Spinnerette: 01.25.24
+1.10 x 2 companies = +2.20 / 1 company @ +2.20 MTCH-UP
AEP + GIB + SNOW
BIG WEAPONS
Today’s Spinnerette has given me an opportunity to speak about the three dominant businesses that manufacture Big Weapons listed on the WSJ top 1000.
Lockheed Martin Corporation (LMT) is a pioneer of high-performance missiles. The company is an American aerospace, arms, defense, information security and technology corporation headquartered in Bethesda, MD. The company manufactures a long list of Big Weapon systems some include air-to air missiles, man-portables short-range anti-armor and assault weapons, kinetic energy hyper-velocity missiles. Currently, they are creating a combat cruise-missile-destroying 500 kilowatts of pure energy laser for the Department of Defense.
Revenue is approx. US$67.6 BILLION employing around 122,000
RTX Corporation formerly Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate and is one of the largest in the world. It is also one of the largest providers of intelligence services. Some of the company’s manufacturing of Big Weapons include guided missiles, air defense systems, and drones. They are a large military contractor and receive notable revenue from the United States Government. The company is headquartered in Arlington, VA.
Revenue is approx. US$68.92 BILLION and they employ 185,000.
Northrop Grumman Corporation (NOC) is a global aerospace and security company. They lead the development of the B-21 Raider which is a long-range stealth strategic bomber that is capable of dropping conventional and nuclear weapons. The company was the only one to bid on the Air Force’s Ground Based Strategic Deterrent program which aims to develop and build a new intercontinental ballistic missile. The company is headquartered in West Falls Church, VA.
A DADDY LONGLEGS: In 1994 Northrop Aircraft bought Grumman Aerospace which built the Apollo Lunar Module and created Northrop Grumman Corporation. Both company’s began in the 1930’s and were pioneers in developing military defense products.
Revenue is approx. US$36.60 BILLION and employ 95,000.
Also, I wanted to write about the Atomic Bomb. Recently, I watched the movie Oppenheimer and was saddened by the bombing and the aftermath of this destructive weapon on Japan. Although I’m aware of the importance of our country’s safety and that we have to continue to be vigilant especially after the horrific events of 911; I still feel overwhelmed when I hear about the scarring from war and the powerful weapons that inflict irreversible destruction. As a conclusion, I wonder why there cannot be a peaceful solution when there is conflict between countries. Mahatma Gandhi profoundly voiced “An eye for an eye will only make the whole world blind”.
A DADDY LONGLEGS: Regrettably, I have only been able to touched the surface of this controversial topic. It has been extremely interesting to research the top three company’s that supply our country with Big Weapons as well as other significant technological products that help keep our country safe. Possibly, this topic may emerge again in a Spinnerette and give me a chance to further my research.
AEP is American Electric Power Company Inc. that trades on NASDAQ. The company was formed in 1906 and is ranked as the nation’s largest generator of electricity. It owns and operates the Donald C. Cook nuclear power plant. In 2009 they struck a deal with Wyandot Solar LLC - the largest solar fields in the eastern United States. They own and operate Desert Sky Wind Farm and Trent Wind Farm. AEP shares are primarily held by institutional investors and Single Family Offices (Vanguard group, BlackRock, State Street Corporation and more) The company is headquartered in Columbus, OH and provides electricity for 11 states.
Revenue is approx US$19.6 BILLION
Traded Today @ $78.09
GIB is CGI Inc. stands for Consultants to Government and Industry Incorporated. The company is a multinational information technology consulting and Software Development business headquartered in Montreal, Quebec, Canada. The company was formed in 1976 as an IT consulting company by Serge Godin and later joined with his co-founder Andre Imbeau. The company went public in 1986 listing on the Toronto Stock Exchange they have a secondary listing on the NYSE. CGI is in more than 40 countries.
Revenue is approx. C$15 BILLION and they employ more than 90,000 worldwide.
Traded Today @ $109.19
SNOW is Snowflake Inc. an American cloud computing company headquartered in Bozeman, Montana. The founders of Snowflake are Benoit Dageville, Thierry Cruanes and Marcin Zukowski. They are a cloud-based data storage and analytics service which is termed “data-as-a-service”. It runs on Amazon S3, Microsoft Azure and Google Cloud Platform.
Revenue is approx US$2 BILLION and employ over 6,500 worldwide.
Traded Today @ $206.01
A DADDY LONGLEGS: All three of today’s companies are anagrams - AEP is ape & pea, GIB is big and SNOW is owns. Happily, out of the blue the anagrams keep blooming!
COMPANY/CORPORATION INFORMATION FROM GOOGLE WIKIPEDIA AND BRITANNICA