Latest news with #Nimitz-class
Los Angeles Times
04-06-2025
- General
- Los Angeles Times
Dan Keeler went from Notre Dame High to commander of USS Abraham Lincoln
For all the push-ups completed, for all the running drills endured and for all the yelling received during his days playing high school football at Sherman Oaks Notre Dame High in the 1990s, Dan Keeler is getting the last laugh later this month when he takes command of the Nimitz-class aircraft carrier USS Abraham Lincoln in Coronado. 'Now I'm going to have to salute him,' former Notre Dame coach Kevin Rooney quipped. Keeler, who graduated from high school in 1994 and went on to the Naval Academy, is taking command of one of the Navy's most prominent ships. 'It is incredible that he has earned this responsibility,' Rooney said. Keeler was a defensive back and track athlete for the Knights and is one of five siblings who attended Notre Dame. Track coach Joe McNab, who just won his 11th Southern Section championship, was his defensive backs coach. 'Good kid,' McNab said. 'He's a guy who fit all the boxes in terms of being a great kid and doing things right,' Rooney said. Rooney, McNab and former football assistant Jeff Kraemer will make the trip to the San Diego area for the change-of-command ceremony. For some reason, Keeler invited his former high school coaches after all those days of sweat and tears in Sherman Oaks. 'If I had known he was going to be so powerful, I wouldn't have made him run so much,' Kraemer said. Keeler isn't the first Notre Dame graduate to rise in the Navy ranks. Retired Adm. Mike Mullen was chairman of the Joint Chiefs of Staff from 2007 to 2011 and graduated from Notre Dame in 1964. Mullen once came back to his alma mater to address the student body. Rooney, who retired in 2019 after 40 years as football coach, said his goal was always to 'help kids become great people and do things right.' Coaches know that the best day of all is when a graduate comes back to campus and tells them how they are doing and explains how lessons learned as teenagers really made a difference in their life. As summer begins and graduates move on with their lives and the class of 2029 arrives, it's a good reminder to everyone that it's not wins and losses that matter most in high school. It's teaching life lessons and preparing students to become adults, good people and good community members. To see a former Los Angeles-area high school football player take charge of an aircraft carrier is proof that all that running to gain stamina, all that preaching to work together as a team, all those lectures that practice makes perfect … it's true. You only need to listen, learn and dedicate yourself to reaching a goal. A salute to all the coaches and teachers who understand their real job is to create opportunities for their students to succeed through wisdom and inspiration. Capt. Keeler, Bravo Zulu and Anchors Aweigh. Be safe.
Yahoo
30-05-2025
- Business
- Yahoo
Q1 Rundown: Northrop Grumman (NYSE:NOC) Vs Other Defense Contractors Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Northrop Grumman (NYSE:NOC) and its peers. Defense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia's invasion of Ukraine or China's aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds. The 13 defense contractors stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Responsible for the development of the first stealth bomber, Northrop Grumman (NYSE:NOC) specializes in providing aerospace, defense, and security solutions for various industry applications. Northrop Grumman reported revenues of $9.47 billion, down 6.6% year on year. This print fell short of analysts' expectations by 4.7%. Overall, it was a disappointing quarter for the company with full-year EPS guidance missing analysts' expectations. Northrop Grumman delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is down 9.9% since reporting and currently trades at $478.25. Read our full report on Northrop Grumman here, it's free. Formed through the split of IT services company SAIC, Leidos (NYSE:LDOS) offers technology and engineering solutions such as military training systems for the defense, civil, and health markets. Leidos reported revenues of $4.25 billion, up 6.8% year on year, outperforming analysts' expectations by 3.6%. The business had a very strong quarter with an impressive beat of analysts' backlog and EBITDA estimates. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $147.50. Is now the time to buy Leidos? Access our full analysis of the earnings results here, it's free. Building Nimitz-class aircraft carriers used in active service, Huntington Ingalls (NYSE:HII) develops marine vessels and their mission systems and maintenance services. Huntington Ingalls reported revenues of $2.73 billion, down 2.5% year on year, falling short of analysts' expectations by 2.1%. It was a mixed quarter as it posted an impressive beat of analysts' EPS estimates but a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 2.8% since the results and currently trades at $223.51. Read our full analysis of Huntington Ingalls's results here. Known for projects like the construction of Guantanamo Bay, KBR provides professional services and technologies, specializing in engineering, construction, and government services sectors. KBR reported revenues of $2.06 billion, up 13% year on year. This print lagged analysts' expectations by 1.4%. In spite of that, it was a strong quarter as it produced a solid beat of analysts' EBITDA estimates. The stock is up 1.2% since reporting and currently trades at $52.18. Read our full, actionable report on KBR here, it's free. Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. Leonardo DRS reported revenues of $799 million, up 16.1% year on year. This result surpassed analysts' expectations by 9.2%. Overall, it was a very strong quarter as it also produced a solid beat of analysts' adjusted operating income estimates and an impressive beat of analysts' EPS estimates. Leonardo DRS scored the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 12.8% since reporting and currently trades at $41.68. Read our full, actionable report on Leonardo DRS here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
Straits Times
28-05-2025
- Entertainment
- Straits Times
Nothing is Impossible: Tom Cruise really did get a US aircraft carrier for his latest Mission
Tom Cruise (left) meets sailors aboard the Nimitz-class aircraft carrier USS George H.W. Bush during a visit to the ship on March 2, 2023. PHOTO: NOVALEE MANZELLA/US NAVY Nothing is Impossible: Tom Cruise really did get a US aircraft carrier for his latest Mission For fans of Tom Cruise's Mission: Impossible series, the Pentagon can answer the incredulous question at the climax of its latest trailer: 'You gave him an aircraft carrier?' Yes, the US Navy and Air Force Special Operations Command decided to accept the mission: help the American actor's secret agent Ethan Hunt save the world. Or, at least make a movie about it. For The Final Reckoning, which is showing in Singapore cinemas, Cruise and the crew spent three days in the Adriatic Sea filming aboard the USS George H.W. Bush, a nuclear-powered Nimitz-class carrier commissioned in 2009. It is the latest cinematic incarnation of Cruise's career-long affinity for the US military and its aircraft (as well as doing his own stunts). It is an example of the Pentagon's willingness to showcase its hardware and martial might through a classic piece of American soft power, the Hollywood blockbuster. The Pentagon has a long history as a supporting character, most famously the 1990 spy thriller The Hunt For Red October – the one where Scotsman Sean Connery plays a Soviet submarine captain. Before getting on board, the US Department of Defense reviews scripts for accuracy and depictions of the military. (The Pentagon declined, for instance, to support Oliver Stone's Oscar-winning 1986 Vietnam War drama Platoon.) The US military charges for equipment use, as well as transportation and lodging for personnel. For 2022's Top Gun: Maverick, for example, the Navy was paid as much as US$11,374 (S$14,600) an hour to use its F/A-18 Super Hornets – which Cruise could not control as he flew in the fighter jet's back seat. For The Final Reckoning, however, movie studio Paramount's reported blowout budget of US$400 million got a break because the carrier and crew were already on scheduled training missions. 'Most, if not all, of the aircraft time was logged as official training requirements, and therefore not reimbursable,' the Pentagon said in a statement. The cast and crew – including Cruise, co-star Hannah Waddingham and director Christopher McQuarrie – were ferried to the carrier aboard Sikorsky Aircraft Corp MH-60S Seahawks, flown by the Helicopter Sea Combat Squadron 5 based in Norfolk, Virginia. While aboard from Feb 28 to March 3, 2023, Cruise hosted a Top Gun: Maverick viewing in the ship's hangar bay and visited sailors , who had been deployed for about six months at that time. 'Given that we were on deployment, operational and safety plans were in place so that if called upon, we were ready to execute our mission on a moment's notice,' spokesman Lieutenant Commander Matthew Stroup said in the statement. The crew filmed flight sequences, a scene in the navigation bridge and Hunt's departure aboard a CV-22 Osprey tiltrotor aircraft, from the 352nd Special Operations Wing out of Souda Bay, Crete, which was on a joint training exercise with the carrier group. The film 'supplemented the already scheduled training and did not interfere with any requirements', said Air Force Special Operations Command spokeswoman Lieutenant Colonel Rebecca Heyse. The USS Hyman G. Rickover, a Virginia-class attack submarine, makes a cameo, shot off the coast of Massachusetts. The interiors, however, were pure Hollywood: stage sets and actors for sailors. They did, however, have the help of a Navy representative and a retired submarine commander as a technical adviser. 'Being able to namecheck an aircraft carrier that you've filmed on lends a dimension of accuracy to the film that elevates it,' Paramount said, referencing a scene in which Hunt specifically requests the Bush carrier. The Pentagon's support 'lends authenticity to the military involvement necessary to help Ethan Hunt accomplish his mission'. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
25-05-2025
- Entertainment
- Business Times
Tom Cruise really did get a US aircraft carrier for this mission
[WASHINGTON] For fans of Tom Cruise's Mission: Impossible series, the Pentagon can answer the incredulous question at the climax of its latest trailer: 'You gave him an aircraft carrier?' Yes, the US Navy and Air Force Special Operations decided to accept the mission: help Cruise's secret agent Ethan Hunt save the world. Or, at least make a movie about it. For Paramount Global's The Final Reckoning, released on Friday (May 23) in the US, Cruise and the crew spent three days in the Adriatic Sea filming aboard the USS George HW Bush, a nuclear powered Nimitz-class carrier commissioned in 2009. It's the latest cinematic incarnation of Cruise's career-long affinity for the US military and its aircraft (as well as doing his own stunts). It's also an example of the Pentagon's willingness to showcase its hardware and martial might through a classic piece of American soft power, the Hollywood blockbuster. The Pentagon has a long history as a supporting character, most famously the 1990 spy thriller The Hunt for Red October – the one where Scotsman Sean Connery plays a Soviet submarine captain. Before getting on board, the Defense Department reviews scripts for accuracy and depictions of the military. (The Pentagon declined, for instance, to support Oliver Stone's multi-Oscar-winning Vietnam War drama Platoon.) A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up The US military also charges for equipment use, as well as transportation and lodging for personnel. For 2022's Top Gun: Maverick, for example, the Navy was paid as much as US$11,374 an hour to use its F/A-18 Super Hornets – which Cruise could not control as he flew in the fighter jet's backseat. For The Final Reckoning, however, Paramount's reported blowout budget of US$400 million got a break because the carrier and crew were already on scheduled training missions. 'Most, if not all, of the aircraft time was logged as official training requirements, and therefore not reimbursable,' the Pentagon said in a statement. The cast and crew – including Cruise, co-star Hannah Waddingham and director Christopher McQuarrie – were ferried to the carrier aboard Sikorsky Aircraft MH-60S Seahawks, flown by the Helicopter Sea Combat Squadron 5 based in Norfolk, Virginia. While aboard from Feb 28 to Mar 3, 2023, Cruise hosted a Top Gun: Maverick viewing in the ship's hangar bay and visited with sailors, who had been deployed for about six months at that time, the Navy said in a statement on Friday. 'Given that we were on deployment, operational and safety plans were in place so that if called upon, we were ready to execute our mission on a moment's notice,' spokesperson Lieutenant Commander Matthew Stroup said in the statement. The crew also filmed flight sequences, a scene in the navigation bridge and Hunt's departure aboard a CV-22 Osprey tiltroter aircraft, from the 352nd Special Operations Wing out of Souda Bay, Crete, which was on a joint training exercise with the carrier group. The film 'supplemented the already scheduled training and did not interfere with any requirements', said Air Force Special Operations Command spokesperson Lieutenant Colonel Rebecca Heyse. The USS Hyman G Rickover, a Virginia-class attack submarine, also makes a cameo, shot off the coast of Massachusetts. The interiors, however, were pure Hollywood: stage sets and actors for sailors. They did, however, have the help of a Navy representative and a retired submarine commander as a technical adviser. 'Being able to namecheck an aircraft carrier that you have actually filmed on lends a dimension of accuracy to the film that elevates it,' Paramount said in a response to questions, referencing a scene where Cruise's Hunt specifically requests the Bush carrier. The Pentagon's support 'lends authenticity to the military involvement necessary to help Ethan Hunt accomplish his mission'. BLOOMBERG
Yahoo
14-05-2025
- Business
- Yahoo
Defense Contractors Stocks Q1 Highlights: Huntington Ingalls (NYSE:HII)
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Huntington Ingalls (NYSE:HII) and the best and worst performers in the defense contractors industry. Defense contractors typically require technical expertise and government clearance. Companies in this sector can also enjoy long-term contracts with government bodies, leading to more predictable revenues. Combined, these factors create high barriers to entry and can lead to limited competition. Lately, geopolitical tensions–whether it be Russia's invasion of Ukraine or China's aggression towards Taiwan–highlight the need for defense spending. On the other hand, demand for these products can ebb and flow with defense budgets and even who is president, as different administrations can have vastly different ideas of how to allocate federal funds. The 13 defense contractors stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Building Nimitz-class aircraft carriers used in active service, Huntington Ingalls (NYSE:HII) develops marine vessels and their mission systems and maintenance services. Huntington Ingalls reported revenues of $2.73 billion, down 2.5% year on year. This print fell short of analysts' expectations by 2.1%. Overall, it was a mixed quarter for the company with an impressive beat of analysts' EBITDA estimates. 'We are encouraged by the pace of our operational initiatives in 2025. We expect throughput to ramp as we move through the year and, coupled with our cost savings initiatives, we expect steady improvement in support of our operational and financial goals. We are also very supportive of the administration's commitment to expand our nation's shipbuilding capabilities and the maritime industrial base," said Chris Kastner, HII's president and CEO. The stock is down 1.3% since reporting and currently trades at $227. Read our full report on Huntington Ingalls here, it's free. Formed through the split of IT services company SAIC, Leidos (NYSE:LDOS) offers technology and engineering solutions such as military training systems for the defense, civil, and health markets. Leidos reported revenues of $4.25 billion, up 6.8% year on year, outperforming analysts' expectations by 3.6%. The business had a very strong quarter with a solid beat of analysts' backlog and EBITDA estimates. The market seems happy with the results as the stock is up 5.9% since reporting. It currently trades at $156.49. Is now the time to buy Leidos? Access our full analysis of the earnings results here, it's free. Responsible for the development of the first stealth bomber, Northrop Grumman (NYSE:NOC) specializes in providing aerospace, defense, and security solutions for various industry applications. Northrop Grumman reported revenues of $9.47 billion, down 6.6% year on year, falling short of analysts' expectations by 4.7%. It was a disappointing quarter as it posted full-year EPS guidance missing analysts' expectations. Northrop Grumman delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 10.3% since the results and currently trades at $476.04. Read our full analysis of Northrop Grumman's results here. Founded to commercialize SIMSCRIPT, CACI International (NYSE:CACI) offers defense, intelligence, and IT solutions to support national security and government transformation efforts. CACI reported revenues of $2.17 billion, up 11.8% year on year. This result beat analysts' expectations by 1.5%. It was a very strong quarter as it also produced an impressive beat of analysts' backlog estimates and an impressive beat of analysts' EBITDA estimates. The stock is up 9% since reporting and currently trades at $462.04. Read our full, actionable report on CACI here, it's free. Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. Leonardo DRS reported revenues of $799 million, up 16.1% year on year. This number surpassed analysts' expectations by 9.2%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts' adjusted operating income estimates and a solid beat of analysts' EPS estimates. Leonardo DRS scored the biggest analyst estimates beat and fastest revenue growth among its peers. The stock is up 9.8% since reporting and currently trades at $40.60. Read our full, actionable report on Leonardo DRS here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. 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