Lockheed Martin awarded $509.76M Air Force contract modification
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Newsweek
6 hours ago
- Newsweek
Major Russian Arms Buyer Chooses To Go American
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Vietnam will purchase helicopters from the United States for its police force, as Hanoi—historically reliant on Russian weaponry—deepens its partnership with Washington. A Reuters report also stated that Vietnam's Defense Ministry is negotiating with Lockheed Martin over the purchase of C-130 military transport aircraft. A spokesperson for the U.S. State Department referred Newsweek to the government of Vietnam regarding the Southeast Asian country's equipment procurement. The Vietnamese Ministry of Foreign Affairs did not immediately respond to a written request for comment. Why It Matters Vietnam and the United States—former adversaries during the Vietnam War, which ended in 1975—have been expanding their defense cooperation since Washington lifted its arms sales ban in 2016, after which Hanoi acquired U.S. coast guard vessels and training aircraft. Prior to its full-scale invasion of Ukraine in 2022, Russia was a major weapons supplier to Vietnam. However, the Southeast Asian country is now diversifying its arms sources and enhancing domestic weapons production, creating opportunities for American defense firms. Earlier in July, President Donald Trump announced a trade agreement with Vietnam, under which U.S. goods exported to the Vietnamese market will face zero tariffs. Choosing American defense equipment may also help narrow the U.S. trade deficit with Vietnam. What To Know Citing people with knowledge of the talks, Reuters reported on Thursday that Vietnam's Public Security Ministry has agreed to acquire two helicopters from Lockheed Martin as Vietnamese pilots have been training with the U.S. defense giant's S-92 helicopters. According to Lockheed Martin, this type of helicopter is capable of performing a range of missions, including offshore energy transport, search and rescue, and airline operations. A total of 28 countries operate the S-92 helicopter for both civilian and military purposes. An Alaska Air National Guard pilot is seen with a S-92 helicopter at Wiley Post–Will Rogers Memorial Airport in Utqiagvik, Alaska, on August 26, 2021. An Alaska Air National Guard pilot is seen with a S-92 helicopter at Wiley Post–Will Rogers Memorial Airport in Utqiagvik, Alaska, on August 26, 2021. U.S. Air National Guard/David Bedard In addition to the helicopter deal worth over $100 million, the report stated that Vietnam's Defense Ministry is negotiating with Lockheed Martin over the purchase of C-130 military transport aircraft—designed for airlift missions and currently operated by 23 countries. In response to a Newsweek request for comment, Lockheed Martin said questions regarding Vietnam's defense purchasing deliberations or decisions should be directed to the Vietnamese government. The U.S.-based defense analysis website 19FortyFive reported in April—citing sources—that Vietnam is expected to buy 24 F-16 fighter jets, also manufactured by Lockheed Martin, to supplement its combat aircraft fleet, which is composed mainly of Russian jets. What People Are Saying The U.S. Embassy in Vietnam commented: "The United States supports a strong, prosperous, and independent Vietnam that contributes to regional and international security; engages in mutually beneficial and balanced trade relations; respects human rights and the rule of law; and grows its economic cooperation with America to strengthen energy security, increase U.S. prosperity, increase cooperation in technology, and reinforce our shared commitment to a free and open Indo-Pacific." U.S. President Donald Trump announced on social media platform Truth Social on July 2: "Vietnam will do something that they have never done before, give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will 'OPEN THEIR MARKET TO THE UNITED STATES,' meaning that, we will be able to sell our product into Vietnam at ZERO Tariff." What Happens Next It remains to be seen whether Vietnam will make additional purchases of military hardware, as it is involved in maritime disputes in the South China Sea with its neighbor, China.
Yahoo
2 days ago
- Yahoo
Defense ETFs Down as Lockheed Tumbles, Northrop Soars
Two of the biggest defense contractors in the United States moved in opposite directions on Tuesday after reporting earnings, sending ripples through aerospace and defense ETFs. Shares of Lockheed Martin Corp. (LMT) dropped 8%, while shares of Northrop Grumman Corp. (NOC) surged by the same amount. Both companies are major holdings in the iShares U.S. Aerospace & Defense ETF (ITA), which has $8.8 billion in assets under management. NOC is the fund's eighth-largest holding at 4.4%, while LMT is the ninth-largest at 4.2%. 'LMT's 2Q25 results were worse than Street expectations as program charges not only impacted Aeronautics but also the RMS segment,' analysts at Truist Securities said. Meanwhile, 'NOC delivered with stronger-than-expected results while also slightly raising its full-year EPS and FCF guidance,' RBC Capital Markets analysts noted. ITA Falls on Possible Profit-Taking While the opposing moves mostly canceled each other out, ITA still fell 1.2% intraday—likely due to broader market weakness and possible profit-taking after a strong year for defense stocks. Even after Tuesday's drop, ITA is up 33% year to date, far outpacing the 7.8% gain for the S&P 500. Another fund impacted by the moves was the Global X Defense Tech ETF (SHLD), which fell 1.3% on the day. SHLD has a larger position in LMT (7.4%) and a similar weight in NOC (4.4%). The fund has had a standout year, gaining 62.7% in 2025, thanks to its focus on next-generation defense technologies and a global approach that goes beyond traditional U.S.-centric aerospace names. ITA & SHLD Holdings ITA Holdings Weight SHLD Holdings Weight GE Aerospace 20.4% Palantir Technologies Inc. 8.5% RTX Corp. 14.8% Rheinmetall AG 8.2% Boeing Co. 9.3% RTX Corp. 7.8% TransDigm Group Inc. 4.6% BAE Systems plc 7.6% Howmet Aerospace Inc. 4.6% Lockheed Martin Corp. 7.4% General Dynamics Corp. 4.5% General Dynamics Corp. 4.6% L3Harris Technologies Inc. 4.4% L3Harris Technologies Inc. 4.5% Northrop Grumman Corp. 4.4% Northrop Grumman Corp. 4.4% Lockheed Martin Corp. 4.2% Leonardo SpA 4.4% Axon Enterprise Inc. 4% Thales SA 4.4% Source: & FactSet Data Meanwhile, the Select STOXX Europe Aerospace & Defense ETF (EUAD), the second-best-performing non-leveraged ETF of the year with a 76.3% return, also declined 1.4% on Tuesday. Though EUAD does not hold LMT or NOC, its pullback reflected broader sentiment across the defense sector. With such strong year-to-date gains, Tuesday's moves suggest that investors may be reassessing valuations and locking in profits as earnings season ramps up across the defense | © Copyright 2025 All rights reserved 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
2 days ago
- Yahoo
Why AST SpaceMobile Stock Is Sinking Today
Key Points AST SpaceMobile opened Tuesday's trading with big sell-offs, but it has seen a significant recovery as the day has progressed. The satellite communications company's share price fell in response to Lockheed's Q2 report and analyst coverage on BlackSky Technology. AST's share price has bounced back from early sell-offs following news about the U.S.'s "Golden Dome" missile defense system. 10 stocks we like better than AST SpaceMobile › AST SpaceMobile (NASDAQ: ASTS) stock is losing ground in Tuesday's trading, although it has also seen a big recovery from its low in the session. The company's share price was down 1.9% as of 2 p.m. ET but had been down as much as 9.6% earlier in the day. The broader market saw strong bearish momentum early in today's session, with sell-offs concentrated in the tech sector, but the pullback has moderated as the day has progressed. In addition to valuation pressures impacting growth-dependent tech stocks, AST stock appears to have been negatively impacted by Lockheed Martin's disappointing earnings report and analyst coverage on fellow space industry player BlackSky Technology. Lockheed's Q2 results are weighing on AST stock Lockheed Martin published its second-quarter results before the market opened this morning, and the market has had a strong bearish reaction to the numbers. While the aerospace and defense giant's non-GAAP (adjusted) earnings per share of $7.29 beat the average analyst estimate by $0.82 per share, sales of $18.16 billion in the period missed Wall Street's forecast by $380 million. Gains for the company's space segment helped push overall sales up 0.2% year over year, but the results weren't as strong as anticipated -- and that appears to have had spillover effects for AST's valuation. What's next for AST? In addition to Lockheed's Q2 results, new coverage on BlackSky Technology also seems to be playing a role in valuation stumbles for otherwise high-flying space stocks. Clear Street lowered its rating on the stock from buy to hold this morning, and Canaccord lowered its one-year price target from $28 per share to $27 per share despite keeping a buy rating on the stock. The coverage appears to have raised concerns about valuations across the broader space industry, but some emerging news late in the day helped drive some valuation recovery for AST. According to a report from Reuters today, the Trump administration is ramping up efforts to find partners for the country's "Golden Dome" missile-defense system other than CEO Elon Musk's SpaceX. AST is already rumored to be a tech partner for the Golden Dome project, and it's possible that forthcoming news about the defense initiative could spur substantial gains for the stock. Should you buy stock in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $665,092!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,477!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy. Why AST SpaceMobile Stock Is Sinking Today was originally published by The Motley Fool Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
