Morgan Stanley analyst Kristine T Liwag, on the eve of the President’s FY24 budget request on March 9, spoke with a host of Defense and Government Services companies to know the pulse.
The multiple management teams and industry experts suggested they expect to see about 3% - 5% growth in the topline above FY23 enacted levels.
China has set a target of approximately 5% economic growth in 2023, its lowest target in over 30 years while increasing its defense budget.
What Happened: President Xi Jinping is seeking to restore the pre-COVID-19 pandemic levels of growth, and the low 5% target could be indicative of China’s increasing headwinds.
The main contractors for the latest planned package are Raytheon Technologies Corp. and Lockheed Martin Corp., which is also building the F-16 jets. The first of the 66 aircraft is on schedule to be delivered in the
KULR Technology Group, Inc (NYSE: KULR) bagged a $2.68 million follow-on contract as the exclusive supplier of its patented and proprietary fail-safe Passive Propagation Resistant battery solutions for a stationary and mobile lithium-ion battery power system manufacturer.
H3X Technologies today announced the completion of an investment by Lockheed Martin Ventures (LMV), the venture arm of Lockheed Martin Corporation (NYSE:LMT), a global security and aerospace company. H3X designs and
One year has passed since one of the largest international conflicts of the last decade escalated between Russia and Ukraine. Here’s a look at what happened and how the S&P 500 has performed since the start of the war.