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Textron (NYSE:TXT) 株価情報, 空売り情報

Textron

Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. Textron Aviation manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business, which manufactures plastic fuel tanks for conventional and hybrid motor vehicles, and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron Inc

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Shares of aerospace and defense companies are trading higher after Donald Trump won the 2024 presidential election.

UBS analyst Gavin Parsons maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Sell and lowers the price target from $87 to $79.

News

Price Target

Analyst Ratings

UBS Maintains Sell on Textron, Lowers Price Target to $79

Baird analyst Peter Arment maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Outperform and lowers the price target from $109 to $100.

Baird Maintains Outperform on Textron, Lowers Price Target to $100

Textron shares are trading lower after the company reported Q3 adjusted EPS and sales below estimates and lowered its FY24 adjusted EPS guidance.

On October 20th, the International Association of Machinists and Aerospace Workers (IAM) District 70, Local Lodge 774 representing the Wichita-based direct labor workforce, ratified a new five-year labor contract, after engaging in a four-week strike. While it has been resolved, we expect revenue and segment profit to be unfavorably impacted in the&nbsp;fourth quarter&nbsp;of 2024 related to the labor disruption and the recovery of production and delivery activities as our employees return to work.

Guidance

Textron Lowered FY24 Adjusted EPS Guidance To $5.40 -$5.60 (From $6.20 -$6.40) Vs. $6.11 Est.

Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) reported quarterly earnings of $1.40 per share which missed the analyst consensus estimate of $1.49 by 6.04 percent. The company reported quarterly sales of $3.427 billion which missed the analyst consensus estimate of $3.505 billion by 2.23 percent. This is a 2.51 percent increase over sales of $3.343 billion the same period last year.

Earnings

Earnings Misses

Textron Q3 2024 Adj. EPS $1.40 Misses $1.49 Estimate, Sales $3.427B Miss $3.505B Estimate

David Rosenberg, Vice President, Investor Relations, to Succeed Connor
Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) today announced that Frank T. Connor, executive vice president and chief financial officer, has notified the Company that he intends to retire on February 28, 2025. David Rosenberg, Textron's vice president, Investor Relations, has been elected to succeed Connor as executive vice president and chief financial officer, effective March 1, 2025.

Management

Textron CFO Frank Connor Retirement Effective February 28, 2025; David Rosenberg, Textron's Vice President, Investor Relations, Has Been Elected To Succeed Connor As Executive Vice President And CFO, Effective March 1, 2025.

Textron Aviation is the First Business Aviation OEM to Announce Production Use of Gogo Galileo HDX
LAS VEGAS, Oct. 22, 2024 /PRNewswire/ --&nbsp;&nbsp;(NBAA-BACE, booth 1601) – <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283722-1&amp;h=730039191&amp;u=https%3A%2F%2Fgogoair.com%2F&amp;a=Gogo+Business+Aviation">Gogo Business Aviation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) today announced that Textron Aviation will install Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jet.
<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283722-1&amp;h=2877581367&amp;u=https%3A%2F%2Ftxtav.com%2F&amp;a=Textron+Aviation">Textron Aviation</a>, a <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4283722-1&amp;h=3310817843&amp;u=https%3A%2F%2Fwww.textron.com%2F&amp;a=Textron+Inc.">Textron Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company, is the first business aviation OEM to offer Gogo Galileo HDX from the factory, securing a truly global connectivity solution with market-leading performance for its operators.
Gogo Galileo is built on Gogo's best-selling AVANCE platform with a fuselage-mounted HDX antenna, designed to be small enough for business jets. With AVANCE at the heart of the system, Gogo Galileo is more affordable and easier to install and operate than other satellite systems operating today.

GOGO

Textron Aviation Selects Gogo Galileo HDX For Factory Installation On Cessna Citation Longitude, Latitude And Ascend; Textron Aviation Is The First Business Aviation OEM To Announce Production Use Of Gogo Galileo HDX

Gogo Galileo HDX is expected to be available on the Citation Longitude beginning early 2026. Timing on the other aircraft will be announced at a later date.

Reported Earlier, Textron Aviation Integrates Gogo Galileo HDX Across Citation Fleet

Lockheed Martin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) is slated to release third-quarter 2024 results on Oct. 22, before the opening bell.
The Zacks Consensus Estimate for revenues is pegged at $17.28 billion, implying 2.4% growth from the year-ago quarter&#39;s reported figure. The consensus mark for third-quarter earnings is pegged at $6.43 per share, suggesting a 5% decline from $6.77 reported in the prior-year quarter. The bottom-line estimate has inched up 0.5% in the past 60 days.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/09/81360.jpg?v=1222979733" style="height:300px; width:650px" />
Image Source: Zacks Investment Research
LMT, America&#39;s largest defense contractor, has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7.46%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/85/81362.jpg?v=2138496260" style="height:300px; width:625px" />
Image Source: Zacks Investment Research
<h2>Earnings Whisper for LMT</h2>
Our proven model predicts an earnings beat for Lockheed this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.
Lockheed has a Zacks Rank #3 and an Earnings ESP of +2.46%.
<h2>Factors Shaping LMT&#39;s Upcoming Q3 Results</h2>
A potential solid sales improvement from each of LMT&#39;s four business segments is likely to have bolstered the company&#39;s top-line performance.
Aeronautics to Post Solid Sales
The Aeronautics segment, which primarily manufactures advanced, combat-proven jets, and contributes almost 40% to the company&#39;s top line, is likely to deliver impressive third-quarter results.
A ramp-up in the production of the F-16 program, along with higher sales volume from production and sustainment contracts for the F-35 program, is likely to have bolstered this segment&#39;s top line.
The Zacks Consensus Estimate for the Aeronautics unit&#39;s third-quarter revenues is pegged at $6,764.8 million, indicating a 0.7% rise from the prior-year period&#39;s reported figure.
Impressive Projections From Other Segments
The remaining three segments are also projected to have performed favorably in the to-be-reported quarter.
Higher sales volume from the hypersonic development programs, along with Fleet Ballistic Missile (FBM), transport layer and other space exploration programs must have boosted the Space segment&#39;s top line. &nbsp;
The Zacks Consensus Estimate for the segment&#39;s revenues is pinned at $3,174 million, indicating a 2.3% improvement from the prior-year quarter&#39;s reported number.
LMT&#39;s Missiles and Fire Control (&quot;MFC&quot;) segment provides critical missile defense support to the United States and foreign allies. A higher sales volume, resulting from the production ramp-up of the Guided Multiple Launch Rocket Systems and Long Range Anti-Ship Missile programs, is likely to have benefited this unit&#39;s quarterly sales performance.
The Zacks Consensus Estimate for MFC&#39;s third-quarter revenues is currently pegged at $3,116.7 million, indicating 6% growth from the top line recorded a year ago.
Higher sales volume from the Sikorsky unit, particularly driven by CH-53K and Blackhawk helicopters, is likely to have bolstered the Rotary and Mission Systems (&quot;RMS&quot;) segment&#39;s sales in the quarter under review.
The solid production ramp-up of this unit&#39;s laser systems portfolio and higher sales volume of radar might have also contributed favorably to RMS&#39; third-quarter top line.
The Zacks Consensus Estimate for the unit&#39;s revenues is currently pegged at $4,203.1 million, indicating a 2% improvement from the top line registered a year ago.
<h2>Outlook for LMT&#39;s Q3 Bottom-Line</h2>
Higher interest expenses remain a headwind for the majority of U.S. companies, with Lockheed being no exception. With the Federal Reserve having cut the nation&#39;s interest rate in the second half of September, notable interest expenses can be expected to have weighed on LMT&#39;s third-quarter earnings.
Our model estimate for third-quarter interest expenses is $249.8 million, reflecting a solid 5.4% increase year over year. &nbsp;
During the first quarter of 2024, LMT recognized a reach-forward loss of $100 million associated with a classified missile program at its MFC unit. This, in turn, adversely impacted this unit&#39;s operating profit in the second quarter as well. With a potential loss of $350 million associated with this program, LMT might have also incurred a notable loss in its MFC unit in the third quarter. This, in turn, is likely to have adversely impacted its margin performance and, thereby, bottom-line growth.
Also, the unfavorable cost pressure faced by its Sikorsky business might have had affected LMT&#39;s overall earnings performance in the third quarter, outweighing the favorable impacts of solid top-line growth.
<h2>Price Performance &amp; Valuation</h2>
Lockheed&#39;s shares have exhibited an upward trend, gaining a notable percentage over the year-to-date period. Specifically, the stock has risen 33.5% year to date, outperforming the Zacks aerospace-defense industry&#39;s decline of 7.3%.
YTD Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/00/81358.jpg?v=1164827600" />
Image Source: Zacks Investment Research
As evident from the image, other notable stocks from the same industry have also rallied year to date and comfortably outpaced the industry&#39;s performance. Shares of L3Harris Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lhx#NYSE">LHX</a>), General Dynamics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gd#NYSE">GD</a>) and Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) have rallied 16.5%, 15.6% and 9.3%, respectively. &nbsp;
From a valuation perspective, LMT is trading at a premium when compared to its industry. Currently, LMT is trading at 21.39X forward 12-month earnings, which is higher than the industry&#39;s forward earnings multiple of 19.29. Also, its five-year median is 15.82X. So, the company&#39;s valuation also looks stretched compared with its own range.
LMT&#39;s Price-to-Earnings (forward 12 Months)
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7b/81359.jpg?v=1899268921" />
Image Source: Zacks Investment Research
<h2>Investment Thesis</h2>
Widespread hostilities engulfing the global defense map in recent times have prompted nations worldwide to ramp up their defense arsenal significantly. This has been acting as a solid growth catalyst for defense contractors like Lockheed in the form of solid contract wins. We may thus expect LMT&#39;s third-quarter results to duly reflect this in terms of notable revenue growth.
Backed by its solid top-line prospects, the company has been offering notable rewards to its shareholders. Impressively, LMT&#39;s dividend yield of 2.08% outpaces that of the S&amp;P 500 (1.22%).
However, persistently high interest expenses remain a major headwind for the company&#39;s near-term bottom-line growth. These might have also contributed to LMT&#39;s elevated leverage, as evident from its long-term debt-to-capital ratio, which came in quite higher than that of its peer group.
LMT&#39;s Long-Term Debt-to-Capital
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/51/81361.jpg?v=117165152" />
Image Source: Zacks Investment Research
<h2>Should You Buy LMT Stock Before Q3 Earnings Release?</h2>
Lockheed is less likely to disappoint with its third-quarter results, considering the recent upward revision in its earnings estimates, favorable Zacks Rank and a positive Earnings ESP. However, considering its premium valuation and elevated leverage, investors interested in this stock should wait until next Tuesday.
<a href="https://www.zacks.com/stock/news/2351614/should-lockheed-stock-be-in-your-portfolio-ahead-of-q3-earnings-report?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2351614">To read this article on Zacks.com click here.</a>

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Should Lockheed Stock Be in Your Portfolio Ahead of Q3 Earnings Report?

JP Morgan analyst Seth Seifman maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Neutral and lowers the price target from $100 to $95.

JP Morgan Maintains Neutral on Textron, Lowers Price Target to $95

Lockheed Martin Corporation&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) unit, Sikorsky Aircraft, recently secured an $84.3 million contract to supply eight gearbox assemblies for the CH-53K helicopters. The work will be carried out in Stratford, CT, and is set to be completed by December 2028.
The contract will serve the U.S. Navy and Israel military. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA.
<h2>What&#39;s Favoring LMT Stock?</h2>
With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has been rapidly increasing. This also includes growing investments in military helicopters, which are crucial for air warfare missions. Lockheed, as a prominent manufacturer of combat helicopters, has been witnessing a steady flow of orders from the Pentagon and other U.S. allies. The latest contract win is an example of that.
LMT&#39;s CH-53K King Stallion is designed for modern combat and shipboard operations, being intelligent, reliable, low-maintenance and highly survivable in harsh environments. With more than 1,200 test flight hours, the helicopter achieved several milestones in 2018, including operating at high altitudes, extreme temperatures and low visibility.
These capabilities are likely to have driven this rotorcraft&#39;s demand in recent times and are expected to lead to more contract awards for Lockheed Martin in the days ahead. Such order flows, including the latest one, are expected to boost the company&#39;s revenues, thereby solidifying its position as a leading defense contractor in military aviation.
<h2>Growth Prospects for LMT Stock</h2>
Rising military conflicts, terrorism and border disputes, along with rapid technological advancements in military helicopters, have led nations to increase their defense spending, with combat-proven helicopters constituting an integral part of a nation&#39;s defense structure.
This is likely to have prompted Mordor Intelligence to forecast a compound annual growth rate of more than 2.9% for the military helicopter market during the 2024-2030 time period.
Such solid market prospects offer growth opportunities for Lockheed Martin. Notably, its portfolio includes well-established helicopters like the Black Hawk, MH-60R Seahawk and CH-148 Cyclone, in addition to the CH-53K King Stallion.
<h2>Opportunities for LMT&#39;s Peers</h2>
Some other defense companies that are expected to enjoy the perks of the expanding military helicopter market have been discussed below.
The Boeing Company: Its military rotorcraft serves the U.S. Army, Navy, Marines and Air Force and allied defense forces in more than 20 countries across the globe. Boeing&#39;s Defense, Space &amp; Security segment produces rotorcraft and rotary-wing programs, such as H-47 Chinook, AH-64 Apache, AH-6 Little Bird and V-22 Osprey.
The company has a long-term (three to five years) earnings growth rate of 21.3%.&nbsp; The Zacks Consensus Estimate for BA&#39;s 2025 sales indicates year-over-year growth of 21.7%.
Northrop Grumman Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): Its Fire Scout is a combat-proven, autonomous helicopter system providing real-time intelligence, surveillance, reconnaissance and target-acquisition, laser designation and battle management to tactical users without relying on manned aircraft or space-based assets. NOC also provides avionics systems, mission equipment and support for military helicopters, including upgrades and modifications.
The company&#39;s long-term earnings growth rate is 8.7%. The Zacks Consensus Estimate for NOC&#39;s 2024 sales indicates year-over-year growth of 5.4%.
Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>):&nbsp; Its Bell business segment supplies advanced military helicopters and provides parts and support services to the U.S. Government and military customers outside the United States. Its primary combat helicopters include H-1, Bell 412, Bell AH-1Z, Bell 407 and a few more rotorcraft.
TXT boasts a long-term earnings growth rate of 10.1%. The consensus estimate for TXT&#39;s 2024 sales indicates year-over-year growth of 5.5%.
<h2>LMT Stock&#39;s Price Movement</h2>
Shares of LMT have gained 24.7% in the past three months compared with the industry&#39;s 8.2% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/68/79022.jpg?v=1096845495" />
Image Source: Zacks Investment Research
<h2>LMT&#39;s Zacks Rank</h2>
LMT currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2340764/lockheed-martin-s-unit-secures-contract-for-ch-53k-gearbox-assemblies?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2340764">To read this article on Zacks.com click here.</a>

Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) from $47 to $42. Morgan Stanley analyst Adam Jonas downgraded the stock from Equal-Weight to Underweight. General Motors shares rose 0.1% to close at $48.07 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this </a><a href="https://www.benzinga.com/quote/GM/analyst-ratings">stock</a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">.</a></li>
<li>Loop Capital increased the price target for monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) from $285 to $310. Loop Capital analyst Mark Schappel maintained a Buy rating. monday.com shares gained 1.3% to close at $281.64 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/MNDY/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock</a>.</li>
<li>Northland Capital Markets raised Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) price target from $7 to $9. Northland Capital Markets analyst Michael Latimore maintained an Outperform rating. Gorilla Technology shares fell 2.7% to close at $4.38 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view </a><a href="https://www.benzinga.com/quote/GRRR/analyst-ratings">this </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">stock</a>.</li>
<li>TD Cowen cut Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) price target from $103 to $95. TD Cowen analyst Cai Rumohr downgraded the stock from Buy to Hold. Textron shares fell 0.2% to close at $86.68 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/TXT/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co raised Wave Life Sciences Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) price target from $15 to $22. HC Wainwright &amp; Co. analyst Andrew Fein maintained a Buy rating. Wave Life Sciences shares gained 53.4% to close at $8.19 on Tuesday. <a href="https://www.benzinga.com/quote/WVE/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">how other analysts view this stock</a>.</li>
<li>Baird cut the price target for Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) from $35 to $27. Baird analyst Jonathan Komp maintained a Neutral rating. Foot Locker gained 0.6% to close at $27.48 on Tuesday. <a href="https://www.benzinga.com/quote/FL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham raised Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) price target from $245 to $310. Needham analyst Ryan MacDonald maintained a Buy rating. Duolingo shares fell 0.2% to close at $269.79 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/DUOL/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock</a>.</li>
<li>Evercore ISI Group cut the price target for Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) from $254 to $247. Evercore ISI Group analyst Jonathan Chappell downgraded the stock from Outperform to In-Line. Union Pacific shares gained 2% to close at $248.96 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this </a><a href="https://www.benzinga.com/quote/UNP/analyst-ratings">stock</a>.</li>
<li>JMP Securities raised Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) price target from $170 to $210. JMP Securities analyst Aaron Hecht maintained a Market Outperform rating. Lennar shares fell 0.8% to close at $184.23 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/LEN/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock</a>.</li>
<li>Keybanc slashed Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) price target from $145 to $135. Keybanc analyst Alex Markgraff maintained an Overweight rating. Global Payments shares fell 6.5% to close at $103.81 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other </a><a href="https://www.benzinga.com/quote/GPN/analyst-ratings">analysts </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">view this stock</a>.</li>
</ul>
Considering buying GM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25085351/image-203-1024x584.png" alt="" class="wp-image-565428" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25085351/image-203-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25085351/image-203-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25085351/image-203-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/25085351/image-203.png 1175w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

DUOL

GRRR

MNDY

General Motors To $42? Here Are 10 Top Analyst Forecasts For Wednesday

TD Cowen analyst Cai Rumohr downgrades Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) from Buy to Hold and lowers the price target from $103 to $95.

Downgrades

TD Cowen Downgrades Textron to Hold, Lowers Price Target to $95

IAM Workers Existing Contract With Textron Expired Sept. 22

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftxtav.com%2F&amp;esheet=54122188&amp;newsitemid=20240916045313&amp;lan=en-US&amp;anchor=Textron+Aviation+Inc.&amp;index=1&amp;md5=4cffb995e32a063799a849a1e54334b5">Textron Aviation Inc.</a>, a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.textron.com%2F&amp;esheet=54122188&amp;newsitemid=20240916045313&amp;lan=en-US&amp;anchor=Textron+Inc.&amp;index=2&amp;md5=4645e1d0dab54d1dac8cc1c2fe5f69f6">Textron Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company, today announced that the company has received Federal Aviation Administration (FAA) approval of the company's new Safety Management System (SMS) implementation plan to support the design and manufacturing of Cessna and Beechcraft aircraft. This approval builds on the company's previously FAA-accepted and approved SMS program supporting the maintenance and support of iconic Cessna and Beechcraft aircraft, and underscores the company's dedication to maintaining the highest standards of product quality at every level of operations.

Textron Aviation Earns FAA Approval For Safety Management System In Aircraft Design And Manufacturing

<h4>Key Takeaways:</h4>
<ul>
<li>Cirrus Aircraft reported its half-year revenues rose nearly 12% and profits jumped almost 24% but the share price felt little benefit</li>
<li>The company is trading at a discount to U.S. counterparts as investors worry about repercussions from Chinese military links through its major shareholder</li>
</ul>
By Fai Pui
Just two months after leaving the IPO runway, private jet maker&nbsp;Cirrus Aircraft Ltd.&nbsp;(OTC: CRRSF) is struggling to pull out of a stock-price dive.
The U.S.-based maker of small aircraft, which went public in Hong Kong in July, has posted buoyant half-year earnings in its first profit report as a listed company. But even with a good&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0827/2024082701666.pdf">report card</a>, Cirrus has been unable to escape market turbulence from U.S. sanctions against corporate China.
While investors worry Cirrus could get caught in a widening U.S. sanctions net, aviation demand from wealthy U.S. and European customers has been brisk.
Despite uncertainties in the global economy, Cirrus revenues rose 11.6% to $475 million in the first half of the year compared with the same period of 2023, while profits jumped 23.6% to $35.6 million, lifted by a growing order book and higher asking prices, according to the earnings release on Aug. 27. &nbsp;
The company delivered 20 more aircraft in the first six months of 2024 than in the year-earlier period and charged more for them. The cost of aircraft in the SR2X Series, the company&rsquo;s main product line, rose around 5% to $1.04 million and its Vision jets went up 8% to $3.33 million.
Meanwhile, Cirrus added about $8 million more in revenue from a growing business in after-sales services, aircraft parts and pilot training.&nbsp;
The earnings gave the share price an initial uplift towards HK$20, but the stock lost altitude afterwards. Last Friday it closed at HK$18.68, more than 30% below its listing price of HK$27.50.
Cirrus specializes in two types of small aircraft designed to carry around four to seven people: the SR2X series of single-engine piston planes for retail customers and the Vision Jet, which is also aimed at small-scale operators of charter flights. The U.S.-based business has become a global market leader in personal aviation, often with the owner in the cockpit as pilot. Cirrus revenues have been growing at a compound annual growth rate&nbsp;(CAGR) of 20.3% over the past three years, with profits gliding up 12.2%.
On paper, this should add up to an attractive proposition for investors. In that case, why is the Cirrus share price under pressure? The root of the problem lies in the ownership structure, not business performance.
In 2011, the U.S. founders of Cirrus Aircraft sold the business to an aviation subsidiary of a Chinese state-owned aerospace and defense conglomerate, the&nbsp;Aviation Industry Corporation of China&nbsp;(AVIC). After the IPO, the AVIC affiliate, China Aviation Industry General Aircraft, retained an 85% stake in Cirrus.
Those links could put Cirrus in the U.S. crosshairs, even though the company has not been named as a target so far and insists that it does not make aircraft or technology for the military.
The U.S. sanctioned AVIC and some of its other affiliates as early as 2021, banning Americans from buying or selling securities of targeted companies without government permission. Last year, the administration of President Joe Biden proposed new measures to screen outbound U.S. investment in China, Hong Kong and Macao that could be regarded as posing a risk to national security.
<h3>Concern About Military Connections</h3>
Cirrus was not singled out as a focus, but the company felt the need to refer to the policy in its IPO paperwork, saying its business would not be adversely affected by the move. After the listing ceremony, Cirrus CEO Zean Nielsen also sought to allay concerns, saying the company supplies private aircraft that are too small to carry weapons and are not put to military use.
The AVIC group has also played down the connections. Wang Hui, an executive at AVIC General and vice-chairman of Cirrus, said the light aircraft maker attaches great importance to compliance and operates independently of AVIC, which was described as just an investor in the business.
Market investors remain troubled, nervous about the risk of policy escalation as the U.S. heads into a presidential election. Cirrus is already being cited as a potential security threat in some quarters.
William Kim, a researcher at the Rand think tank, has said Cirrus technology could be used for military drones. George Ferguson, a senior aerospace and defense analyst at Bloomberg, also argued that customers could see a military use in Cirrus technology, even though its products are different from AVIC drones.
Clearly, a company that operates mainly in Western markets but is majority-owned by a group linked to the Chinese military was bound to come under scrutiny. As geopolitical tensions and corporate rivalries intensify, who knows where sanctions will go next. With the U.S. as its biggest market, Cirrus could be seriously affected if it finds itself in the frame. The unpredictable outlook could be a major factor behind the company&rsquo;s weak share price.
But risks aside, there is good news on the business front. In April this year U.S. regulators granted a production license for the company&rsquo;s SR10 aircraft, designed specifically for flight training. Meanwhile, combined net orders for the SR2X and Vision Jet have increased by 107 units. And the Cirrus G7, the latest model in the SR2X series, has been sold in more than 36 countries since its launch in the first half of the year. The product is not facing any bans or market restrictions for the time being.
In its results, Cirrus also outlined plans to leverage its customer base by expanding aircraft-related services and flight training, while increasing its production capacity and global market reach.
Cirrus trades at a hefty discount to its peers, reflecting worries about the policy risks.&nbsp;Textron&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>), a small aircraft maker listed in New York, enjoys a price-to-earnings (P/E) ratio of about 20 times, nearly double the 11 times for Cirrus, based on earnings per share of $0.11 in the first half of 2024 and assuming a similar figure in the second half.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

Cirrus Aircraft Buffeted By Headwinds From US-China Tensions

Textron Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) recently revealed the successful shipment of its Beechcraft T-6C Texan II Operational Flight Trainer (&quot;OFT&quot;) to the Tunisian Air Force. Two Avionics Desktop Trainings, a Computer-Based Training Lab with eight workstations and field services are among the other elements supplied with the OFT.
After all eight Beechcraft T-6C Texan II aircraft are delivered to the Tunisian Air Force, the OFT will be utilized for pilot and maintenance professional training.
<h2>Significance of TXT&#39;s Beechcraft T-6C Texan II</h2>
The Beechcraft T-6C Texan II military training aircraft is a next-generation military trainer jet designed for a wide range of training capabilities, long-term reliability and cost-effective operations.
The Beechcraft T-6C OFT offers a realistic cockpit with real aircraft hardware, a visual system with 70 degrees vertical by 270 degrees horizontal field of view, and a dynamic seat with onset and disturbance queues. These features will support military pilot trainees to get realistic training, making them mission-ready.
<h2>TXT&#39;s Growth Prospects</h2>
Military flight simulators are positioned for considerable expansion, driven by increasing geopolitical tensions worldwide, improvements in technology, increased expenditures on combat jets and the demand for cost-effective training options. Per a report by the Mordor Intelligence firm, the global market for Military Aircraft Simulation &amp; Training is projected to witness a CAGR of 2% between 2024 and 2031. Such growth opportunities offered by the aforementioned market should bode well for Textron in the coming years.
Textron&#39;s business unit, TRU Simulation, focuses on building quality training devices for the business aviation, helicopter and military markets. It develops, manufactures and maintains state-of-the-art, high-fidelity flight training solutions, from classroom training tools to flight training devices and full-motion simulators for defense aircraft. In the latest development in this section, in August 2024, TXT announced the delivery of its Cessna Citation Longitude Full Flight Simulator for FlightSafety International&#39;s Columbus, OH, Learning Center.
Such capabilities of TXT must have enabled the company to win steady orders for its products that support Military Aircraft Simulation &amp; Training, like the latest one.
<h2>Opportunities for TXT&#39;s Peers</h2>
Aerospace companies that are likely to reap the benefits of the growing Military Aircraft Simulation &amp; Training market are as follows:
Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>): The company&#39;s F-35 Full Mission Simulators are high-fidelity systems that replicate the F-35&#39;s advanced avionics, stealth capabilities and combat systems. It also provides Mission Rehearsal Training solutions and offers high-end training with reduced hardware requirements to train pilots with 5th Generation Tactics, Techniques and Procedures.
Lockheed&#39;s long-term (three to five years) earnings growth rate is 4.7%. The Zacks Consensus Estimate for LMT&#39;s 2024 sales implies an improvement of 5.3% from the prior-year figure.
BAE Systems (OTC: <a class="ticker" href="https://www.benzinga.com/stock/baesy#OTC">BAESY</a>): Its Hawk advanced jet trainer, equipped with advanced airborne simulation technology and new generation cockpit environment, provides a smoother and more cost-effective transition to the front line. This allows for student pilot and Weapons System Officer output at the most appropriate skill levels in readiness for front-line operations.
BAE Systems has a long-term earnings growth rate of 12.4%. The Zacks Consensus Estimate for BAESY&#39;s 2024 sales suggests growth of 36.3% from the prior-year reported figure.
RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>): Its Joint Secure Air Combat Training System provides the first certified, four-level Multiple Independent Levels of Security test and training equipment in both airborne and ground equipment, allowing for tethered and autonomous operations.
RTX has a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for RTX&#39;s 2024 sales implies growth of 7% from the prior-year reported figure.
<h2>TXT Stock Price Movement</h2>
In the past year, shares of Textron have risen 16.2% against the industry&#39;s decline of 1.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/28/75918.jpg?v=1006012060" />
Image Source: Zacks Investment Research
<h2>TXT&#39;s Zacks Rank</h2>
Textron currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2328987/textron-ships-its-beechcraft-t-6c-trainer-to-tunisian-air-force?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2328987">To read this article on Zacks.com click here.</a>

BAESY

Textron Ships Its Beechcraft T-6C Trainer to Tunisian Air Force

Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) has outperformed the market over the past 5 years by 1.6% on an annualized basis producing an average annual return of 15.64%. Currently, Textron has a market capitalization of $16.91 billion. 
Buying $1000 In TXT: If an investor had bought $1000 of TXT stock 5 years ago, it would be worth $2,067.60 today based on a price of $90.23 for TXT at the time of writing.
<h3>Textron's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724855420_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Textron Stock In The Last 5 Years

Lockheed Martin Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) business unit, Sikorsky, recently secured a modification contract for HH-60M Black Hawk helicopters. The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.&nbsp;
Valued at $52.2 million, the contract is expected to be completed by Jun 30, 2027. Work related to this contract will be carried out in Stratford, CT.
<h3>Black Hawk and Lockheed</h3>
Lockheed has strengthened its position as one of the forerunners in the military helicopter market, driven by continuous advancements in its combat-proven helicopters, backed by growing demand for more agile and lethal defense products.&nbsp;
Notably, the Unites States and other 34 nations&#39; reliance on Lockheed&#39;s Black Hawk multirole helicopters underscores the company&#39;s prominence in the combat helicopter space. This can be gauged from the fact that currently, more than 4,000 Black Hawk helicopters of various types are in service worldwide.
These helicopters are equipped with state-of-the-art digital avionics, robust GE engines and resilient airframe structures. Additionally, the inclusion of composite wide-chord rotor blades enhances the BLACK HAWK&#39;s survivability, situational awareness and overall performance.
Lockheed&#39;s commitment to innovation is further exemplified by the UH-60M, the latest iteration of the BLACK HAWK family. This model is superior in every aspect, offering greater payload capacity, extended range and improved handling. The advanced digital avionics suite integrated into the UH-60M significantly boosts situational awareness and interoperability, which are vital for modern combat scenarios. The helicopter also features active vibration control and enhanced survivability, making it more capable and reliable than its predecessors.
Lockheed&#39;s focus on integrating advanced features into its helicopters has resulted in a steady stream of orders, as demonstrated by recent contract wins, including the latest one. This, in turn, is expected to drive continued revenue growth for Lockheed&#39;s Sikorsky business unit, ensuring the company&#39;s prominence in the combat helicopter market in the future.
<h3>LMT&#39;s Growth Opportunities</h3>
Recent advancements and the integration of new tactical, logistical and essential features have significantly boosted the prominence and demand for U.S. military helicopters. As one of the leading manufacturers in the combat helicopter industry, Lockheed is well-positioned to capitalize on this trend, with its portfolio containing combat-proven programs like Black Hawk, MH-60R Seahawk, HH-60W Combat Rescue, CH-148 Cyclone, S-97 Raider and CH-53K King Stallion heavy-lift helicopters. The recent contract award is a decent example of this continued success.
Looking ahead, rising geopolitical tensions and cross-border conflicts are prompting nations to increase defense spending on new aircraft and helicopters to enhance their aerial capabilities. According to a report by the Mordor Intelligence firm, the military helicopter market is projected to witness a compound annual growth rate (CAGR) of 2.9% between 2024 and 2030.
<h3>Prospects for Peers</h3>
Other defense companies that should enjoy the perks of the expanding military helicopter market have been discussed below.
Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>): The company&#39;s helicopters are renowned for their leading-edge, ready and relevant solutions that deliver proven capabilities. Boeing&#39;s product portfolio includes combat helicopters and rotorcraft like the CH-47 Chinook, AH-64 Apache, AH-6 Little Bird and V-22 Osprey.
Boeing has a long-term (three to five years) earnings growth rate of 21.3%. The Zacks Consensus Estimate for BA&#39;s third-quarter 2024 sales indicates an improvement of 10.8% from the prior-year quarter&#39;s reported figure.
Airbus Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>): It is one of the world&#39;s largest suppliers of advanced military helicopters. Its product portfolio includes the H135 combat helicopter, the H145M helicopter, the AS565 MBe Panther, H160M, H175M, H215M, H225M and a few more.
Airbus&#39; long-term earnings growth rate is 13.9%. The consensus estimate for EADSY&#39;s 2024 sales indicates an improvement of 7.2% from the 2023 reported figure.
Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>): Its Bell unit is one of the leading suppliers of helicopters to the U.S. government. In association with Boeing, this unit is the only supplier of military tiltrotor aircraft. Some of TXT&#39;s key programs are AH-1Z helicopter, V-22 tiltrotor, V-247 and V280 aircraft.
Textron boasts a long-term earnings growth rate of 10.1%. The Zacks Consensus Estimate for TXT&#39;s 2024 sales indicates an improvement of 5.6% from the 2023 reported figure.
<h3>Price Movement</h3>
In the past year, shares of Lockheed have surged 22.7% against the industry&#39;s decline of 1.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/23/75346.jpg?v=1639593864" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Lockheed currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2326916/lockheed-lmt-wins-a-contract-for-hh-60m-black-hawk-helicopters?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2326916">To read this article on Zacks.com click here.</a>

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EADSY

Lockheed Wins a Contract for HH-60M Black Hawk Helicopters

US Aerospace & Defense Analyst Kahyaoglu and Euro Aerospace & Defense Analyst Lemarie discuss 3Q reported earnings (relevant companies BA, HXL, RTX...

Jefferies aerospace & defense analysts hold analyst/industry conference call

J.P. Morgan analyst Seth Seifman maintained a Hold rating on Textron (TXT – Research Report) on October 25 and set a price target of $90.00. The co...

J.P. Morgan Remains a Hold on Textron (TXT)

Meeting to be held in San Francisco on November 6 and in Los Angeles on November 7 hosted by Jefferies. Published first on TheFly – the ultimate so...

Textron management to meet with Jefferies

As defense spending ramps up, the aerospace and defense industry presents substantial investment potential, fueled by increasing demand for advanced technologies, military modernization, and rising government contracts. With these trends in mind, investors could consider fundamentally strong aerospace stocks Textron (TXT), Lockheed Martin (LMT), and Northrop Grumman (NOC) and as the sector continues to grow. Keep reading... Rising global defense budgets and ongoing geopolitical tensions drive growth in the military aerospace sector as governments focus on bolstering military capabilities and increasing demand for advanced aircraft and defense technologies.
With rising demand for advanced aerospace solutions and defense technologies, top aerospace stocks Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>), Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>), and Northrop Grumman (<a href="https://stocknews.com/stock/NOC/">NOC</a>) are well-positioned to benefit from increased defense contracts and technological advancements. These companies also pay stable dividends.
Driven by rising conflicts and country spending on defense, the aerospace and defense industry is experiencing strong growth, with the market projected to reach <a href="https://www.thebusinessresearchcompany.com/report/defense-global-market-report">$616.32 billion in 2024</a>.
Further, the aerospace market is driven by commercial aviation growth and heightened global defense needs. Meanwhile, increasing defense budgets and complex geopolitical tensions stimulate investment in military aviation and technology, bolstering the aerospace industry's long-term sustainability and economic health.
The global aerospace market is expected to reach $373.61 billion in 2024 and is anticipated to reach around $791.78 billion by 2034, expanding at a <a href="https://www.precedenceresearch.com/aerospace-market">CAGR of 7.8%</a>.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> stocks in detail.
Stock #3: Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>)
Textron Inc. operates globally through its Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance segments. Its end users include military and defense organizations, aviation operators, automobile OEMs, government agencies, municipalities, golf courses, resorts, commercial and industrial users, and consumers.
On October 21, 2024, TXT announced Ryan Samples as the launch customer for its Cessna Citation CJ4 Gen3 business jet. This new model reflects Textron Aviation's commitment to excellence, with Samples expressing excitement about enhancing their travel capabilities with the upgraded aircraft.
It pays an annual dividend of $0.08, which translates to a dividend yield of 0.1% at the prevailing price levels.
TXT's total revenue increased 2.5% year-over-year to $3.43 billion in the fiscal 2024 third quarter that ended on September 28, 2024. Its net income came in at $223 million, while its adjusted income from continuing operations came at $1.40 per share.
Street expects TXT's revenue for the fiscal first quarter (ending March 31, 2024) to rise 6.4% year over year to $3.78 billion. Its EPS for the same quarter is expected to be $1.38, up 15.1% from the previous year quarter.
Shares of TXT have gained 14.1% over the past year and 9.3% year-to-date to close the last trading session at $87.87.
TXT's bright prospects are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has a B grade for Value and Momentum. Within this industry, it is ranked #10 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> industry.
Click <a href="https://stocknews.com/stock/TXT/">here</a> to see TXT's ratings for Growth, Stability, Quality, and Sentiment.
Stock #2: Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>)
LMT operates globally through its Aeronautics, Missiles &amp; Fire Control, Rotary &amp; Mission Systems, and Space segments. Its end users include the U.S. government, international military clients, and intelligence agencies, focusing on defense, aviation, and national security.
On November 7, LMT entered into a collaboration with the U.S. Navy and General Atomics and successfully completed the first live-control flight of an uncrewed system using the Unmanned Carrier Aviation Mission Control Station (UMCS), marking a major advancement in autonomous naval aviation.
On October 30, LMT completed its acquisition of Terran Orbital, a modular spacecraft manufacturer, including subsidiary Tyvak International. This acquisition strengthens Lockheed's capabilities in aerospace and defense, with President Robert Lightfoot highlighting the value of Terran's innovation and shared commitment to mission success.
It pays an annual dividend of $13.20, which translates to a dividend yield of 2.4% at the prevailing price levels.
During the fiscal third quarter that ended September 29, 2024, LMT's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 1.3% year-over-year to $17.10 billion. Its operating income grew 4.8% from the year-ago value to $2.14 billion. In addition, the company's net earnings came in at $1.62 billion, and EPS amounted to $6.80, up 1% over the prior-year quarter.
Analysts expect LMT's EPS and revenue for the fiscal year ending December 2025 to rise 4.4% and 4% year to $27.855 and $74.10 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 22.6% to close the last trading session at $551.84. It soared 21.8% year-to-date.
LMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
LMT has a B grade in Value, Momentum, Stability, and Quality. It is ranked #4 in the same industry
Beyond what we have stated above, we also have given LMT grades for Growth. Get all the LMT's ratings <a href="https://stocknews.com/stock/LMT/">here</a>.
Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>)
NOC operates globally through its Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems segments.  The end users primarily include the U.S. government, particularly the Department of Defense, along with international defense organizations.
On September 18, NOC's B-21 Raider program is advancing with a strong flight test campaign and production scaling, in collaboration with the U.S. Air Force. Through this successful flight testing and validation, NOC's product reliability and cost-efficiency will increase due to reduced development time and expenses.
It pays an annual dividend of $8.24, which translates to a dividend yield of 1.6% at the prevailing price levels.
In the fiscal third quarter ended September 30, 2024, NOC's total sales increased 2.3% year-over-year to $10 billion. Its total operating income was $1.12 billion, up 10.2% from the year-ago value. Moreover, its net earnings and EPS stood at $1.03 billion and $7, respectively, representing increases of 9.5% and 13.3% over the prior-year quarter.
Street expects NOC's revenue and EPS for the quarter ending December 31, 2024, to increase 3.1% and 1.4% year-over-year to $10.96 billion and $6.36, respectively. It surpassed the consensus EPS estimates in all the trailing four quarters.
The stock climbed 11.2% year-to-date and 11.3% over the past year to close the last trading session at $520.58.
NOC's POWR Ratings reflect strong prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B for Momentum, Stability, and Sentiment. It is ranked #3 in the same industry.
To access NOC's Growth, Value, and Quality ratings, click <a href="https://stocknews.com/stock/NOC/">here</a>.
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<hr />
LMT shares were unchanged in premarket trading Friday. Year-to-date, LMT has gained 24.16%, versus a 26.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/lmt-noc-txt-3-aerospace-stocks-set-to-soar-with-defense-spending/>3 Aerospace Stocks Set to Soar with Defense Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Aerospace Stocks Set to Soar with Defense Spending

Textron (TXT) was awarded a $394.3M fixed-price incentive, cost-plus-fixed-fee modification to definitize a previously awarded letter contract for ...

Textron awarded $394.3M Navy contract modification

As defense spending ramps up, the aerospace and defense industry presents substantial investment potential, fueled by increasing demand for advanced technologies, military modernization, and rising government contracts. With these trends in mind, investors could consider fundamentally strong aerospace stocks Textron (TXT), Lockheed Martin (LMT), and Northrop Grumman (NOC) and as the sector continues to grow. Keep reading... Rising global defense budgets and ongoing geopolitical tensions drive growth in the military aerospace sector as governments focus on bolstering military capabilities and increasing demand for advanced aircraft and defense technologies.
With rising demand for advanced aerospace solutions and defense technologies, top aerospace stocks Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>), Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>), and Northrop Grumman (<a href="https://stocknews.com/stock/NOC/">NOC</a>) are well-positioned to benefit from increased defense contracts and technological advancements. These companies also pay stable dividends.
Driven by rising conflicts and country spending on defense, the aerospace and defense industry is experiencing strong growth, with the market projected to reach <a href="https://www.thebusinessresearchcompany.com/report/defense-global-market-report">$616.32 billion in 2024</a>.
Further, the aerospace market is driven by commercial aviation growth and heightened global defense needs. Meanwhile, increasing defense budgets and complex geopolitical tensions stimulate investment in military aviation and technology, bolstering the aerospace industry's long-term sustainability and economic health.
The global aerospace market is expected to reach $373.61 billion in 2024 and is anticipated to reach around $791.78 billion by 2034, expanding at a <a href="https://www.precedenceresearch.com/aerospace-market">CAGR of 7.8%</a>.
Considering these conducive trends, let's examine the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> stocks in detail.
Stock #3: Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>)
Textron Inc. operates globally through its Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance segments. Its end users include military and defense organizations, aviation operators, automobile OEMs, government agencies, municipalities, golf courses, resorts, commercial and industrial users, and consumers.
On October 21, 2024, TXT announced Ryan Samples as the launch customer for its Cessna Citation CJ4 Gen3 business jet. This new model reflects Textron Aviation's commitment to excellence, with Samples expressing excitement about enhancing their travel capabilities with the upgraded aircraft.
It pays an annual dividend of $0.08, which translates to a dividend yield of 0.1% at the prevailing price levels.
TXT's total revenue increased 2.5% year-over-year to $3.43 billion in the fiscal 2024 third quarter that ended on September 28, 2024. Its net income came in at $223 million, while its adjusted income from continuing operations came at $1.40 per share.
Street expects TXT's revenue for the fiscal first quarter (ending March 31, 2024) to rise 6.4% year over year to $3.78 billion. Its EPS for the same quarter is expected to be $1.38, up 15.1% from the previous year quarter.
Shares of TXT have gained 14.1% over the past year and 9.3% year-to-date to close the last trading session at $87.87.
TXT's bright prospects are apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has a B grade for Value and Momentum. Within this industry, it is ranked #10 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> industry.
Click <a href="https://stocknews.com/stock/TXT/">here</a> to see TXT's ratings for Growth, Stability, Quality, and Sentiment.
Stock #2: Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>)
LMT operates globally through its Aeronautics, Missiles &amp; Fire Control, Rotary &amp; Mission Systems, and Space segments. Its end users include the U.S. government, international military clients, and intelligence agencies, focusing on defense, aviation, and national security.
On November 7, LMT entered into a collaboration with the U.S. Navy and General Atomics and successfully completed the first live-control flight of an uncrewed system using the Unmanned Carrier Aviation Mission Control Station (UMCS), marking a major advancement in autonomous naval aviation.
On October 30, LMT completed its acquisition of Terran Orbital, a modular spacecraft manufacturer, including subsidiary Tyvak International. This acquisition strengthens Lockheed's capabilities in aerospace and defense, with President Robert Lightfoot highlighting the value of Terran's innovation and shared commitment to mission success.
It pays an annual dividend of $13.20, which translates to a dividend yield of 2.4% at the prevailing price levels.
During the fiscal third quarter that ended September 29, 2024, LMT's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> increased 1.3% year-over-year to $17.10 billion. Its operating income grew 4.8% from the year-ago value to $2.14 billion. In addition, the company's net earnings came in at $1.62 billion, and EPS amounted to $6.80, up 1% over the prior-year quarter.
Analysts expect LMT's EPS and revenue for the fiscal year ending December 2025 to rise 4.4% and 4% year to $27.855 and $74.10 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 22.6% to close the last trading session at $551.84. It soared 21.8% year-to-date.
LMT's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
LMT has a B grade in Value, Momentum, Stability, and Quality. It is ranked #4 in the same industry
Beyond what we have stated above, we also have given LMT grades for Growth. Get all the LMT's ratings <a href="https://stocknews.com/stock/LMT/">here</a>.
Stock #1: Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>)
NOC operates globally through its Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems segments.  The end users primarily include the U.S. government, particularly the Department of Defense, along with international defense organizations.
On September 18, NOC's B-21 Raider program is advancing with a strong flight test campaign and production scaling, in collaboration with the U.S. Air Force. Through this successful flight testing and validation, NOC's product reliability and cost-efficiency will increase due to reduced development time and expenses.
It pays an annual dividend of $8.24, which translates to a dividend yield of 1.6% at the prevailing price levels.
In the fiscal third quarter ended September 30, 2024, NOC's total sales increased 2.3% year-over-year to $10 billion. Its total operating income was $1.12 billion, up 10.2% from the year-ago value. Moreover, its net earnings and EPS stood at $1.03 billion and $7, respectively, representing increases of 9.5% and 13.3% over the prior-year quarter.
Street expects NOC's revenue and EPS for the quarter ending December 31, 2024, to increase 3.1% and 1.4% year-over-year to $10.96 billion and $6.36, respectively. It surpassed the consensus EPS estimates in all the trailing four quarters.
The stock climbed 11.2% year-to-date and 11.3% over the past year to close the last trading session at $520.58.
NOC's POWR Ratings reflect strong prospects. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
It has a B for Momentum, Stability, and Sentiment. It is ranked #3 in the same industry.
To access NOC's Growth, Value, and Quality ratings, click <a href="https://stocknews.com/stock/NOC/">here</a>.
What To Do Next?
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<hr />
LMT shares were unchanged in premarket trading Friday. Year-to-date, LMT has gained 24.16%, versus a 26.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/lmt-noc-txt-3-aerospace-stocks-set-to-soar-with-defense-spending/>3 Aerospace Stocks Set to Soar with Defense Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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