CEO John B. Wood expressed satisfaction with the company's performance and optimism about future growth, particularly in light of the new program awards. He highlighted the team's ability to manage through a challenging 2023 and deliver better than expected results.
Industrial Earnings Preview: General Electric$GE Aerospace(GE.US)$, 3M$3M(MMM.US)$, RTX$RTX Corp(RTX.US)$, Lockheed Martin$Lockheed Martin(LMT.US)$ GE at Highest Close Since 2017; 3M and RTX down by more than 10% from recent highs. Lockheed Martin narrowly in the green over the last year. Transport Sector Upbeat Notes Bernstein upgrades Union Pacific and Norfolk Southern to outperform. UBS upgrades J.B. Hunt$JB Hunt Transport Services(JBHT.US)$to buy; s...
Minimal insider purchases alongside absence of selling suggest insiders' confidence in company prospects. Although not significant alone, past year transactions have been encouraging.
Analyst forecasts suggest Telos will breakeven in the foreseeable future, comforting shareholders. Its ability to raise more cash for growth is viable, given the small burn rate relative to market cap.