Sierra Nevada Corporation Drops Out of Navy Jet Competition; Leidos Cited for Missile…
What happened
Sierra Nevada Corporation dropped out of the Navy's new training jet competition, and the Navy subsequently pushed back its award timeline. Separately, the Air Force secretary disclosed information regarding on-orbit space control weapons, and Air Force Special Operations Command pushed for a new cruise missile from Leidos.
From newsroomamerica.com
Why it matters
The competition outcome and the push for new defense systems affect the defense technology sector. Sierra Nevada Corporation's withdrawal from the Navy competition reduces its potential revenue, while the request for a new missile from Leidos suggests increased contract opportunities for the company.
From newsroomamerica.com
Who's involved
- Sierra Nevada CorporationAmerican electronic systems provider and systems integrator
- LeidosDefense, aviation, information technology, and biomedical research company
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Sierra Nevada CorporationSpeculative
Sierra Nevada Corporation might see reduced revenue due to dropping out of the Navy training jet competition.
- LeidosSpeculative
Leidos could see increased contract opportunities from Air Force Special Operations Command seeking a new cruise missile.
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The entities involved
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Sierra Nevada Corporation
American electronic systems provider and systems integrator
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Leidos
defense, aviation, information technology, and biomedical research company based in Reston, Virginia, United States