Aerospace & Defense

  Market View Last Week – Closing with a VIX Level we haven't seen in years SPY (NYSEARCA: SPY) finished higher by about 0.8% last week, another fairly quiet move inside what options were pricing (+/- 1.6%). The VIX was lower on the week and it's closing low Friday...

Benzinga Finland Joins NATO Doubling Border Length, Russia Issues Warning The Finland foreign minister signed the accession document, and Finland has become the 31st member of the North Atlantic Treaty Organization (NATO) security alliance. The move is a strategic and political blow to Russia'...

Lockheed Martin Corp (NYSE: LMT) and the F-35 Joint Program Office (JPO) signed the Lightning Air System National Capability Enterprise (LANCE) 23-27 contract to support the United Kingdom’s F-35 fleet.  The contract is valued at ~£147 million and will ensure and...

Lockheed Martin Corp (NYSE: LMT) has secured a multiple-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles from the U.S. army. The contract offers three additional follow-on awards starting in late 2023, allowing for a total contract value of up...

Credit Suisse analyst Scott Deuschle reiterated an Outperform rating on the shares of L3Harris Technologies Inc (NYSE: LHX) with a price target of $240. The aerospace and defense company is slated to report its first-quarter FY23 after market close on March 27. The analyst...

Lockheed Martin Ventures, the venture arm of Lockheed Martin Corp (NYSE: LMT), has made a strategic investment in REGENT, an electric seaglider manufacturing company. The financial terms were not disclosed. The investment will accelerate the development of seagliders for...

Terran Orbital Corporation (NYSE: LLAP) reported fourth-quarter FY22 revenue of $31.92 million, an increase of 197% year-over-year, beating the consensus of $31.17 million. The company stated that the increase in revenue was primarily due to the continued support of the SDA's...

Benzinga The Inevitable End - SVB Financial Officially Files For Bankruptcy In New York SVB Financial Group (NYSE: SIVB) has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to...

Norwegian company Loke Marine Minerals has acquired deep sea mineral business UK Seabed Resources (UKSR) from Lockheed Martin Corp (NYSE: LMT). Financial terms were not disclosed. UKSR holds a 100% interest in two deep-sea mineral licenses located in the Clarion-Clipperton Zone...

Morgan Stanley analyst Kristine T Liwag said after defense stocks closed up 20% in 2022 versus the S&P down 19%, the sector has since underperformed the broader market by 6.5% in the new year. The move lower in 2023 has partly been driven by a shift in sentiment after reports emerged...

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it...

Keybanc boosted the price target for KLA Corporation (NASDAQ: KLAC) from $410 to $468. Keybanc analyst Steve Barger maintained an Overweight rating on the stock. KLA shares fell 0.1% to close at $419.07 on Thursday. RBC Capital cut the price target for Lennar Corporation (NYSE: LEN) from $79...

A rocket operated by California-based space startup ABL Space Systems' maiden RS1 rocket mission failed after it was launched on Tuesday from the Pacific Spaceport Center in Alaska, after delays late last year. The RS1 rocket, according to the ABL Space Systems website, is designed...

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Friday. Following the market opening Friday, the Dow traded up 1.02% to 33,265.17 while the NASDAQ rose 0.72% to 10,379.71. The S&P 500 also rose, gaining, 1.03% to 3,847.29. Check This Out: 5 Tech...

Reuters Elon Musk Tells Employees Tesla Will Be 'Most Valuable Company On Earth' Long Term As He Rallies Support For Big Quarter-End Push Elon Musk gave a much-needed pep talk to Tesla Inc (NASDAQ: TSLA) employees through an email as the stock remains on track to close 2022...