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Premier grilled over BC Ferries contract with China

Premier grilled over BC Ferries contract with China

CTV News3 days ago

Premier grilled over BC Ferries contract with China
Back from a trade mission to Asia that did not include a stop in China, Premier David Eby was questioned about BC Ferries warding a massive contract to a Chinese firm.

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WestJet cyberattack remains unresolved one week in, but operations unaffected
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CTV News

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WestJet cyberattack remains unresolved one week in, but operations unaffected

Passengers are seen in the WestJet check-in area at Pearson International Airport, in Toronto, Saturday, June 29, 2024. THE CANADIAN PRESS/Christopher Katsarov WestJet says a cyberattack that began last week remains unresolved, as questions linger about the nature and fallout of the breach. The country's second-largest airline says it is working to assess whether sensitive data or customers' personal information was compromised after hackers accessed its internal systems. An online advisory says the attack, which was detected late last week, has not affected operations but that some customers may run into 'intermittent interruptions or errors' on WestJet's website and app. Spokesman Josh Yeats says investigations in collaboration with law enforcement are ongoing, but the company has not specified the type of the incident, such as a malware or ransomware attack. The breach at the Alberta-based airline arrived just ahead of foreign leaders, who gathered last weekend for the G7 summit in Kananaskis, Alta., though no direct link to the event has been identified. Airlines and airports have become increasingly popular prey for hackers, as their troves of personal and financial data and global reach make for tempting targets. This report by The Canadian Press was first published June 20, 2025. Christopher Reynolds, The Canadian Press

Strathcona defends unsolicited takeover offer for oilsands peer MEG Energy
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CTV News

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Strathcona defends unsolicited takeover offer for oilsands peer MEG Energy

CALGARY — Strathcona Resources Ltd. says MEG Energy Corp. has made errors and misleading statements in its justifications for rejecting its unsolicited takeover bid. Last month, Strathcona made a cash-and-stock offer to buy all of the MEG shares it does not already own, and MEG shares have consistently been trading higher than the implied offer price. Earlier this week, MEG urged shareholders to reject the bid, in part because it says combining with Strathcona would expose shareholders to inferior assets and capital market risk. Strathcona has published a new presentation taking aim at the 'Fact vs. Fiction' in MEG's director's circular outlining its rationale for opposing the offer. In the presentation, Strathcona says its oilsands assets are comparable to or sometimes better than MEG's. It adds that Waterous Energy Fund, led by Strathcona executive chairman Adam Waterous, has no intention of selling its stake in Strathcona post-takeover, which MEG contends is a risk. --- Lauren Krugel, The Canadian Press This report by The Canadian Press was first published June 20, 2025.

RTX's Arm Secures $300M Contract for ESSM Block II Missile Assemblies
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Globe and Mail

time35 minutes ago

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RTX's Arm Secures $300M Contract for ESSM Block II Missile Assemblies

RTX Corporation 's RTX business segment, Raytheon, recently secured a $299.7 million modification contract involving the Evolved Seasparrow Missile (ESSM). Per the terms of the deal, RTX will provide test equipment and spares, as well as exercise options for ESSM Block 2 guided missile assemblies. Details of RTX's Deal The work related to this contract will be executed in multiple locations globally, including the United States, Australia, Canada, Norway, the Netherlands and a few other nations. This contract is projected to be completed by September 2030. The award has been provided by the Naval Sea Systems Command, Washington, D.C. What's Favoring RTX? With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has been rapidly increasing lately. This includes growing investments in missiles and missile systems, which are essential for modern warfare. RTX, as a prominent manufacturer of missile systems, has thus been witnessing a steady flow of orders from the Pentagon and other U.S. allies. The recent contract is an example of that. RTX's ESSM Block II is a versatile, combat-proven naval defense system with more than 330 successful live sea firings. Offering enhanced performance over Block I, it strengthens fleet protection against diverse threats. These advanced features likely drive its growing demand, reflected in the latest contract win. RTX's Growth Prospects Rising military conflicts, terrorism and border disputes have led nations to increase their focus on national security, particularly on missile defense systems in recent times, backed by the rapid development of advanced missile technologies over the last decade. This is likely to have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 5% for the global missiles and missile defense systems market during the 2025-2030 time period. Such strong growth projections indicate solid opportunities for RTX, which has a handful of combat-proven missiles in its product portfolio, like the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Tomahawk, Standard Missile 2 and a few more, in addition to the ESSM. Opportunities for Other Defense Stocks Other defense companies that are likely to enjoy the perks of the expanding missiles and missile system market have been discussed below: Northrop Grumman NOC: Northrop Grumman provides high-speed, long-range strike weapons like the AARGM-ER, which is a supersonic, air-launched tactical missile system. It also builds advanced missile defense technology, ranging from command systems to directed energy weapons, advanced munitions and powerful sensors. The company's long-term (three to five years) earnings growth rate is 3.3%. The Zacks Consensus Estimate for NOC's 2025 sales indicates year-over-year growth of 2.8%. The Boeing Company BA: It manufactures various missile defense systems, including the Ground-based Midcourse Defense, Aegis Ballistic Missile Defense and Avenger. Boeing-built missile defense systems have been protecting its customers for nearly 25 years against threats ranging from intercontinental ballistic missiles to hostile aircraft. The company has a long-term earnings growth rate of 18.1%. The Zacks Consensus Estimate for BA's 2025 sales indicates year-over-year growth of 25.6%. Lockheed Martin LMT: Lockheed Martin's missile defense program includes the Patriot Advanced Capability-3 and Terminal High-Altitude Area Defense air and missile defense programs. It also manufactures the Multiple Launch Rocket System, the Joint Air-to-Surface Standoff Missile and Javelin tactical missiles. The company has a long-term earnings growth rate of 10.5%. The Zacks Consensus Estimate for LMT's 2025 sales indicates year-over-year growth of 4.7%. RTX Stock's Price Movement Shares of RTX have gained 25.1% in the past six months compared with the industry 's 15.5% growth. RTX's Zacks Rank RTX currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis Report This article originally published on Zacks Investment Research (

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