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United Technologies

unitedtechnologies

Growing geopolitical unrest can be catastrophic on a humanitarian scale while leading to significant levels of volatility across international markets. For opportunistic investors, however, geopolitical uncertainty can pave the way for fresh opportunities to pick up defense stocks. Although the topic of buying defense stocks has historically proven to be a difficult one for retail investors to come to terms with on a moral basis, the industry is forecasted to grow to a market size of $367.3 billion by 2029 and will be buoyed by further government spending should the uncertain climate remain. Using the iShares US Aerospace & Defence ETF, an industry-specific exchange-traded fund with $6.3 billion AUM, we can see that since the flare-up of conflict in Ukraine in February 2022, the fund has grown around 40%. The ETF’s upward trend was sustained by an escalation of violence in the Middle East in late 2023, and the implications of these heightened aggressions are clear on Wall Street. “Increased geopolitical tensions usually force governments to allocate more money to the defense budget,” explains Maxim Manturov, head of investment advice at Freedom24. “Companies that supply essential defense equipment, technology, and services will benefit from this increased spending.” “Look for defense companies with a diversified portfolio across different defense sectors such as aerospace, cybersecurity, and military equipment manufacturing. Diversification helps reduce risks associated with fluctuations in specific defense segments and provides stability to the overall investment,” Manturov added. Despite its sustained growth in recent years against the backdrop of geopolitical uncertainty, investors may still need to be wary of an overvaluation creeping in throughout the sector. According to a recent Goldman Sachs warning, European defense stocks had been trading at a 45% premium to broader equity markets, placing stocks at risk of a market correction. The value of the industry is likely to be determined more by its growth in light of the changing geopolitical landscape. Should escalations in Europe and the Middle East begin to slow, it’s inconceivable that the sector can sustain its strong rate of growth. With this in mind, investors should look to conduct sufficient research when diversifying their portfolio with defense stocks and choose only companies with a sustainable commitment to innovation to buy. Let’s explore three defense stocks that could offer the best upside for investors moving forward: 1. Lockheed Martin (LMT) With a market capitalization of $110 billion, it’s impossible to ignore Lockheed Martin (NYSE:LMT) when looking at picking up defense stocks. Despite supply chain concerns impacting profits in 2024, Lockheed Martin beat sales predictions by 7.5% and earnings estimates by 10% in its first-quarter report and managed to earn $6.39 per share on sales of $17.2 billion for the period. Lockheed Martin is one of the world’s largest defense contractors and has built a reputation for its commitment to delivering a diverse portfolio of aerospace and defense solutions that feature aircraft and cybersecurity solutions among its wide repertoire. The firm is also renowned for its famous ‘Skunk Works’ research center in California, and Lockheed Martin continuously benefits from this industry-leading R&D to build next-generation electronics that can be seen across its suite of aerospace and defense products. 2. Raytheon Technologies (RTX) Another stock that’s proved its worth in 2024 is Raytheon Technologies (NYSE:RTX). Posting Wall Street growth of more than 15% over the first half of the year, Raytheon Technologies has rallied higher in recent weeks off the back of a positive first-quarter earnings report that saw earnings per share climb to $1.34, beating analyst expectations of $1.23. The company’s revenue of $19.31 billion also surpassed its $18.41 billion expectations by 4.86%. While Raytheon Technologies doesn’t have the same level of diversification as Lockheed Martin without the production of vehicles like warships and fighter jets, the firm is a key player throughout a wide range of global military platforms led by other contractors. Crucially, if investors were to have added the stock at the time of the landmark merger between Raytheon and United Technologies on April 3 2020, their ROI today would be in excess of 110%. This makes the stock one of the best performers on this list, and certainly a firm to keep a close eye on. 3. Northrop Grumman (NOC) One of the strongest five-year performers in this list is Northrop Grumman (NYSE:NOC). Despite widespread difficulty throughout Wall Street in 2022, NOC recorded growth of more than 36% throughout the calendar year. Although the stock has failed to build on its momentum entering 2024, posting a slight decline over the first two quarters of the year, Northrop Grumman managed to comfortably beat earnings expectations for the first quarter, posting earnings of $6.10 per share, beating the Zacks Consensus Estimate of $5.95 per share. Perhaps most impressively of all, is that this means NOC has managed to beat the consensus EPS estimates four times over the past four quarters, making it a stock that’s consistently confounding analysts. Another firm that specializes in aerospace and defense technology, including unmanned systems and cybersecurity innovation, Northrop Grumman is a key player in the growing stealth warfare industry and has developed a large space-focused portfolio. \ Given its long-term commitment to innovation, the firm appears to be a solid long-term bet for more sustained growth in the future. Opportunities for Research-Focused Investors The long-term growth of these defense stocks will rely heavily on the wider geopolitical landscape and the necessity of government spending on increasing defense-focused budgets. With this in mind, investors seeking to diversify their portfolios and add defense stocks should be mindful to conduct sufficient research into the state of defense spending and look to geopolitics for indicators as to whether industry-focused stocks are likely to show continued outperformance in the future. As uncertainty continues to afflict the geopolitical landscape, investors can still find opportunities within the growth of the defense sector with plenty of potential upside for its most innovative stocks. Growing geopolitical unrest can be catastrophic on a humanitarian scale while leading to significant levels of volatility across international markets. For opportunistic investors, however, geopolitical uncertainty can pave the way for fresh opportunities to pick up defense stocks. Although the topic of buying defense stocks has historically proven to be a difficult one for retail investors to come to terms with on a moral basis, the industry is forecasted to grow to a market size of $367.3 billion by 2029 and will be buoyed by further government spending should the uncertain climate remain. difficult one for retail investors difficult one for retail investors $367.3 billion by 2029 $367.3 billion by 2029 Using the iShares US Aerospace & Defence ETF, an industry-specific exchange-traded fund with $6.3 billion AUM, we can see that since the flare-up of conflict in Ukraine in February 2022, the fund has grown around 40%. The ETF’s upward trend was sustained by an escalation of violence in the Middle East in late 2023, and the implications of these heightened aggressions are clear on Wall Street. “Increased geopolitical tensions usually force governments to allocate more money to the defense budget,” explains Maxim Manturov, head of investment advice at Freedom24 . “Companies that supply essential defense equipment, technology, and services will benefit from this increased spending.” Freedom24 Freedom24 “Look for defense companies with a diversified portfolio across different defense sectors such as aerospace, cybersecurity, and military equipment manufacturing. Diversification helps reduce risks associated with fluctuations in specific defense segments and provides stability to the overall investment,” Manturov added. Despite its sustained growth in recent years against the backdrop of geopolitical uncertainty, investors may still need to be wary of an overvaluation creeping in throughout the sector. According to a recent Goldman Sachs warning , European defense stocks had been trading at a 45% premium to broader equity markets, placing stocks at risk of a market correction. recent Goldman Sachs warning recent Goldman Sachs warning The value of the industry is likely to be determined more by its growth in light of the changing geopolitical landscape. Should escalations in Europe and the Middle East begin to slow, it’s inconceivable that the sector can sustain its strong rate of growth. With this in mind, investors should look to conduct sufficient research when diversifying their portfolio with defense stocks and choose only companies with a sustainable commitment to innovation to buy. Let’s explore three defense stocks that could offer the best upside for investors moving forward: 1. Lockheed Martin (LMT) With a market capitalization of $110 billion, it’s impossible to ignore Lockheed Martin (NYSE:LMT) when looking at picking up defense stocks. Despite supply chain concerns impacting profits in 2024, Lockheed Martin beat sales predictions by 7.5% and earnings estimates by 10% in its first-quarter report and managed to earn $6.39 per share on sales of $17.2 billion for the period. beat sales predictions by 7.5% beat sales predictions by 7.5% Lockheed Martin is one of the world’s largest defense contractors and has built a reputation for its commitment to delivering a diverse portfolio of aerospace and defense solutions that feature aircraft and cybersecurity solutions among its wide repertoire. cybersecurity The firm is also renowned for its famous ‘Skunk Works’ research center in California, and Lockheed Martin continuously benefits from this industry-leading R&D to build next-generation electronics that can be seen across its suite of aerospace and defense products. 2. Raytheon Technologies (RTX) Another stock that’s proved its worth in 2024 is Raytheon Technologies (NYSE:RTX). Posting Wall Street growth of more than 15% over the first half of the year, Raytheon Technologies has rallied higher in recent weeks off the back of a positive first-quarter earnings report that saw earnings per share climb to $1.34 , beating analyst expectations of $1.23. earnings per share climb to $1.34 earnings per share climb to $1.34 The company’s revenue of $19.31 billion also surpassed its $18.41 billion expectations by 4.86%. While Raytheon Technologies doesn’t have the same level of diversification as Lockheed Martin without the production of vehicles like warships and fighter jets, the firm is a key player throughout a wide range of global military platforms led by other contractors. Crucially, if investors were to have added the stock at the time of the landmark merger between Raytheon and United Technologies on April 3 2020, their ROI today would be in excess of 110%. This makes the stock one of the best performers on this list, and certainly a firm to keep a close eye on. 3. Northrop Grumman (NOC) One of the strongest five-year performers in this list is Northrop Grumman (NYSE:NOC). Despite widespread difficulty throughout Wall Street in 2022, NOC recorded growth of more than 36% throughout the calendar year. Although the stock has failed to build on its momentum entering 2024, posting a slight decline over the first two quarters of the year, Northrop Grumman managed to comfortably beat earnings expectations for the first quarter, posting earnings of $6.10 per share , beating the Zacks Consensus Estimate of $5.95 per share. posting earnings of $6.10 per share posting earnings of $6.10 per share Perhaps most impressively of all, is that this means NOC has managed to beat the consensus EPS estimates four times over the past four quarters, making it a stock that’s consistently confounding analysts. Another firm that specializes in aerospace and defense technology, including unmanned systems and cybersecurity innovation, Northrop Grumman is a key player in the growing stealth warfare industry and has developed a large space-focused portfolio. \ cybersecurity Given its long-term commitment to innovation, the firm appears to be a solid long-term bet for more sustained growth in the future. Opportunities for Research-Focused Investors The long-term growth of these defense stocks will rely heavily on the wider geopolitical landscape and the necessity of government spending on increasing defense-focused budgets. With this in mind, investors seeking to diversify their portfolios and add defense stocks should be mindful to conduct sufficient research into the state of defense spending and look to geopolitics for indicators as to whether industry-focused stocks are likely to show continued outperformance in the future. As uncertainty continues to afflict the geopolitical landscape, investors can still find opportunities within the growth of the defense sector with plenty of potential upside for its most innovative stocks.

Capitalizing on Uncertainty: 3 Defense Stocks To Look Out For as Geopolitical Tensions Rise

You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here. This part is 38 of 38. Conclusion As the NSS and NCS note, the 2020s are a decisive decade, and actions taken now will shape the contours of cyberspace, digital technologies, and the digital economy for the future. As it implements this strategy, the Department of State will work with Congress and interagency partners to evaluate current cyber authorities and to amend or create authorities as needed for the Department to keep pace with evolving cyber and digital technologies. Building innovative, secure, and rights-respecting digital ecosystems is a process that will extend beyond the timespan of this strategy, and likely to be characterized by progress, pauses, and reversals. There will be, however, some early signposts that will indicate the United States, allies, and partners are moving forward. First, the United States, allies, and partners, along with the private sector and civil society, will build on the early successes of the G7-Hiroshima Code of Conduct, the Biden-Harris Executive Order on AI, and the UK AI Safety Summit. We will reach consensus on guiding principles that foster innovation and the development of responsible AI as well as make significant investments to build the knowledge and infrastructure necessary to measure, evaluate, and verify advanced AI systems, including through the launch of the U.S. AI Safety Institute. We will advance global norms on the responsible and rights-respecting use of AI-enabled technologies. Second, the United States allies, and partners, along with the private sector, will develop common understandings and shared principles for security and trustworthiness in subsea cable, cloud services, and data centers and will increase support for extending access to cloud services to emerging economies. Third, the United States, allies, and partners will succeed in pushing forward more action-oriented discussions at the UN on international security issues in cyberspace. These discussions will focus on how member states can work together to implement critical elements of the framework for responsible state behavior and on building all states’ capacity to manage cyber-related threats. Fourth, the Department of State will draw on the Cyberspace, Digital Connectivity, and Related Technologies Fund to provide rapid incident response and cyber aid quickly and effectively, as well as longer-term capacity and resilience building. These strategic investments will not only strengthen the role of the United States as a digital partner, but also generate larger, self-sustaining investments by host countries in their own cybersecurity and digital transformation. oving forward, the United States will strive for a future in which cyberspace and digital technologies are used to advance economic prosperity and inclusion, enhance security, promote and protect human rights and democracy, and address transnational challenges. The Department of State will build and extend digital solidarity to partners across the globe. The United States recognizes the need to work together to align approaches to data and digital governance and to promote the research, development, and deployment of critical and emerging technologies. The United States seeks to be the partner of choice in improving cybersecurity, building resilience, responding to, and recovering from malicious cyber activity. Digital solidarity aims to connect people and information like never before, fostering a more inclusive, secure, prosperous, rights-respecting, safe, and equitable world. Notes [1] The idea of digital solidarity was first promoted by Pablo Chavez, “Toward Digital Solidarity,” Lawfare, June 28, 2022, https://www.lawfaremedia.org/article/toward-digital-solidarity [back to 1] [2] Fast Track Action Subcommittee on Critical and Emerging Technologies, Critical and Emerging Technologies Update, National Science and Technology Council, February 2024, https://www.whitehouse.gov/wp-content/uploads/2024/02/Critical-and-Emerging-Technologies-List-2024-Update.pdf [back to 2] [3] Anna Fleck, “Cybercrime Expected To Skyrocket in Coming Years,” Statista, February 22,2024, https://www.statista.com/chart/28878/expected-cost-of-cybercrime-until-2027/ [back to 3] [4] ITU, The Gender Digital Divide,  https://www.itu.int/itu-d/reports/statistics/2023/10/10/ff23-the-gender-digital-divide/ [back to 4] [5] UN, Secretary General, Group of Governmental Experts on Developments in the Field of Information and Telecommunications in the Context of International Security, July 2015, https://digitallibrary.un.org/record/799853?ln=en&v=pdf [back to 5] This post was originally published on May 6, 2024, by the U.S Department of State You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here. This part is 38 of 38. You can jump to any part of the United States International Cyberspace & Digital Policy Strategy here . This part is 38 of 38. here here Conclusion As the NSS and NCS note, the 2020s are a decisive decade, and actions taken now will shape the contours of cyberspace, digital technologies, and the digital economy for the future. As it implements this strategy, the Department of State will work with Congress and interagency partners to evaluate current cyber authorities and to amend or create authorities as needed for the Department to keep pace with evolving cyber and digital technologies. Building innovative, secure, and rights-respecting digital ecosystems is a process that will extend beyond the timespan of this strategy, and likely to be characterized by progress, pauses, and reversals. There will be, however, some early signposts that will indicate the United States, allies, and partners are moving forward. First , the United States, allies, and partners, along with the private sector and civil society, will build on the early successes of the G7-Hiroshima Code of Conduct, the Biden-Harris Executive Order on AI, and the UK AI Safety Summit. We will reach consensus on guiding principles that foster innovation and the development of responsible AI as well as make significant investments to build the knowledge and infrastructure necessary to measure, evaluate, and verify advanced AI systems, including through the launch of the U.S. AI Safety Institute. We will advance global norms on the responsible and rights-respecting use of AI-enabled technologies. First Second , the United States allies, and partners, along with the private sector, will develop common understandings and shared principles for security and trustworthiness in subsea cable, cloud services, and data centers and will increase support for extending access to cloud services to emerging economies. Second Third , the United States, allies, and partners will succeed in pushing forward more action-oriented discussions at the UN on international security issues in cyberspace. These discussions will focus on how member states can work together to implement critical elements of the framework for responsible state behavior and on building all states’ capacity to manage cyber-related threats. Third Fourth , the Department of State will draw on the Cyberspace, Digital Connectivity, and Related Technologies Fund to provide rapid incident response and cyber aid quickly and effectively, as well as longer-term capacity and resilience building. These strategic investments will not only strengthen the role of the United States as a digital partner, but also generate larger, self-sustaining investments by host countries in their own cybersecurity and digital transformation. Fourth oving forward, the United States will strive for a future in which cyberspace and digital technologies are used to advance economic prosperity and inclusion, enhance security, promote and protect human rights and democracy, and address transnational challenges. The Department of State will build and extend digital solidarity to partners across the globe. The United States recognizes the need to work together to align approaches to data and digital governance and to promote the research, development, and deployment of critical and emerging technologies. The United States seeks to be the partner of choice in improving cybersecurity, building resilience, responding to, and recovering from malicious cyber activity. Digital solidarity aims to connect people and information like never before, fostering a more inclusive, secure, prosperous, rights-respecting, safe, and equitable world. Notes [1] The idea of digital solidarity was first promoted by Pablo Chavez, “Toward Digital Solidarity,” Lawfare, June 28, 2022, https://www.lawfaremedia.org/article/toward-digital-solidarity [back to 1] [1] https://www.lawfaremedia.org/article/toward-digital-solidarity https://www.lawfaremedia.org/article/toward-digital-solidarity [back to 1] [back to 1] [2] Fast Track Action Subcommittee on Critical and Emerging Technologies, Critical and Emerging Technologies Update, National Science and Technology Council, February 2024, https://www.whitehouse.gov/wp-content/uploads/2024/02/Critical-and-Emerging-Technologies-List-2024-Update.pdf [back to 2] [2] https://www.whitehouse.gov/wp-content/uploads/2024/02/Critical-and-Emerging-Technologies-List-2024-Update.pdf https://www.whitehouse.gov/wp-content/uploads/2024/02/Critical-and-Emerging-Technologies-List-2024-Update.pdf [back to 2] [back to 2] [3] Anna Fleck, “Cybercrime Expected To Skyrocket in Coming Years,” Statista, February 22,2024, https://www.statista.com/chart/28878/expected-cost-of-cybercrime-until-2027/ [back to 3] [3] https://www.statista.com/chart/28878/expected-cost-of-cybercrime-until-2027/ https://www.statista.com/chart/28878/expected-cost-of-cybercrime-until-2027/ [back to 3] [back to 3] [4] ITU, The Gender Digital Divide, https://www.itu.int/itu-d/reports/statistics/2023/10/10/ff23-the-gender-digital-divide/ [back to 4] [4] https://www.itu.int/itu-d/reports/statistics/2023/10/10/ff23-the-gender-digital-divide/ https://www.itu.int/itu-d/reports/statistics/2023/10/10/ff23-the-gender-digital-divide/ [back to 4] [back to 4] [5] UN, Secretary General, Group of Governmental Experts on Developments in the Field of Information and Telecommunications in the Context of International Security , July 2015, https://digitallibrary.un.org/record/799853?ln=en&v=pdf [back to 5] [5] Group of Governmental Experts on Developments in the Field of Information and Telecommunications in the Context of International Security https://digitallibrary.un.org/record/799853?ln=en&v=pdf https://digitallibrary.un.org/record/799853?ln=en&v=pdf [back to 5] [back to 5] This post was originally published on May 6, 2024, by the U.S Department of State This post was originally published on May 6, 2024, by the U.S Department of State by the U.S Department of State by the U.S Department of State

Towards Responsible Innovation: US Initiatives in AI Safety and Cybersecurity

During a spacewalk in 2013, Italian astronaut Luca Parmitano found himself in grave danger — water was leaking into his helmet. The water quickly migrated in zero-G to his eyes, ears and nose. Quickly, Luca was struggling to hear and see and he began having trouble breathing. Fortunately, his partner for the spacewalk, Chris Cassidy, was nearby and guided Luca into the airlock and safety. Space is hard enough to survive in without water-filled helmets, so NASA halted all non-emergency spacewalks and launched an investigation to figure out exactly what happened. Contaminants introduced into the system had caused the water separator to malfunction and water backed up into the helmet just 30 minutes into what was supposed to be a 6.5-hour spacewalk. The data on the spacesuit specs, maintenance schedules and previous excursions was spread out across too many different locations. When NASA went to collect all possible data on the situation as part of the investigation, it turned out to be a task of astronomical proportions. Collin Estes is the Director of Software Engineering and Chief Architect at Mathematical Research Institute Technologies (MRI Technologies), who partners with United Technologies Corporation Aerospace Systems, the company that creates and maintains the spacesuits for extra vehicular activity (EVA) missions at NASA. Once the scope of the data problem was revealed, he and his team took on the challenge of creating an end-to-end system for data on the full lifecycle of spacesuits. But this is government work, remember, so it had to be done well, fast and as inexpensively as possible. He chose Node.js to make it work. If you are curious to know more about how NASA is using Node.js for data accessibility and beyond, . read this case study

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