Latest news with #DCO
Ya Biladi
2 days ago
- Business
- Ya Biladi
UK snubs Xlinks' Morocco-UK power project over focus on homegrown energy
The British government is reportedly halting formal negotiations with Xlinks, the company behind an ambitious £25 billion (310 billion dirhams) renewable energy project designed to import solar and wind power from Morocco to the UK via a 4,000-kilometre undersea cable. According to British media, Energy Security and Net Zero Secretary Ed Miliband has decided not to move forward with discussions over a 25-year price guarantee agreement with the company. Government sources cited a desire to prioritize «homegrown» energy, a position Miliband reiterated during a speech at the Climate Innovation Forum, part of London Climate Action Week, on Wednesday. In his remarks, Miliband said the UK government has a «hard-headed determination to get off the rollercoaster of fossil fuel markets with cheaper, clean, homegrown energy that we control». Sensing hesitation The decision, expected to be confirmed in a ministerial statement later on Thursday, comes despite strong investor interest in the project. Notably, Xlinks Chairman Sir Dave Lewis, the former CEO of Tesco, had already anticipated a possible government pullback. «If the UK government does not agree to support the project, we will switch our focus to another country», he warned earlier this year. Moreover, the company requested in May a temporary pause in its application for a Development Consent Order (DCO), a legal requirement for major infrastructure projects in the UK, while awaiting a decision on its Contract for Difference (CfD) bid, which would determine the electricity sale price. It is worth noting that the Morocco–UK Power Project aims to deliver 3.6 gigawatts (GW) of dispatchable, clean energy from solar, wind, and battery facilities in Morocco to the UK. The project is expected to reduce UK carbon emissions by 10% and cut wholesale electricity prices by 9.3%. In 2022, the project was included in the UK's strategic energy vision and recognised as a project of national significance in 2023.
Yahoo
2 days ago
- Business
- Yahoo
A Look Back at Aerospace Stocks' Q1 Earnings: Ducommun (NYSE:DCO) Vs The Rest Of The Pack
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Ducommun (NYSE:DCO) and the best and worst performers in the aerospace industry. Aerospace companies often possess technical expertise and have made significant capital investments to produce complex products. It is an industry where innovation is important, and lately, emissions and automation are in focus, so companies that boast advances in these areas can take market share. On the other hand, demand for aerospace products can ebb and flow with economic cycles and geopolitical tensions, which can be particularly painful for companies with high fixed costs. The 15 aerospace stocks we track reported a strong Q1. As a group, revenues missed analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 0.7% below. Luckily, aerospace stocks have performed well with share prices up 21.2% on average since the latest earnings results. California's oldest company, Ducommun (NYSE:DCO) is a provider of engineering and manufacturing services for high-performance products primarily within the aerospace and defense industries. Ducommun reported revenues of $194.1 million, up 1.7% year on year. This print exceeded analysts' expectations by 0.7%. Overall, it was an exceptional quarter for the company with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. 'An excellent start to 2025 for Ducommun as we continue to make good progress towards our VISION 2027 goals with record gross margins during the quarter along with strong Adjusted EBITDA margins. Net revenue grew 2% to $194.1 million driven by strength in our defense business which helped us overcome the anticipated weakness in commercial aerospace production rates along with destocking,' said Stephen G. Oswald, chairman, president and chief executive officer. Interestingly, the stock is up 40.5% since reporting and currently trades at $82.27. Is now the time to buy Ducommun? Access our full analysis of the earnings results here, it's free. Formed from a merger of 12 companies, Curtiss-Wright (NYSE:CW) provides a range of products and services to the aerospace, industrial, electronic, and maritime industries. Curtiss-Wright reported revenues of $805.6 million, up 13% year on year, outperforming analysts' expectations by 5%. The business had an exceptional quarter with an impressive beat of analysts' EBITDA estimates. The market seems happy with the results as the stock is up 30.8% since reporting. It currently trades at $474.01. Is now the time to buy Curtiss-Wright? Access our full analysis of the earnings results here, it's free. Providing a one-stop shop that integrates multiple services and product offerings, AerSale (NASDAQ:ASLE) delivers full-service support to mid-life commercial aircraft. AerSale reported revenues of $65.78 million, down 27.4% year on year, falling short of analysts' expectations by 26.3%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. AerSale delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 16.2% since the results and currently trades at $5.89. Read our full analysis of AerSale's results here. Listed on the NYSE in 1947, Textron (NYSE:TXT) provides products and services in the aerospace, defense, industrial, and finance sectors. Textron reported revenues of $3.31 billion, up 5.5% year on year. This number topped analysts' expectations by 2.3%. It was a very strong quarter as it also put up a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' organic revenue estimates. The stock is up 21% since reporting and currently trades at $80. Read our full, actionable report on Textron here, it's free. Integrating power outlets into many Boeing aircraft, Astronics (NASDAQ:ATRO) is a provider of technologies and services to the global aerospace, defense, and electronics industries. Astronics reported revenues of $205.9 million, up 11.3% year on year. This print surpassed analysts' expectations by 7.3%. Overall, it was an exceptional quarter as it also recorded a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Astronics delivered the biggest analyst estimates beat among its peers. The stock is up 39.5% since reporting and currently trades at $32.76. Read our full, actionable report on Astronics here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Express Tribune
13-06-2025
- Business
- Express Tribune
Punjab held back Rs2b sugarcane fund
An audit report has revealed that Punjab's finance department did not release over Rs2 billion fund earmarked for the development of sugarcane sector in the last provincial budget in violation of the Punjab Sugarcane (Development) Cess Rules, 1964. As per the rules, a fund — the Sugarcane Development Fund — is created in each district of the province. The fund of each district is operated by the concerned DCO. The Finance Department releases funds to the respective DCO after deduction of 10% of the total collection of the cess for the Sugarcane Research and Development Board and deduction of 2% collection charges. According to the Auditor General of Pakistan report, it transpired during the audit of the finance department's civil accounts of June, 2023 that there existed a liability of Rs20,335,026,047 under "G-11212-Deposits on Sugarcane Development Cess Fund". "The Cane Commissioner of Punjab had deposited an amount of Rs5,090,152,163 in Account-I for the purpose of subsequent distribution of funds. "Although the Finance Department had not released the authority for payment, the DAO Faisalabad and Vehari made payments of 55,286,766 and Rs. 28,682,577 respectively." Additionally, 2% collection charges were also not incorporated in the budget. The auditor said it is of the view that lapse occurred due to weak administrative and financial controls. It said the matter was further reported to the Administrative Department and during a departmental account committee (DAC) meeting held on January 30, 2025, it was decided that the para should be kept pending until the SOPS/policy are formulated in consultation with stakeholders. "As regards the remaining paras, neither any reply was received nor a DAC meeting convened till the finalization of this report despite issuance of reminders in November and December 2024." The audit recommended proper allocation and utilization of the Sugarcane Development Cess Fund, in accordance with the specified rules. "[These allocations and utilizations] are imperative to ensure the intended developmental projects are carried out efficiently and transparently," it added.
Business Wire
10-06-2025
- Business Wire
OpenVPN DCO Added to Linux Kernel for Built-In Speed and Security
PLEASANTON, Calif.--(BUSINESS WIRE)--OpenVPN announced today that Data Channel Offload (DCO) has been officially green-lit for inclusion in the Linux kernel and will be part of the official distribution starting with version 6.16. This always-on kernel module named 'ovpn' was designed to deliver faster speeds without negatively impacting security, and is part of OpenVPN's mission to make Zero Trust VPN a reality for any business, regardless of size. 'After thorough review by the Linux community, maintainers, and experts, DCO is now included in the mainline kernel, which results in higher code quality, better security, and more robust implementation." Share OpenVPN DCO implements the Linux kernel module which handles the OpenVPN data channel. As such, OpenVPN no longer sends data traffic between the user and kernel space for routing and encryption/decryption. Operations on payloads take place in the Linux kernel, optimizing performance, reducing latency, and cutting the cost of the payload transfer between user and kernel space. Additionally, DCO operation is multi-threaded. Multi-threading is the process of splitting up tasks or jobs into smaller units and assigning them to different CPUs. This improves speed and performance up to 300% when compared with configurations not using DCO. 'OpenVPN DCO gives businesses superior performance, flexibility, and security,' said Francis Dinha, OpenVPN CEO. 'After thorough review by the Linux community, maintainers, and experts, DCO is now included in the mainline kernel, which results in higher code quality, better security, and more robust implementation. Users of OpenVPN can now enjoy broad adoption and know that DCO will automatically benefit from ongoing kernel updates, including bug fixes, security patches, and support for new features.' Linux networking tree (or netdev) maintainers accepted OpenVPN DCO for inclusion on April 17, 2025 as part of a patch set submission, resulting in OpenVPN DCO code being included in the Linux kernel itself from version 6.16 onwards — it will now be present by default. This means everyone will experience the performance boost of DCO without the need to install external components. Additionally, embedded devices like router platforms and development boards that run on Linux will have OpenVPN DCO — ensuring fast performance for years to come. 'Whether your company needs a self-hosted solution like Access Server or a cloud-delivered offering like CloudConnexa, OpenVPN products feature the battle-tested security that businesses of all sizes have relied on for over 20 years,' said Dinha. 'The integration directly within Linux ensures speed and performance remain obtainable for businesses without extra steps, keeping productivity and security for all at the forefront.' To learn more about OpenVPN DCO, visit About OpenVPN OpenVPN's network security solutions provide scalable, secure remote access as a Zero Trust VPN — giving complete freedom to your employees to work outside the office while securely accessing SaaS platforms, the web, and private company resources. OpenVPN's self-hosted VPN, Access Server, and cloud-delivered CloudConnexa are built on the high-performance, trusted open-source OpenVPN protocol. With over 60 million downloads and nearly 20,000 business customers, OpenVPN products connect your team and resources with security, speed, simplicity.
Yahoo
09-06-2025
- Business
- Yahoo
How drones & AI are changing the defense sector & warfare
The growing frequency of wartime drone attacks is causing a shift in the nature of both the defense sector and modern warfare. Tony Bancroft, Gabelli Funds portfolio manager, joins Asking for a Trend with Josh Lipton to discuss the outlook for the use of drone technology, artificial intelligence (AI), and automation in warfare. Bancroft also shares some of his top stock picks in the defense sector, including parts-makers like Textron (TXT), Honeywell (HON), L3Harris (LHX), and Ducommun (DCO). To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. There's a shift on the horizon in modern warfare. Ukraine recently dealt a blow to several Russian air bases with the use of drone attacks. As of February 2025, tactical unmanned aerial vehicles account for 60 to 70% of damaged and destroyed Russian systems. That's according to the Royal United Services Institute. For more on the changes to modern warfare and ripple effects for the defense sector, we have Gubelli Funds portfolio manager Tony Bancroft. Tony, it is always good to see you and the reason, of course, Tony, you are the perfect guest for this segment, is not only are you well-known analyst, you are in fact Lieutenant Colonel, uh, Tony Bancroft, United States Marine Corps. So, we we are lucky to have you. And I want to start, Tony, with those reports we saw, uh, Ukraine's really unprecedented drone operation striking deep inside Russian territory. When you saw that, Tony, when you saw those reports, what was your reaction? Thanks, Josh. Always great to be back. And you know, I think, you know, Ukraine, uh, one-upped, um, Israel on on next, uh, next level next generation, uh, warfare and you know, the US Department of Defense has taken notes, uh, and this is how things are going to be going, uh, going forward. Uh, you're going to see a lot of, uh, asymmetric warfare, obviously a lot of use of of drones and and, uh, you know, artificial intelligence and, um, cyber, you know, cyber attacks, uh, you name it. Uh, however you can imagine it is going to be how it's going to be done. And you know, that was just sort of a case in point the fact that, you know, 117, you know, how many or $1,000 drones took out a third of the, uh, third, second or third largest air forces' um, uh, strategic bomber capability is is legitimate. So, you're going to see drones, you know, be be a lot of DOD and European spending going forward. I think right now it's about 15 billion in the US DOD budget, um, and it's probably going to go to 25 billion as expected about by 2030 and and doubling that almost in 2035. So I think we we we like the industry, we like the, uh, companies that are going to supply parts to them and, uh, we're we're definitely, you know, bullish on it. What are some of those companies, Tony? Yeah, you know, we we sort of like the the parts maker. I mean, you know, I know there's a lot of drone suppliers out there but, uh, you know, companies like, um, Textron and Honeywell and L3 Harris, um, Ducommun, uh, all make, you know, all sort of make these parts that go into all these, you know, these systems that are obviously, you know, they're pretty, you know, they're pretty, uh, intricate, uh, high technology systems that need certain structures and certain, uh, electronics in them and we sort of like those those guys. And they're diversified as well because they're on multiple programs and they're also on the commercial side. And, uh, they're they're good cash flow businesses with, you know, long secular tailwinds. I have to ask you a broader question, maybe, you know, as as you talk about how you you think maybe the the future battlefield changes and yes, it'll still involve tanks and fighter jets and battleships that more increasingly rely on AI and autonomous systems. Is the US well prepared for that shift, Tony, in your opinion? You know, I think they are. I think the US is actually, um, I I I I I think sometimes, you know, the the narrative is that the US is is fighting the last battle and and and and it's somewhat true. And that's somewhat true always when you talk about, you know, warfare. I'm sure all the way back to to Sun Tzu and and you name it. Uh, but the US is pretty capable and the weapon systems we have are are are lethal and you know, we're still by far the largest drone builder in the world. I mean there's, you know, as far as for military drones. Um, you know, uh, the US is is the most dominant. Always have been and I think will we will continue to be. And we'll we'll we'll sort of we'll pair that with, uh, you know, with our with our manned systems that are able to control it. You know, a lot of this is going to come down to as as we go further into it, you know, who is going to be able to essentially out hack who or who is going to be able to jam out jam who. And at some point you're probably going to need, you are going to need some type of, uh, manned manned system that can be closest, you know, the node they would they would call it, be closest to, uh, you know, the the autonomous systems or or things that are are capable of being jammed. And you're you're going to need the systems that the US has like the F-35 along with our, you know, the collaborative, uh, collaborative combat aircraft and other and other systems. There's a lot that we have and our long-range fires are by far dominant, you know, when when it comes to, um, being able to reach out and touch somebody. 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
