Latest news with #ArmyContractingCommand
Business Insider
a day ago
- Business
- Business Insider
RTX awarded $279.2M Army contract
RTX (RTX) was awarded a $279.2M cost-plus-fixed-fee contract to provide functional management support for the Land-Based Phalanx Weapon System. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of July 7, 2030. Army Contracting Command is the contracting activity. Confident Investing Starts Here: Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Globe and Mail
5 days ago
- Automotive
- Globe and Mail
General Dynamics' Arm Secures $621M Contract to Aid SGT Stout Program
General Dynamics ' GD business unit, General Dynamics Land Systems, recently clinched a $621.1 million worth modification contract to provide systems, parts, services and support for the SGT Stout program. The award has been offered by the Army Contracting Command, Redstone Arsenal, AL. The contract is expected to be completed by Sep. 29, 2028. Significance of GD's SGT Stout Program General Dynamics' SGT Stout is an armored vehicle capable of strengthening the U.S. Army's short-range air defense (SHORAD) dominance. Built on the advanced Stryker A1 chassis, the vehicle delivers a lethal and mobile solution against a wide range of aerial threats. With integrated target-acquisition systems and compatibility with the Army's Integrated Air and Missile Defense command systems, the SGT Stout enhances operational effectiveness in Multi-Domain Operations. These advanced features likely drive its growing demand, reflected in the latest contract win. Growth Prospects for General Dynamics Rising geopolitical tensions, defense modernization programs, increased military spending across nations, along with advancements in armored technology, mobility and survivability features, have been driving the demand for combat vehicles worldwide. This must have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 5% for the global armored fighting vehicles market during the 2025-2030 time period. This is likely to benefit General Dynamics, a prominent contractor in the combat vehicles market. Its Land Systems unit is a prominent forerunner in a wide range of armored vehicles, like the M1 Abrams main battle tank, the Stryker family of eight-wheeled armored fighting vehicles, the Light Armored Vehicle (LAV) family and the Ajax family of armored fighting vehicles. Opportunities for Other Defense Stocks Other defense companies that are likely to enjoy the perks of the expanding global armored fighting vehicles market have been discussed below. RTX Corporation RTX: RTX's XM30 Combat Vehicle is a next-generation tracked and armored fighting vehicle designed to meet the crucial problems of the future battlefield. It offers unrivaled troop protection and incorporates technology to keep men and women in armor ahead of the enemy. RTX has a long-term earnings growth rate of 9.3%. The Zacks Consensus Estimate for RTX's 2025 sales indicates year-over-year growth of 4.2%. Textron Inc. TXT: Textron's COMMANDO armored vehicle series offers the best combination of combat-proven lethality, survivability, mobility and sustainability. This vehicle can also be used as an ambulance, armored personnel carrier or support utility vehicle in a variety of configurations. Textron has a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for TXT's 2025 sales indicates year-over-year growth of 6.6%. BAE Systems BAESY: BAESY has a diverse portfolio of combat vehicles, including CV90 Armadillo, ADAPTIV, M109A7, BvS10 and many more. Its M88 HERCULES family of vehicles enhances the performance, survivability and responsiveness of the combat-proven M88A2 armored vehicle. BAE Systems has a long-term earnings growth rate of 13.4%. The Zacks Consensus Estimate for BAESY's 2025 sales indicates year-over-year growth of 62.6%. GD Stock's Price Movement Shares of GD have gained 2.8% in the past month compared with the industry 's 4.8% growth. GD's Zacks Rank GD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report
Globe and Mail
14-05-2025
- Business
- Globe and Mail
Ucore and US DOD Agree on US$18.4M Initial Construction Funding for Rare Earth Processing in Louisiana
Ucore Announces: A US$18.4 million funding agreement with the US Department of Defense to launch its RapidSX™ Rare Earth Element Separation Technology toward full-scale operation, including: Expansion of the current $4M US DOD demonstration project Commercial-scale RapidSX™ production module construction and operations System engineering technology transfer from Ucore's Canadian demonstration facility to its developing United States commercial facility Full-scale construction and 'Early Production' in Louisiana in H2-2026 Halifax, Nova Scotia--(Newsfile Corp. - May 14, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the"Company") is pleased to announce that the Company has reached a firm fixed price agreement for a US$18.4 million increase to its current US$4M Other Transaction Agreement [i] (" OTA") with the US Army Contracting Command-Orlando. The purpose of the additional funding is to facilitate the construction of a production-ready commercial RapidSX™ machine and supporting infrastructure in Alexandria, Louisiana. Specifically, this involves the pre-planned expansion of Ucore's existing Rare Earth Element (" REE") Separation Technology Capabilities Prototype Project, soon to conclude at the RapidSX™ Commercialization and Demonstration Facility (" CDF") in Kingston, Ontario. The additional Phase II scope of work will further scale up and commercialize Ucore's RapidSX™ technology for its developing Louisiana Strategic Metals Complex (" SMC") REE refinery in Alexandria, Louisiana. This will be achieved through the installation of a complete full-scale RapidSX™ separation machine capable of demonstrating commercial scale production of Pr, Nd, Sm, Gd, Tb and/or Dy – six of the seven REEs which are listed by the People's Republic of China's ("PRC") for export licensing restrictions. Figure 1 - Ucore's Demonstration-Scale Transition to Commercial-Scale US Rare Earth Separation To view an enhanced version of this graphic, please visit: The primary objectives of the Phase II project (the " Project") are: Construct and demonstrate the full-scale RapidSX™ technology modules at the CDF. Conduct a systems engineering approach to facilitate a knowledge transfer of the innovative RapidSX™ separation technology from the CDF to the SMC. Install production separation capacity at the SMC capable of processing hundreds of tonnes of heavy and/or light total rare earth oxide (" TREO") processing utilizing the same RapidSX™ technology equipment platform. It is anticipated that upon successful completion of the Project, Ucore will continue to construct RapidSX™ machines to complete its planned 2,000 tonne per annum TREO Phase 1 construction project. The concurrent construction and production efforts are enabled through the unique modular and adaptable attributes of the RapidSX™ technology platform coordinated with the smart acquisition and deployment of investment capital. "Ucore's business model is founded on 1) collaboration with an array of like-minded upstream and downstream commercial and governmental partners and 2) the implementation of the next logical leap in commercial critical metals separation technology resulting from Western innovation," stated Pat Ryan, Ucore Chairman and CEO. "Ucore is very appreciative to the US DOD for the opportunity, and potential future opportunities, which have now resulted in this dedicated expansion Project to full scale processing production. "This US DOD Louisiana SMC funding agreement is a critical step for Ucore's commercial advancements, but more importantly, for the progression of a Western rare earth supply chain, and North American critical metals security, which cannot exist without competitive critical metals processing on the world stage." On May 10, 2025, Ucore executed a conditional advance agreement for pre-modification Project costs and will formally execute the OTA modification by June 10, 2025. # # # About Ucore Rare Metals Inc. Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA. Ucore is listed on the TSXV under the trading symbol " UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol " UURAF." For further information, please visit Forward-Looking Statements This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements. Regarding the disclosure in the press release above about the OTA and the expected successful progress of the Project and the resulting milestone payments from the DoD, the Company has assumed that the Project (including each of its milestones) will be completed in a satisfactory manner and in a reasonable period of time within approximately the next two years. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and the Project (generally), see the risk disclosure in the Company's MD&A for Q1 2025 (filed on SEDAR on May 9, 2025) ( as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant commissioning and demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
Business Insider
10-05-2025
- Business
- Business Insider
Lockheed Martin awarded $742.18M Army contract
Lockheed Martin (LMT) was awarded a $742.18M firm-fixed-price contract for production of High Mobility Artillery Rocket Systems. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of May 31, 2027. Army Contracting Command is the contracting activity. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
