z8bet The increase is an addition to the $64 million awarded to X-Bow in 2023 to expand production capacity of the solid rocket motor industrial base. LULING, Texas , Dec. 20, 2024 /PRNewswire/ -- X-Bow Systems Inc. (X-Bow), a leading non-traditional producer of advanced solid rocket motors (SRMs) and defense technologies, today announced the expansion of its contract to provide large solid rocket motors (SRM) to the U.S. Navy and the U.S. Army. This increase reinforces X-Bow as a new supplier of SRMs and strengthens the Defense Department supply chain in a critical period for the United States . Following the increase, X-Bow hosted Ms. Adele Ratcliff , Director of the DoD's Innovation Capability and Modernization (ICAM) Office, at our expanding Texas campus on December 3, 2024 . Ms. Ratcliff leads the Industrial Base Analysis and Sustainment (IBAS) Program, crucial for fortifying the U.S. defense industry and fostering emerging sectors like advanced manufacturing to ensure rapid response to national security needs. Ms. Ratcliff stated, "It is a national imperative that DoD seek new and rapid alternative sources of solid rocket motor production that provide the Department's decisions makers options that not only meet DoD's operational needs but bring capabilities and capacity to bear that grow the defense industrial base (DIB). X-Bow is a critical partner in the DIB ecosystem that aims to provide technical overmatch in the Hypersonics domain." "This contract expansion underscores the critical role X-Bow is playing in modernizing the U.S. defense industrial base," said Max Vozoff , CTO, X-Bow Systems. "Our innovative manufacturing techniques and focus on advanced materials will enable us to deliver high-performance solid rocket motors more efficiently and cost-effectively, strengthening our national security posture." Ms. Ratcliff witnessed X-Bow's new methods for manufacturing SRMs and energetics that will lead to a significant increase in SRM production capacity and decrease in cost for production of SRMs. X-Bow is nearing completion of its Texas campus which, when finished will be the second-largest solid rocket motor production facility in the United States . This facility will significantly enhance our nation's defense readiness. Ms. Ratcliff's visit highlighted the vital role X-Bow plays in strengthening the U.S. Defense Industrial Base through our advanced manufacturing approach to solid rocket motor technology. About X-Bow Systems X-Bow Systems is disrupting the aerospace industry with innovative and cost-effective advanced manufactured energetics for the solid rocket motor and launch vehicle market. X-Bow is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. X-Bow is led by CEO Jason Hundley , Chairman Mark Kaufman , CTO Max Vozoff , CRO Maureen Gannon, General Counsel John Leary , COO Mike Bender and a growing team of seasoned industry veterans and new space entrepreneurs. X-Bow is a dual-use technology company with investment from Crosslink Capital, Razor's Edge Ventures, Balerion Space Ventures, Boeing, and Lockheed Martin Ventures. Headquartered in Albuquerque, New Mexico , X-Bow has additional presence in California , Alabama , Colorado , Texas , Utah , Maryland and Washington, DC . For more information visit www.xbowsystems.com . About DoD's Innovation Capability and Modernization (ICAM) Office: The Innovation Capability and Modernization (ICAM) Office manages and executes the DoD's Industrial Base Analysis and Sustainment (IBAS) Program Element, which aims to improve the readiness and competitiveness of the U.S. industrial base by investing in, and establishing high priority domestic capabilities for new supply chains needed for national security and mitigating exposure to global supply chain risks. The appearance of U.S. Department of Defense visual information does not imply or constitute DoD endorsement. View original content to download multimedia: https://www.prnewswire.com/news-releases/x-bow-to-receive-additional-funding-for-expansion-of-dod-contract-for-hypersonic-solid-rocket-motor-development-302337560.html SOURCE X-Bow Systems © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Mbappé enduring 'difficult moment' as he misses another penalty kick and Madrid loses to AthleticDocuSign, Inc DOCU stock climbed after the company reported better-than-expected third-quarter financial results and issued fourth-quarter and fiscal 2025 revenue guidance above estimates. On Thursday, DocuSign reported third-quarter revenue of $754.8 million, up 8%, topping the consensus estimate of $745.26 million. It reported third-quarter adjusted EPS of 90 cents, above analyst estimates of 87 cents. Also Read: What’s Going On With US Listed Chinese Stocks Alibaba, JD, Nio, Li, XPeng On Friday? DocuSign forecasts fourth-quarter revenue of $758 million—$762 million, compared to analyst estimates of $755.95 million. Wall Street rerated the stock and raised its price targets. RBC Capital analyst Rishi Jaluria maintained DocuSign with a Sector Perform and raised the price target from $57 to $90 . Piper Sandler analyst Rob Owens reiterated DocuSign with a Neutral and raised the price target from $60 to $90. JPMorgan analyst Mark R Murphy maintained an Underweight on DocuSign with a price target of $70. RBC Capital: Due to peer multiple expansion, the price target reflects 18x Enterprise Value/Calendar 2025 Free Cash Flow from the prior 11x. DocuSign reported a good beat-and-raise quarter, leading to an after-hours stock rally. Billings acceleration highlighted the quarter. One-third of billings came from early renewals, but usage trends are increasing. The company raised its guidance well ahead of outperformance, and NRR improved. While there was improvement in the core business, the case for meaningful acceleration rests on ramping up Intelligent Agreement Management (IAM), which remains early. Jaluria noted most of the outperformance coming from results in the third quarter as more of a function of the demand environment stabilizing. He wants to see more proof points regarding IAM adoption to get comfortable underwriting acceleration. Operating margin expansion was impressive, but the upside is becoming more muted. Jaluria expects this trend to continue into fiscal 2026 as management strives to accelerate growth back to double-digits. Overall, the quarter was solid, but clarity into IAM driving a sustained growth acceleration still needs improvement. Jaluria projects fourth-quarter revenue of $760.2 million and EPS of $0.83. Piper Sandler: The third-quarter top- and bottom-line metrics came in above expectations, with billings growth showing upside on an easy comp, driven partly by early quarterly renewals. IAM showed strength in its first full quarter, with ~80% of sales representatives closing three or more IAM deals. While Owens is encouraged by the acceleration, he noted it is still too early until newer products and solutions contribute meaningfully to the model – and overall growth. The analyst awaits durable signs of inflection from newer growth levers. Owens projects fourth-quarter revenue of $760 million and EPS of $0.87. JP Morgan: In Murphy’s preview, he expressed a positive tone heading into DocuSign’s third-quarter results while raising his price target, calling out the likelihood for positive early indications on newer product initiatives such as IAM, improvements in transactional activity including envelope and consumption patterns, and further operational refinements to the business that could support a pick-up in underlying organic growth trends. Overall, Murphy noted this aligns well with DocuSign results as it posts a mild uptick in third-quarter revenue growth and billings growth, which is picking up more noticeably off a very depressed second-quarter level alongside positive demand commentary. As a reminder, across his recent notes, he had explicitly called out DocuSign as among a group of beaten down, pandemic pull-forward stocks that could see positive share price reactions if they deliver growth rates that are stabilizing or picking up, which has primarily played out across this group, including for Twilio Inc TWLO and Zoom Communications, Inc ZM in recent months. Overall, Murphy remains complimentary of DocuSign’s turnaround execution and innovation efforts. However, it remains focused on a more straightforward path to recapturing sustainable, long-term double-digit growth, reiterating it as an aspirational target today, alongside a cleaner GAAP profitability framework to provide further valuation support that SBC doesn’t inflate. While acknowledging a moderation in the pace of revenue deceleration, Murphy noted the risk/reward dynamic for DocuSign shares as inferior relative to our broader software coverage list, with revenue and billings growth continuing to show muted growth. The analyst noted it would take time for the company’s investments in self-serve motion and product innovation to bear fruit and regain investor confidence in its long-term ability to drive higher ARPU and steady new customer wins, particularly among large enterprises. Murphy projects fourth-quarter revenue of $760.0 million and EPS of $0.85. Price Action: DOCU stock is up 28% at $107.00 at last check Friday. Also Read: Booz Allen and Palantir Partner To Drive US Defense Operations Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign

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Glasswing AI Launches Revolutionary AI Vendor Discovery Platform with over 4,000 Vetted AI ProvidersThe defence ministry has signed a ₹7,628 crore contract with major defence manufacturer Larsen & Toubro to procure self-propelled artillery guns for the Army that will add to combat capabilities, particularly in high altitude areas like Eastern Ladakh. The contract for 100 guns was inked on Friday, days after it was cleared by the Cabinet Committee on Security. The Army already has 100 of the K9 Vajra guns that are manufactured by L&T at its Hazira plant. "This versatile artillery gun, with its cross-country mobility, will play a pivotal role in enhancing the firepower of the Indian Army , enabling deeper strike with precision and its lethal firepower will bolster the capability of artillery in all terrains," defence ministry officials said. With the capability of accurate fire and quick maneuvering to move out of enemy range, these guns have already been deployed successfully in the Ladakh theatre with the Army appreciating their performance in extreme conditions. "The gun is equipped with cutting-edge technology and is capable of delivering long-range lethal fires with high accuracy and higher rate of fire. It will be able to operate in sub-zero temperatures in high-altitude areas to its full potential," officials added. Domestic production of the guns will generate employment of more than nine lakh man-days over a period of four years and will involve scores of suppliers, including from MSMEs. The guns have been upgraded to meet the special requirements of the Army for operations in high altitude regions with extreme weather conditions. (You can now subscribe to our Economic Times WhatsApp channel )

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Donald Trump's Middle East envoy, Steve Witkoff, made headlines by visiting Saudi Arabia for a key meeting with Crown Prince Mohammed Bin Salman. According to sources cited by Axios, the discussions took place on Wednesday, underlining significant diplomatic engagements asserting U.S. interests in the region. Meanwhile, Massad Boulos, appointed as a senior adviser to Trump on Arab and Middle East issues, engaged in discussions with the Qatari prime minister in Doha. Axios also highlighted this development, occurring during the same week as Witkoff's visit, pointing to parallel diplomatic ventures. The movements of these envoys underscore the complex web of diplomacy and negotiations underway, as the U.S. reinforces its strategic alliances and dialogues across the Middle East. (With inputs from agencies.)

STRV: The S&P 500 With Active Corporate GovernanceJavon Leake is staying put. A CFL source said Friday the veteran running back-returner has agreed to terms on a two-year extension with the Edmonton Elks. Leake was slated to become a free agent in February. The source added the deal — which was negotiated by Kenny Kim of Summit Athletes — was worth more than $270,000 in hard money. The source spoke on the condition of anonymity as the Elks hadn't formally announced the move. The six-foot, 205-pound Leake ran for a career-high 661 yards on 102 carries (6.5-yard average) with six TDs in 15 games this past season, his first with Edmonton. Leake also had two 100-yard rushing contests in 2024 while adding 34 catches for 301 yards and a touchdown. Leake also had 23 punt returns for 214 yards and 25 kickoff returns for 539 yards. Leake joined the Elks as a free agent after spending two seasons with the Toronto Argonauts, winning a Grey Cup with the club in 2022. Leake was used predominantly as a returner with Toronto and was the CFL's top special-teams player in 2023 after registering 81 punt returns for 1,216 yards and four TDs. He had 38 kickoff returns for 793 yards. Leake had 15 carries for 52 yards over his two seasons with the Argos. This report by The Canadian Press was first published Dec. 13, 2024. The Canadian Press

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