• Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup
    Bloomberg

    Tech Firm’s 2020 Rally Exceeds 100% With Deal for AI Startup

    (Bloomberg) -- Software provider Kinaxis Inc. surged to a record high as it completed a deal for Rubikloud Technologies Inc. to boost its artificial intelligence capabilities.Ottawa-based Kinaxis, whose clients include Unilever NV and Lockheed Martin Corp., briefly passed $4 billion in market value for the first time Thursday amid a broad rally in Canadian technology stocks. The firm sells products that help companies manage supply chains, sales and operations.Its 103% rise this year makes it the fourth-best performing stock on the S&P/TSX Composite Index. The Covid-19 crisis has helped the business as global supply chains have been disrupted: Kinaxis has seen a 20% increase in user activity since January, Chief Executive Officer John Sicard said in an interview.“There’s never been a time where we’re more relevant, and especially under this particular crisis where all supply chains are experiencing a tremendous amount of volatility and disruption,” Sicard said, describing his company as “Canada’s best-kept secret.”The firm seized on Rubikloud to fill a gap in its product lineup. The target company, co-founded in 2013 by Kerry Liu, serves the enterprise retail industry, which Kinaxis did not.“Retail is not a vertical they’re currently in, but one that obviously, if you want to be a global leader in supply chain, you can’t ignore,” Liu said.Machine LearningThe Toronto startup has also made more advances in artificial intelligence and machine learning than Kinaxis has, Sicard said. These include helping clients predict the demand for an item so that they can determine appropriate pricing, according to Liu.The $60 million cash deal, announced June 15, had been in the making for a few months. Although the two companies had known each other for years, it was only earlier this year when talks started to heat up. At a dinner at Sicard’s home in Kanata, an Ottawa suburb, the two men found themselves “nearly finishing each other’s sentences,” Sicard said.Soon after, they decided to join forces.“In the world of acquisitions you usually find out it’s someone south of the border buying up Canadian technology. It’s not as common to see a Canadian company creating a union with another Canadian company,” he added.Liu will lead strategic innovation at the company. “I see myself continuing to be an evangelist in the space,” he said. “I think it’s as much about understanding and making sure that I’m a subject matter expert where available and then working closely on figuring out what do we need to do in the supply chain together now in this new world.”Rubikloud is Kinaxis’s second acquisition since going public in 2014. In February, it bought Indian firm Prana Consulting Services Pvt. Ltd. for an undisclosed sum.The stock is well-liked by analysts with 10 buy ratings, two hold recommendations and no sells, according to data compiled by Bloomberg.(Adds more CEO comments in tenth paragraph and analyst data in last paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Raytheon Wins $495M Deal to Support AMRAAM Weapon System
    Zacks

    Raytheon Wins $495M Deal to Support AMRAAM Weapon System

    Raytheon Technologies (RTX) is set to offer non-warranty repairs, program support, contractor logistics support and service life prediction program analysis, supporting the AMRAAM weapon system

  • Elbit Systems Schedules Second Quarter 2020 Results Release For August 13, 2020
    PR Newswire

    Elbit Systems Schedules Second Quarter 2020 Results Release For August 13, 2020

    Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it will be releasing its second quarter 2020 financial results on Thursday, August 13, 2020.

  • 7 Most Powerful Navies In The World: 2020 Rankings
    Insider Monkey

    7 Most Powerful Navies In The World: 2020 Rankings

    The 7 most powerful navies in the world have spared no expense in ensuring the safety of their seas, and by proxy, their nations. Any country which has a sea needs a navy in order to protect its shores from other nations and ensure the safety of their own nation. Navies are generally used to protect their […]

  • Thomson Reuters StreetEvents

    Edited Transcript of SAIC.N earnings conference call or presentation 4-Jun-20 9:00pm GMT

    Q1 2021 Science Applications International Corp Earnings Call

  • Why Booz Allen (BAH) Could Beat Earnings Estimates Again
    Zacks

    Why Booz Allen (BAH) Could Beat Earnings Estimates Again

    Booz Allen (BAH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Defense Stock Roundup: Contract Wins Dominate Headlines, RTX, HII Score Big
    Zacks

    Defense Stock Roundup: Contract Wins Dominate Headlines, RTX, HII Score Big

    Over the past five trading sessions, the defense biggies put up a mixed show with Boeing and Lockheed Martin losing but Northrop and Textron recording gains.

  • Peter Thiel-Backed Surveillance Startup Anduril Is Valued at $1.9 Billion
    Bloomberg

    Peter Thiel-Backed Surveillance Startup Anduril Is Valued at $1.9 Billion

    (Bloomberg) -- Anduril Industries Inc., a Southern California startup that builds technology for military agencies and border surveillance, said it raised a new funding round nearly doubling the company’s valuation to $1.9 billion.Silicon Valley money has rapidly propelled the three-year-old company. Venture capital firm Andreessen Horowitz led the latest financing, which totaled $200 million. The investment firm also participated in a deal about a year ago, along with Peter Thiel’s Founders Fund and other VCs, that valued Anduril at about $1 billion. That was four times the valuation from a year earlier.The business is controversial. Anduril builds surveillance towers and drones, along with software to automatically monitor areas like international borders and the perimeter of military bases. “We founded Anduril because we believe there is value in Silicon Valley technology companies partnering with the Department of Defense,” Brian Schimpf, the chief executive officer of Anduril, said in a statement Wednesday.But it’s Anduril’s work with other agencies that draws the greatest criticism. The company’s first government contracts were with U.S. Customs and Border Protection, where it put up towers along the U.S.-Mexican border. Mark Morgan, the acting commissioner of the agency, told Congress in February that immigration authorities planned to have 200 autonomous surveillance towers in place this year. On Thursday, Customs and Border Protection said in a statement that the tower system was a “program of record,” meaning it’s essential enough to have a dedicated line of funding from Congress, and that the towers would operate 24 hours a day, independent of the electrical grid. Few VC-backed startups have seriously pursued military contracts, mostly ceding the field to huge, politically connected defense contractors like Lockheed Martin Corp., Raytheon Technologies Corp., and Boeing Co. This is partially due to the impression that small companies will get too bogged down in government work to become profitable and partially because of political controversies surrounding high-tech surveillance and autonomous weapons.Anduril was founded in 2017 on the idea that such hesitation is an opportunity. Founders of the Irvine, California-based company include veterans of Thiel’s Palantir Technologies Inc.—a major contractor to government agencies including immigration officials—as well as Palmer Luckey, a vocal supporter of Donald Trump whose 2017 departure from Facebook Inc. became a flashpoint in an intramural political debate in Silicon Valley.Last year, Anduril expanded beyond surveillance, building a system of small drones that will automatically ram targets that enter contested airspace. Its initial pitch is to defend against small drones used to surveil or attack military bases, though Anduril has said the product could be expanded to combat larger targets in the future. Marc Andreessen described Anduril in a blog post last fall as part of a “new generation of Silicon Valley-style defense vendors.”Anduril now has more than 30 federal contracts which could be worth over $200 million, according to an analysis by Tech Inquiry, a research group. Anduril has said it works with U.S. allies, too, including the U.K. Ministry of Defense.(Updates with Customs and Border Protection statement in the fourth paragraph.  )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Benzinga

    Huntington Ingalls: Price Over Earnings Overview

    In the current market session, Huntington Ingalls Industries Inc. (NYSE: HII) is trading at $176.23, after a 0.95% increase. However, over the past month, the stock decreased by 11.97%, and in the past year, by 23.75%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 19.77%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Aerospace & Defense stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of the 36.1 in the Aerospace & Defense industry, Huntington Ingalls Indus Inc. has a lower P/E ratio of 11.92. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to P/E ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * A Peek Into Textron's Price Over Earnings * A Look Into Northrop Grumman's Price Over Earnings * P/E Ratio Insights for United Parcel Service(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Booz Allen (BAH) Stock Up 16.6% in a Year: What's Aiding It?
    Zacks

    Booz Allen (BAH) Stock Up 16.6% in a Year: What's Aiding It?

    Consecutive better-than-expected top- and bottom-line performance and contributions from Vision 2020 and differentiated business model benefit Booz Allen (BAH).

  • Benzinga

    A Look Into Northrop Grumman's Price Over Earnings

    In the current market session, Northrop Grumman Inc. (NYSE: NOC) is trading at $308.62, after a 0.26% rise. However, over the past month, the stock decreased by 8.14%, and in the past year, by 5.10%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently higher from its 52 week low by 17.21%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Aerospace & Defense stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of the 35.65 in the Aerospace & Defense industry, Northrop Grumman Inc. has a lower P/E ratio of 23.1. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.Price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * P/E Ratio Insights for Northrop Grumman(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Lockheed (LMT) Wins $361M Deal for F-35C Carrier Variant
    Zacks

    Lockheed (LMT) Wins $361M Deal for F-35C Carrier Variant

    Lockheed's (LMT) F-35C carrier variant (CV) is the world's only 5th Generation, long-range stealth strike fighter designed and built explicitly for carrier operations.

  • Mercury's (MRCY) RF Solutions to Support Naval Application
    Zacks

    Mercury's (MRCY) RF Solutions to Support Naval Application

    Mercury (MRCY) receives a $25-million order for its integrated RF and digital subsystems, underlining its focus on developing advanced RF conversion and digital signal processing technologies.

  • Northrop Wins $54M Navy Deal to Support E-2D AHE Program
    Zacks

    Northrop Wins $54M Navy Deal to Support E-2D AHE Program

    Northrop Grumman (NOC) is supported by industry leaders, such as Lockheed Martin, L-3 Technologies, Raytheon Technologies and others, in the development of the E-2D AHE program.

  • Thomson Reuters StreetEvents

    Edited Transcript of BAH.N earnings conference call or presentation 26-May-20 12:00pm GMT

    Q4 2020 Booz Allen Hamilton Holding Corp Earnings Call

  • Reuters

    Israel's Elbit Systems wins $53 million contract from navy in Asia

    Israeli defence firm Elbit Systems said on Wednesday it won a contract worth about $53 million to provide and integrate intelligence suites onboard vessels of the navy of a country in southeast Asia. Elbit Systems said it will equip several vessels with suites that provide the capability to perform complex reconnaissance missions. It will supply electronic intelligence systems, naval tactical communication intelligence systems and jamming capabilities, electro-optical payloads, mounted sonars, underwater communication systems and combat management systems.

  • Reuters

    Israel's Elbit Systems wins $53 mln contract from navy in Asia

    Israeli defence firm Elbit Systems said on Wednesday it won a contract worth about $53 million to provide and integrate intelligence suites onboard vessels of the navy of a country in southeast Asia. Elbit Systems said it will equip several vessels with suites that provide the capability to perform complex reconnaissance missions. It will supply electronic intelligence systems, naval tactical communication intelligence systems and jamming capabilities, electro-optical payloads, mounted sonars, underwater communication systems and combat management systems.

  • Third Lockheed Martin-Built GPS III Satellite Now Climbing To Orbit On Its Own Power
    PR Newswire

    Third Lockheed Martin-Built GPS III Satellite Now Climbing To Orbit On Its Own Power

    After a successful launch this afternoon, the third Lockheed Martin (NYSE: LMT)-built GPS III satellite is now headed to orbit under its own propulsion. The satellite has separated from its rocket and is using onboard power to climb to its operational orbit, approximately 12,550 miles above the Earth.

  • GlobeNewswire

    Mercury Systems Receives $25M Integrated Subsystems Order for Electronic Support Application

    The order was booked in the Company’s fiscal 2020 fourth quarter and is expected to be shipped over the next several quarters. “Receiving this follow-on order demonstrates our focus on developing the most advanced RF conversion and digital signal processing technologies and making them profoundly more accessible to the defense industry,” said Neal Austin, Vice President and General Manager of Mercury's Embedded Sensor Processing group. Mercury is accelerating innovation for its customers as the Company bridges the gap between commercial technology and defense applications to meet the industry’s current and emerging needs.

  • Benzinga

    Cramer Gives His Opinion On Lockheed Martin, Gap And More

    On CNBC's "Mad Money Lightning Round," Jim Cramer said he prefers Square Inc (NYSE: SQ) and Paypal Holdings Inc (NASDAQ: PYPL) over Discover Financial Services (NYSE: DFS).Cramer is a buyer of Lockheed Martin Corporation (NYSE: LMT). He has faith in James Taicle, its CEO.Union Pacific Corporation (NYSE: UNP) is a great stock and so many good things are happening there, said Cramer.Kanye West is a big signing for Gap Inc (NYSE: GPS), said Cramer. He added that it could go to $15, but not beyond that because it's in too many malls.Cramer advised his viewer to sell a part of his position in Inovio Pharmaceuticals Inc (NASDAQ: INO) and play with the house money.Weis Markets, Inc. (NYSE: WMK) is a value play, said Cramer. He added that it is not going to shoot the lights out, but it's good.See more from Benzinga * Carter Worth And Mike Khouw's TLT Trade * Fast Money Picks For June 29 * Cramer Shares His Thoughts On Yeti, American Airlines And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.