|Bid||0.00 x 900|
|Ask||181.80 x 800|
|Day's Range||178.62 - 180.97|
|52 Week Range||144.27 - 210.89|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||16.70|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||3.77 (2.11%)|
|1y Target Est||209.41|
The Boeing Company's (BA) current forecast through 2028 has been made keeping in mind the U.S. government's ongoing efforts in modernizing various military platforms and systems.
Israel-based Elbit Systems on Wednesday said it would keep an eye out for possible acquisitions if the proposed merger of U.S. aerospace companies Raytheon Co and United Technologies Corp triggers certain divestments. Kril said Elbit was committed to expanding in the United States, and would keep a close eye on any possible divestments ordered by U.S. authorities reviewing the proposed merger.
Heico Corp (NYSE:HEI) has been around since 1957. And since that time it has grown its business into a global provider of parts and equipment for aircraft, defense and industrial companies.Source: Karen Neoh via FlickrGiven all the talk generated in recent days by the merger between United Technologies (NYSE:UTX) and Raytheon (NYSE:RTN), it seemed timely to discuss other specialized and successful companies in the sector that don't get many headlines on a regular basis. The Landscape for HEI StockOf course, there's also the issue with Boeing (NYSE:BA) and its 737 Max8 grounding, which continues. Initially the airlines that owned the planes thought this was going to be a brief suspension of service but it continues to drag on as BA has released a greater number of protocol issues in drips and drabs, rather than coming clean at the outset of the investigation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt this point, there are other models that are now getting a good look after some concerns in production have been unearthed in the Max investigation.Add to that the delays that are happening with General Electric's (NYSE:GE) GE9x new engines for BA's massive 777X. * 7 Value Stocks to Buy for the Second Half What all this means for Heico is extra business. You see, modern aircraft are precision machines, and that means they perform at optimal levels, and that means parts wear out quickly.With fewer new planes deployed in airlines' fleets, the demand for parts increases. And that's very good news for HEI stock. In the past year, Heico is up 72% and it's up 66% year to date. Yet, it's only trading at a 58x trailing price-to-earnings ratio. Granted that's not a bargain, but it's below its growth rate.HEI reported fiscal Q2 numbers in late May, and they easily beat analysts' estimates as a whole. Each division also performed well.Another strength for Heico is that it works on both the defense and aerospace side of things as well as commercial aircraft. This means it's not beholden to growing defense budgets or winning those long-term contracts.Its global presence also allows it diversification into the powerful growth happening in commercial travel and logistics in Asia, particularly China. Its long history in the business demonstrates its ability to compete in this dynamic and expanding market.And with just a $15 billion market cap, this could very well be a takeover target for an airplane maker or an industrial conglomerate looking to get a foothold in the sector.Certainly the U.S. defense sector has been the center of attention recently with the UTX-RTN merger, but it's the commercial side that holds the greatest long-term potential.And with private companies moving into the space race, this is another big opportunity for Heico to grow its business. All this is why my Portfolio Grader gives HEI stock a strong A rating.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post Heico Stock Can Keep Your Portfolio Soaring appeared first on InvestorPlace.
Tests demonstrate improved guidance and targeting for Rolling Airframe Missile PARIS , June 19, 2019 /PRNewswire/ -- The U.S. Navy successfully completed a series of guided flight tests for Raytheon Company's ...
Short-range missile adds new layer for ground-based defense PARIS , June 19, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) launched an AIM-9X® Sidewinder Block II missile for the first time from a ...
PARIS , June 19, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has signed a strategic agreement with AirMap, the leading global airspace intelligence platform for drones, to collaborate on future projects ...
President Donald Trump on Tuesday said he’d hold “extended” talks with Chinese President Xi Jinping at next week’s G-20 summit, as he rebuked European Central Bank President Mario Draghi over a possible move to provide further monetary stimulus.
Raytheon and Northrop Grumman shares jumped Tuesday after the defense contractors announced they were teaming up to build hypersonic weapon engines.
"The types of developments our clients are looking for, Aureum fits that to a tee," says developer with a client roster including J.P. Morgan, Liberty Mutual, Toyota, State Farm and defense contractor Raytheon.
The Zacks Analyst Blog Highlights: Boeing, Lockheed, Raytheon, General Dynamics and Huntington
Raytheon Co NYSE:RTNView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for RTN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting RTN. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding RTN are favorable, with net inflows of $12.96 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. RTN credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Raytheon's (RTN) Tomahawk missiles is equipped to fly into heavily defended airspace more than 1,000 miles away to conduct precise strikes on high-value targets.
New proximity fuze enables troops to defeat emerging threats PARIS , June 18, 2019 /PRNewswire/ -- The U.S. Army is retrofitting Stinger® missiles , produced by Raytheon Company (NYSE: RTN), with proximity ...
President Donald Trump has announced that the acting US defence secretary Patrick Shanahan was stepping down from the post and withdrawing his nomination as the permanent head of the Pentagon. Writing on Twitter on Tuesday, Mr Trump said Mr Shanahan, a former Boeing executive, “has done a wonderful job” but decided not to go forward with the confirmation process in order to spend more time with his family. Earlier in the day USA Today reported that the FBI had been looking into allegations of domestic violence within the Shanahan family, complicating the background check that all senior officials must have as part of their confirmation process.
The Pentagon plans to spend billions of dollars on developing hypersonic weapons in the coming years as Russia and China work on similar capabilities. Northrop's scramjet engine technology uses the vehicle's high speed to forcibly compress incoming air before combustion to enable sustained flight at hypersonic speeds. Several weapons makers are competing against the Raytheon and Northrop team to develop the Hypersonic Air-breathing Weapon Concept, or HAWC program.
Industry team developing air-breathing hypersonic weapons PARIS , June 18, 2019 /PRNewswire/ -- Building on years of collaboration, Raytheon Company (NYSE: RTN) and Northrop Grumman Corporation (NYSE: ...
PARIS, June 18, 2019 /PRNewswire/ -- Raytheon Company (RTN) and Black Sage are now partnering through a formal teaming arrangement to provide an integrated drone detection and mitigation system for civil authorities, critical infrastructure and military organizations around the world. "As we saw at Gatwick and Heathrow airports, drones operating inside commercial air corridors are posing a real challenge," said Todd Probert, vice president of Raytheon Intelligence, Information and Services. "And though Raytheon has developed a range of counter-drone systems, from missiles to lasers to high-powered microwaves, authorities also need a system that can safely stop and land a drone where it may not be safe to shoot them down.
PARIS, June 17, 2019 /PRNewswire/ -- The U.S. military's V-22 joint program office and Raytheon Company (RTN) are testing a new artificial intelligence tool to help better determine when repairs are needed to the multi-mode radar installed on U.S. Air Force CV-22 Ospreys. "Just like you get your car's oil changed every 5,000 miles, whether you need to or not, the military generally repairs parts on their planes on a set schedule," said Matt Gilligan, vice president for Raytheon Intelligence, Information and Services. The capability mirrors how many commercial airlines perform fleet maintenance.
(Bloomberg Opinion) -- United Technologies Corp. CEO Greg Hayes dropped the bombshell news of his company’s merger with missile-maker Raytheon Co. just days before the start of the Paris Air Show, thereby ensuring rivals would have to answer questions about the deal at the industry’s premier event. The deal will turn United Technologies into a $74 billion commercial aviation and defense powerhouse, with the kind of scale and negotiating leverage that was previously only enjoyed by Boeing Co. and Airbus SE. Management at General Electric Co. and Honeywell International Inc. don’t seem in any rush to respond in kind, and they aren’t so sure bigger is better. But the United Technologies-Raytheon merger is so big that it will be impossible for them to ignore it.“We’ve never really considered scale as a part of our strategy,” Tim Mahoney, CEO of Honeywell Aerospace, said in an interview at the Air Show on Monday. The company prioritizes differentiated products that are more than a “me-too” and believes that will ultimately give it an advantage with manufacturers and airlines, he said. GE’s David Joyce, who heads up the company’s aerospace business, echoed that thought in a Bloomberg TV interview: “That merger may have scale but we have the right technologies and engines to be competitive.”During a media briefing earlier in the day, Joyce touted the advantages of GE’s Leap engine over the rival geared turbofan from United Technologies’ Pratt & Whitney arm, including what he says is a $1.4 million advantage in residual value and 6% better utilization. After the merger, GE’s biggest jet engine rivals will continue to be Pratt & Whitney and Rolls-Royce Holdings Plc, and “I feel really good about our positioning relative to either of those competitors right now,” Joyce said. The “right now” part of that sentence seems key. No, GE isn’t gaining a new competitor, but it is going to see a very different one.United Technologies and Raytheon are targeting $8 billion in annual R&D spending. GE Aviation spent $1.5 billion on R&D in 2018, including contributions from customers, according to its annual filing. That would put the aviation unit’s R&D spending at about 5% of sales. At the media briefing, Joyce said GE Aviation spends about 8% of its sales on R&D, which is based on $2.4 billion in total “engineering” spend. Either way, it’s less than the nearly 11% of United Technologies-Raytheon’s combined sales that will be devoted to investing in new products. Honeywell doesn’t disclose R&D spending by division, but spent $1.8 billion on company-sponsored R&D across all its businesses in 2018, according to its 10K. That’s roughly 4.3 percent of its total sales last year.The dollar amount isn’t everything. As GE itself knows far too well from its experience going down the rabbit hole on its Predix software platform, it’s quite easy to spend a lot of money without anything to show for it. And United Technologies will admittedly be distracted while it integrates not only Raytheon, but the $30 billion acquisition of avionics maker Rockwell Collins Inc., which only just closed in November. Not to mention it’s also trying to break itself in three parts. The company’s wager on scale is still highly untested and despite all the speculation about the sweeping consolidation its dealmaking might inspire, we haven’t seen much of that. Of the eight aerospace and defense deals larger than $5 billion over the past decade, United Technologies (or Rockwell Collins) has been involved as a buyer in four of them; United Technologies also sold its Sikorsky helicopter unit to Lockheed Martin Corp. for $9 billion in 2015. The party of bigger is better is pretty much a party of one – again, for now.Joyce interestingly said that while the United Technologies-Raytheon tie-up doesn’t make him feel compelled to act, he “wouldn’t rule out anything” when it comes to a deal with a good value proposition, and that he talks to CEO Larry Culp on a regular basis. That echoes increasingly frequent comments made by Culp about going on offense. I do wonder whether GE is thinking more seriously about dealmaking – or if it just wants investors to think that it is. As for the much-debated possible combination of GE Aviation and Honeywell Aerospace, I don’t get the impression the latter is that interested. Honeywell views acquisitions as a way to extend the capabilities of its businesses, rather than double down on more of the same, Mahoney said. He gives the example of Honeywell’s purchase of fuel-efficiency software maker Aviaso in 2015 for an undisclosed amount. Mahoney said he wished Aviaso was a larger business, which suggests he’s not opposed to bigger takeovers but only if the technology is really compelling.So don’t hold your breath on that one. But could there be other deals? Check back at next year’s Air Show in Farnborough. To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Washington is looking at imposing financial sanctions on Turkish firms beyond those that build parts for the Lockheed Martin F-35 fighter jet, over Ankara's plans to buy a Russian air defence system, a top Pentagon official said on Monday. Chief arms buyer Ellen Lord said U.S. officials viewed Turkey as an important NATO ally and urged it to drop its plans to buy the Russian-built S-400 air defence system so that its companies could continue to build critical parts for a wide range of other U.S. weapons systems beside the F-35 fighter jet.
PARIS , June 17, 2019 /PRNewswire/ -- Raytheon (NYSE: RTN) won a four-year $234 million initial low-rate production contract from the U.S. Navy to outfit all of its nuclear-powered aircraft carriers and ...
The recent attacks on oil tankers rattle the international petroleum market. If U.S. initiates a war in the Middle East, U.S. defense majors are likely to gain.
The latest contract will enable Raytheon (RTN) to conduct the DET, which expands the existing capabilities of the Integrated Defensive Electronic Countermeasures used in F/A-18E/F aircraft.