intelligence, rising military conflicts, terrorism and border disputes have driven nations worldwide to focus more on national security, particularly in strengthening C4ISR capabilities. The growing demand for advanced technologies, such as network-based battle control, unmanned vehicles and advanced sensor systems, along with the increasing complexity of modern warfare, is expected to drive this market. Mordor Intelligence also forecasts that the global C4ISR market will witness a compound annual growth rate of 3.2% during the 2025-2030 period.
This should benefit BAESY, a prominent innovator in C4ISR technologies that support military operations globally. For decades, the company has provided advanced engineering solutions and comprehensive communication capabilities for the United States and allied military forces across various operational domains.
The aforementioned contract falls under BAESY’s broader C4ISR portfolio. Its expertise spans innovative command and control technologies, secure adaptable communications systems, extended-range ISR sensors, high-velocity data analysis systems, cyber resilience solutions and more.
This expertise likely enabled the company to secure the aforementioned contract. Given the positive growth outlook for the global C4ISR market, BAESY is well-positioned to win additional contracts in the near future.
Prospects for Other Defense Companies
Other defense companies that are likely to enjoy the perks of the expanding C4ISR market have been discussed below.
Lockheed Martin Corporation (LMT - Free Report) : The company provides advanced systems for surveillance, reconnaissance and battle management. One of its key programs includes the Command Control Battle Management Communications, which is the first battle management system capable of integrating across domains.
The company’s long-term (three to five years) earnings growth rate is 10.3%. The Zacks Consensus Estimate for LMT’s 2025 sales indicates year-over-year growth of 4.5%.
RTX Corporation (RTX - Free Report) : The company focuses on providing integrated defense systems, radar and missile warning systems that improve situational awareness and threat detection. Its ISR systems and multi-mission sensors are critical to both U.S. and international defense operations.
The company’s long-term earnings growth rate is 9.1%. The consensus estimate for RTX’s 2025 sales indicates year-over-year growth of 6.1%.
General Dynamics Corporation (GD - Free Report) : The company offers advanced communication systems, command and control solutions and ISR platforms that support military forces worldwide. Notably, its subsidiary in Canada offers the Land C4ISR system to the nation’s armed forces, enabling them to coordinate and conduct modern operations.
The company’s long-term earnings growth rate is 10.7%. The Zacks Consensus Estimate for GD’s 2025 sales indicates year-over-year growth of 7.2%.
BAESY Stock’s Price Movement
Shares of BAESY have gained 57.2% in the past year compared with the industry’s 35.2% growth.
Image Source: Zacks Investment Research
BAESY’s Zacks Rank
BAESY currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.