GXO Logistics on Tuesday reported better-than-expected first-quarter earnings, driven by growth in aerospace, defense and technology logistics contracts, while executives dismissed concerns that Amazon’s newly expanded supply chain services could threaten the company’s business model. The contract logistics provider reported first-quarter revenue of $3.3 billion, up 10.8% year over year, while adjusted EBITDA rose 23%…
With a market capitalization of $127.4 billion, Parker-Hannifin Corporation (PH) is a global manufacturer of motion and control technologies serving the aerospace and defense, industrial equipment, transportation, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America. Operating through its diversified Industrial and Aerospace Systems segments, the company offers a…
GE Aerospace (NYSE:GE) is one of the The Best Aerospace and Defense Stocks to Invest in Right Now. On February 16, GE Aerospace (NYSE:GE) announced a major deal with United Airlines, noting that the airline selected 300 GEnx engines for its new Boeing 787 Dreamliners. The order includes additional spare engines, which will bring United…
Lockheed Martin Corporation (NYSE:LMT) is included among Dividend Contenders List: Top 20 Stocks. Susquehanna Sees Business and Defense Trends Supporting Lockheed Martin Corporation (LMT) Philip Pilosian / Shutterstock.com On January 15, Susquehanna raised its price target for Lockheed Martin Corporation (NYSE:LMT) to $660 from $590, while maintaining a Positive rating on the stock. The change…
