![]() The Zacks Consensus Estimate for its 2023 sales indicates an improvement of 8.3% from that reported in 2022. RTX’s long-term earnings growth rate is currently pegged at 8.3%. The Lynx Infantry Fighting Vehicle is a next-generation, tracked, armored fighting vehicle designed to address the critical challenges of the future battlefield. Army’s current requirement for a true, next-generation Optionally Manned Fighting Vehicle, namely the Lynx Infantry Fighting Vehicle. Raytheon is currently teaming up with American Rheinmetall Vehicles to meet the U.S. The Zacks Consensus Estimate for its 2023 sales indicates an improvement of 4.7% from the year-ago reported figure. NOC has a long-term earnings growth rate of 3.8%. It specializes in innovating low-cost, highly reliable precise weapons and ammunition for artillery and mortar systems, medium-caliber weapon platforms, battle tanks and individual soldiers. Northrop Grumman is the world’s top producer of medium-caliber live and training ammunition and gun systems, with more than 5 million units built in the last five years. The Zacks Consensus Estimate for its 2023 sales indicates an improvement of 25.4% from that reported in the previous year. It also has the ability to engage both hard and soft targets and can operate across a spectrum of high-intensity conflicts, counter insurgencies and peacekeeping roles.īAESY’s long-term earnings growth rate is pegged at 13.7%. Its primary role is to destroy or neutralize the armor. Such an upward trend in demand is likely to bolster GD’s revenue generation prospects from its Land System business unit and boost the company’s overall top line.īAE System’s Challenger 2 is a heavily armored and highly mobile battle tank, designed for use in the direct fire zone. ![]() The latest contract win is a bright example of that. Its excellence and in-depth experience in building combat vehicles, coupled with a customer-first focus and a seasoned supply-chain network, has been leveraging the company to win multiple contracts from the U.S. It provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles worldwide. In this context, it is imperative to mention that the increased focus on technologically advanced combat vehicles is likely to benefit General Dynamics as its Land System business unit is a prime contractor of land combat vehicles for the U.S. Moreover, the recent tiff between Ukraine and Russia has accelerated the pace of upgrading the defense landscape with technologically advanced arms and ammunition, which, in turn, has led to increased investments in military tanks. An efficient armored military tank enables the army to carry out any mission by direct fire. Military tanks are the primary offensive weapons in the land mission of the military. The SEPv3 Abrams is also designed to seamlessly accept future upgrades. It boasts features that are technologically advanced in terms of communications, fire control and lethality, reliability, sustainment and fuel efficiency, along with an upgraded armor. ![]() The M1A2 SEPv3 Abrams is the most advanced main battle tank. The contract involves foreign military sales to Kuwait and Poland. The work related to this deal will be executed in Sterling Heights, MI. Valued at $17.6 million, this contract is expected to be completed by May 24, 2024. Army Contracting Command, Detroit Arsenal, MI. General Dynamics Corp.’s GD business unit, Land Systems, recently clinched a modification contract involving Abrams battle tanks.
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