A&D Weekly: IATA Reduced Airline Profits by >50% So Only The Strong Survive?

研报英文原文证据摘录

A&D Weekly: IATA Reduced Airline Profits by >50% So Only The Strong Survive?

Aerospace & Defense Electronics

Equity Research

June 26, 2026

NATO allies, provide reliable connectivity globally and allow future capability upgrades via software updates; deliveries are expected this year,

extending LHX’s decades-long support of German armed forces and adding to multiple prior D-LBO orders.

LHX: LHX broke ground on 2 additional self-funded PAC-3 propulsion facilities at its Arkansas Advanced Propulsion Facilities campus in Camden•

to support increased US Army PAC-3 production capacity. LHX produces the PAC-3 MSE interceptor’s two-pulse solid rocket motor, Attitude

Control Motors and Lethality Enhancer for LMT’s PAC-3 program; the expansion includes a ~75k sq ft cast, cure, and final assembly facility and

~70k sq ft case prep facility w/ AI-enabled X-ray inspection, automated casting and expanded curing capacity, contributing to LHX’s broader plan

to add ~60 facilities and nearly 1MM sq ft across Alabama, Arkansas and Virginia.

LMT: Awarded an $8.4BB US Army contract modification that increases the ceiling and extends the ordering period for Precision Strike Missile•

(PrSM) Increment 1, covering expanded production capacity, Early Operational Capability assets, follow-on production, continued development

and obsolescence management through FY32. The modification brings total cumulative contract value to $13.34BB, with work & funding to be

determined by order and completion expected Sept. 30, 2032. This follows the DoW framework agreement announced in March to accelerate

PrSM production via facility and test infrastructure investment. Army FY27 plans include ~$2BB for PrSM across discretionary and mandatory