您的当前位置:首页 > Entertainment > 【ragtops and roadsters perkasie pa】Lockheed Martin (LMT) Wins $1B Deal for Super Hercules Fleet 正文
时间:2024-09-29 08:20:31 来源:网络整理 编辑:Entertainment
Per major media sources,Lockheed Martin Corp. LMT recently secured a $1-billion deal for delivering ragtops and roadsters perkasie pa
Per major media sources,ragtops and roadsters perkasie pa
Lockheed Martin Corp
. LMT recently secured a $1-billion deal for delivering five C-130J-30 Super Hercules transport aircraft to the military of New Zealand. Further, Lockheed Martin’s Aeronautics division will deliver a full mission flight simulator and other supporting infrastructure as New Zealand’s military seeks to replace its existing aircraft fleet.
The company will deliver the first of the new Super Hercules aircraft in 2024, with the full fleet operating from 2025.
The New C-130J Specifics
As the world’s premier tactical airlifter, the Super Hercules features tremendous lift capacity, long-range and austere landing field capabilities. Rolls-Royce’s RYCEY AE 2100D3 engines and six-bladed Dowty Aerospace R391 composite propellers from General Electric GE improve the aircraft’s performance over legacy C-130 jet. The Super Hercules worldwide fleet has more than 2 million flight hours and is the airlifter of choice for 20 nations.
The new Super Hercules aircraft will be able to carry heavier payloads and will possess advanced capabilities, including wide bandwidth, to enable real-time data streaming. These new aircraft will also be featuring infrared cameras and high-speed satellite communications.
Our View
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments are attributable to defense players like Lockheed Martin and Textron TXT, as both are pioneers in manufacturing tactical military rotorcraft.
Notably, the aforementioned contract secured by Lockheed Martin is indicative of solid revenue growth prospects for its Aeronautics business segment, which comprises the C-130 Hercules program. Notably, during first-quarter 2020, revenues in this unit increased 14.1% year over year. We may expect this unit to generate similar solid performance in the coming days, backed by contract wins like the latest one.
Per Research and Markets firm, the global military rotorcraft market is expected to see a CAGR of 4.28%, to $30.7 billion by 2028, from 2018. Such growth can be attributed to the need for replacing aging fleets and enhancing capabilities in the longer run. This, in turn, should boost further demand for Lockheed Martin’s Super Hercules aircraft and enable it to benefit from the expanding global rotorcraft market.
Price Movement and Zacks Rank
In a year’s time, shares of this Zacks Rank #3 (Hold) company gained 14.5% against the industry’s 20.8% decline. You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Story continues
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
General Electric Company (GE) : Free Stock Analysis Report
Textron Inc. (TXT) : Free Stock Analysis Report
RollsRoyce Holdings PLC (RYCEY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
View comments
Canada energy firms fret as Ottawa labors over promised aid package2024-09-29 08:15
BRIEF-Nine Dragons Paper Holdings Expects HY Profit Attributable Of Not Less Than Rmb2,400 Mln2024-09-29 08:06
BRIEF-Keda Clean Energy And Partner Plan Investments In Senegal, Zambia Projects2024-09-29 07:54
Is It Smart To Buy Shoe Carnival, Inc. (NASDAQ:SCVL) Before It Goes Ex-Dividend?2024-09-29 07:52
Wells Fargo CEO tells Congress bank has doubled down on regulatory issues2024-09-29 07:52
Here's Why We Think H.B. Fuller (NYSE:FUL) Is Well Worth Watching2024-09-29 07:42
DASAN Zhone Solutions, Inc. (DZSI) Q4 2018 Earnings Conference Call Transcript2024-09-29 07:40
Is Wasatch Emerging India Fund (WAINX) a Strong Mutual Fund Pick Right Now?2024-09-29 07:12
Albemarle: Q3 Earnings Insights2024-09-29 06:55
Should You Be Worried About ESI Group SA's (EPA:ESI) 4.1% Return On Equity?2024-09-29 06:13
Understated Factors To Consider Before Investing In Esquire Financial Holdings, Inc. (NASDAQ:ESQ)2024-09-29 08:09
These are the 6 hottest crypto tokens you can use to buy real estate in the metaverse2024-09-29 07:46
U.S. Navy pursuing block buy of two aircraft carriers -senator2024-09-29 07:44
GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level2024-09-29 07:41
Lady Gaga Fires Back At Donald Trump’s Campaign After They Try To Turn Her Biden Support Into A Liability2024-09-29 06:54
Russia's domestic gas supplies from Exxon-led project suspended - ministry2024-09-29 06:22
DXP Enterprises, Inc. (NASDAQ:DXPE): Time For A Financial Health Check2024-09-29 06:18
What to do if you're fired during coronavirus2024-09-29 06:10
With A 4.6% Return On Equity, Is Kilitch Drugs (India) Limited (NSE:KILITCH) A Quality Stock?2024-09-29 06:04