The Latest Breaking News from Aerospace

The awards for 2023 have been announced and include a number of influential business figures from across the West Country

The partnership has been hailed as an 'exciting opportunity'.

Increased global military spending and Biden's commitment to supporting Ukraine in the fight against Russia should benefit the aerospace & defense industry. Therefore, outperforming aerospace and defense stocks, L3Harris (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC), Elbit Systems (ESLT), and General Dynamics (GD), could be solid investments.

General Dynamics Corp (NYSE:GD) reported first-quarter FY22 revenue of $9.4 billion, flat year-over-year, beating the consensus of $9 billion. Sales by segments: Aerospace $1.90 billion (+0.8% Y/Y), Marine Systems $2.65 billion (+6.8% Y/Y), Combat Systems $1.68 billion (-8% Y/Y) and Technologies $3.16 billion (-1.1% Y/Y). EPS increased by 5.2% Y/Y to $2.61, beating…

L3Harris shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 87.

Astronics Corp (NASDAQ:ATRO) reported Q4 preliminary revenue of $116 million (+1.1% year-over-year) and preliminary bookings of $177 million (+52.6% Y/Y) for a book-to-bill of 1.5. The Q4 revenue included $99 million from the Aerospace segment and $17 million from the Test segment. Bookings for the Aerospace segment were ~$147 million, nearly…

Eaton Corp PLC (NYSE:ETN) reported fourth-quarter net sales growth of 2.4% year-over-year to $4.798 billion, missing the consensus of $4.90 billion. The sales increase consisted of 6% organic growth and 7% growth from acquisitions, offset by 10% from the divestiture of the Hydraulics business and 1% from unfavorable currency translation. Sales by segments:…

General Dynamics Corp (NYSE:GD) reported a fourth-quarter FY21 revenue decline of 1.8% year-over-year to $10.29 billion, missing the consensus of $10.67 billion. Sales by segments: Aerospace $2.56 billion (+5.1% Y/Y), Marine Systems $2.87 billion (+0.5% Y/Y), Combat Systems $1.89 billion (-3.7% Y/Y) and Technologies $2.97 billion (-7.9% Y/Y). EPS declined by 2.9% Y/Y…