Modern combat versus revenue2/13/2024 ![]() ![]() 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. ![]() NOC shares have delivered 0.1% in the past month. Northrop’s long-term earnings growth rate is pegged at 3.8%. ![]() Northrop Grumman 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. Shares of BAESY have returned 19.2% in the past year. Some of BAE Systems’ combat vehicles include the Armored Multi-Purpose Vehicle, CV90, CV90MkIV, CV90 IFV, etc.īAE Systems boasts a long-term earnings growth rate of 13.7%. Peer Movesĭefense majors that are likely to gain from the expanding global armored vehicle market are BAE Systems BAESY, Northrop Grumman NOC and Raytheon Technologies RTX.īAE Systems designs, manufactures, upgrades and supports tracked, specialty-tracked, and wheeled and amphibious combat vehicles. ![]() This is likely to enhance the defense giant’s revenue generation prospects from combat vehicles. Thus, GD stands to benefit from the aforementioned market growth projections as its Land Systems is a forerunner in manufacturing combat vehicles. Going forward, per the report from Markets and Markets, the global armored vehicle market is projected to witness a CAGR of 2.7% by 2027. In the current scenario of increased defense spending on armored vehicles by nations, the combat vehicle that commands such remarkable features is likely to attract significant orders, like the latest one. It has been designed from the start for capability upgrades based on future operational needs. It employs a four-person crew and features an enhanced thermal viewer, a large-caliber cannon, a lightweight hull and turret, and a modern diesel engine, transmission and suspension system. The M10 Booker Combat is a highly-lethal, survivable and mobile direct-fire combat vehicle that features the recently developed and battle-tested designs to dominate ground threats on the multi-domain battlefield. ![]()
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