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Morgan Stanley: Buy Defense After the Election

Morgan Stanley: Buy Defense After the Election

Defense is trading at a 35%+ discount to NTM S&P 500 P/E, providing a positive skew to the upside. US military superiority is no longer guaranteed. We expect high perceived threat to drive higher defense spending under a Democrat or Republican sweep. Top stock pick is Northrop Grumman (ticker: NOC)….
General Dynamics Wins $4.4 Bn Pentagon Cloud Contract

General Dynamics Wins $4.4 Bn Pentagon Cloud Contract

FAIRFAX, Va. — General Dynamics Information Technology (GDIT), a business unit of General Dynamics, announced today it was awarded the Defense Enterprise Office Solutions (DEOS) contract by the General Services Administration (GSA) in partnership with the Defense Department (DoD) and the Defense In…
US Navy Contracts F-35C Modifications for Future Carrier

US Navy Contracts F-35C Modifications for Future Carrier

The Navy announced F-35C modifications to the future USS John F. Kennedy (CVN 79) yesterday, under a contract structure now in place to deliver the second Ford-class aircraft carrier, employing a single-phase acquisition strategy, versus a two-phase strategy, as originally planned.

“Shifting to s…

Leonardo Offers HitFist Turret for Spain’s Dragón AFV

Leonardo Offers HitFist Turret for Spain’s Dragón AFV

Leonardo Hispania – a Leonardo company with headquarters and plants in Loriguilla (Valencia), where all employees and suppliers are Spanish – is tendering for the supply of 58 30mm HITFIST ‘manned’ turrets, as part of the Spanish Army’s 8×8 VCR (Vehículo de Combate de Ruedas) Dragón programme.

D…

GA-ASI Moves MQ-9 Support Operations to Germany

GA-ASI Moves MQ-9 Support Operations to Germany

SAN DIEGO — General Atomics Aeronautical Systems, Inc. (GA-ASI), the world’s leading manufacturer of Remotely Piloted Aircraft Systems (RPAS), opened a new customer service center in Dresden, Germany on October 5, 2020.

The center provides sustainment capabilities for MQ-9 fleets in and near E…

New Talios Pod Reaches IOC on Rafale F3-R Fighter

New Talios Pod Reaches IOC on Rafale F3-R Fighter

On October 29, 2020, the French Air Force announced the initial operational capability of the Talios laser designation pod on the Rafale F3-R aircraft.

Talios (TArgeting Long-range Identification Optronic System) is a multirole electro-optical pod manufactured by the French equipment manufacturer…


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