Thailand to Buy 12 Swedish Gripen Fighters in Modernization Push
The air force announced Wednesday it has chosen the Gripen E/F jets from maker Saab AB to replace its aging fleet of US-made F-16s, with the acquisition to occur over three phases in a 10-year period.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
26 minutes ago
- CNN
Last look: Can the world afford a new global arms race?
Fareed explains how military spending is surging globally — and how it's forcing countries to make tough decisions on how to pay for it.
Yahoo
5 hours ago
- Yahoo
BWX Earnings: What To Look For From BWXT
Aerospace and defense company BWX (NYSE:BWXT) will be reporting earnings this Monday after market hours. Here's what you need to know. BWX beat analysts' revenue expectations by 5.1% last quarter, reporting revenues of $682.3 million, up 13% year on year. It was a very strong quarter for the company, with a solid beat of analysts' EBITDA estimates and a solid beat of analysts' adjusted operating income estimates. Is BWX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting BWX's revenue to grow 4.5% year on year to $712.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.79 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BWX has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 4.8% on average. Looking at BWX's peers in the defense contractors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. General Dynamics delivered year-on-year revenue growth of 8.9%, beating analysts' expectations by 5.7%, and Northrop Grumman reported revenues up 1.3%, topping estimates by 3%. General Dynamics traded up 5.7% following the results while Northrop Grumman was also up 10.4%. Read our full analysis of General Dynamics's results here and Northrop Grumman's results here. Investors in the defense contractors segment have had steady hands going into earnings, with share prices flat over the last month. BWX is up 4.4% during the same time and is heading into earnings with an average analyst price target of $148.30 (compared to the current share price of $150.18). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
Trade Minister Maninder Sidhu eyes new markets, smaller trade delegations
OTTAWA — Ottawa's new trade minister says he's looking to sign deals in South America, Southeast Asia, Africa and beyond — and to convince businesses to actually use the trade agreements Canada has already signed. "My primary role as Canada's top salesman is to be out there hustling, opening doors for businesses and accessing new markets," Maninder Sidhu told The Canadian Press. "My phone has been ringing with opportunities because people want to deal with reliable, stable trading partners." Prime Minister Mark Carney has tasked Dominic LeBlanc as minister responsible for Canada-U.S. trade. Sidhu's job focuses on countries other than the U.S. Export Development Canada says Ottawa has 15 free trade agreements covering 51 countries, offering Canadian exporters preferential access to over 1.5 billion consumers. But Sidhu said Canadian businesses could be doing a lot more to look beyond the U.S., particularly as Washington threatens and imposes a range of tariffs. Sidhu served four years as a parliamentary secretary in roles reflecting all three branches of Global Affairs Canada: aid, trade and diplomacy. The job saw him represent Canada in trade promotion events in Southeast Asia and security forums in the Caribbean. Sidhu worked as a customs broker before politics — a job that focuses on navigating red tape and tariffs to secure the best rate for trading goods. Sidhu said he plans to visit Brazil soon as the South American country seeks to revive trade talks that kicked off in 2018 between the Mercosur trade bloc and Canada. His predecessor Mary Ng put an emphasis on large trade missions which took months to plan. The minister would sometimes fill a plane with corporate and business leaders, spending a substantial chunk of time in one or two countries. Sidhu said he is hoping to bring smaller delegations of companies with him on his trips abroad, with a focus on specific sectors, "whether it's South America, Indo-Pacific to Europe, to Africa." "Businesses feel like they're heard, but they're also getting higher-level meetings on the opposite side in the countries that we take them into," he said. Ottawa is navigating its trade ties with China as the two countries work to revive the decades-old Joint Economic and Trade Commission, a forum to sort out trade irritants. China has been roundly accused of engaging in coercive trade practices and of restricting certain commodities or services like tourism during political disagreements with Ottawa. Sidhu said the goal there is to offer "stability" to industry, with an emphasis on "how do we work through those challenges, and how do we make sure that those conversations are facilitated." Sidhu also downplayed the chances of a bilateral trade deal with the United Kingdom. Trade talks collapsed last year over the U.K.'s desire to sell more cheese in Canada and after Britain blocked Canadian hormone-treated beef. Both countries are using a temporary deal put in place after Britain left the European Union, and the U.K. will soon enter a trade bloc that focuses on the Pacific Rim, Sidhu noted. He said Canada would still be open to a full deal. "If U.K. and Canadian businesses already have access on 99 per cent of the items that we trade, then if we're looking at trade agreements, we need to make sure that we're getting the best value for our negotiations," Sidhu said. He also said Canada could consider "sector-specific agreements" with other countries, instead of comprehensive deals that span most industries. "We are getting very creative in how we can open up more doors," he said. Sidhu did not name specific countries where Canada might pursue sector-specific agreements. Canada had been looking at a trade agreement with India that would be limited to certain sectors — before Ottawa suspended talks in 2023 following an assassination the RCMP has linked to New Delhi. Ottawa launched security talks with India this spring and agreed to re-establish high commissioners. Sidhu was circumspect when asked when Canada might re-establish trade talks with India. "This is a step-by-step approach," he said, adding that the eventual return of top envoys will help "to carry out those very important conversations." Sidhu said Global Affairs Canada is still sorting out how Carney's decision to cut spending in all departments will affect the trade branch. "It's really going to be a focused approach, of where we can make the best impact," Sidhu said. The Business Council of Canada has urged Ottawa to expand the number of trade commissioners, who provide the contacts on the ground for Canadian companies looking for export opportunities. While Sidhu did not say whether Ottawa's cuts will mean fewer trade commissioners, he said he's heard a clear message from chambers of commerce that these positions are extremely valuable. "It comes down to return on investments, what programs are working (and) where can we get the best bang for our buck for Canadian industry and Canadian workers," he said. "A lot of the business community doesn't even know that (the Trade Commissioner Service) is there to help. And so my job is to help amplify that." This report by The Canadian Press was first published Aug. 3, 2025. Dylan Robertson, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
