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Navy Secretary John Phelan Fired, Citing Ethics Probe and Iran Tensions
The Pentagon fired U.S. Secretary of the Navy John Phelan on April 23, 2026. This sudden leadership change follows internal friction with Defense Secretary...
Boeing Narrows Q1 Loss, Led by Record $86 Billion Defense Backlog
Boeing reported a first-quarter core loss of $0.20 per share on revenue of $22.2 billion. This loss was significantly narrower than analyst consensus...
Boeing Hits Record $695 Billion Backlog, Reporting Narrow First-Quarter Loss
Boeing reported a record total company backlog of $695 billion for the first quarter of 2026. The commercial airplane division accounts for $576 billion of...
Boeing Beats Estimates with Narrower Loss, Driven by Record $695B Backlog
Boeing reported first-quarter 2026 revenue of $22.2 billion. This figure represents a 14% increase year-over-year. The company posted a core loss of $0.20 per...
Boeing Narrows Q1 Loss, Powered by Record $695 Billion Backlog
Boeing beat analyst expectations for the first quarter of 2026. Revenue reached $22.2 billion. This represents a 14% increase from the prior year. Commercial...
RTX Hikes Forecast, Driven by Surging Patriot and Missile Demand
RTX reported first-quarter 2026 revenue of $22.1 billion, a 9% increase year-over-year. Adjusted earnings per share rose 21% to $1.78, surpassing analyst...
Hanwha Aerospace partners with Northrop Grumman for AReS missile, targeting US market
Hanwha Aerospace and Northrop Grumman signed a memorandum of agreement to develop the Advanced Reactive Strike (AReS) missile system. The partnership focuses...
Pentagon Proposes $1.5 Trillion Budget, Largest Military Spending Hike Since WWII
The Pentagon unveiled a $1.5 trillion defense budget proposal for fiscal year 2027. This package represents the largest annual military expenditure increase...
GE Aerospace Joins Pentagon Weapons Talks, Aiming to Scale Drone Production
Pentagon officials held high-level meetings with GE Aerospace and major U.S. automakers to increase domestic weapons production. These discussions focused...
Lockheed Martin to arm Navy warships with PAC-3 missiles, boosting defense
The U.S. government awarded Lockheed Martin a contract to develop, integrate, and test the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement...
RTX Boosts 2026 Outlook, Driven by $271 Billion Backlog
RTX (NYSE: RTX) reported first-quarter 2026 results that exceeded analyst expectations. Sales reached $22.1 billion, a 9% increase over the previous year....
Congress Scraps Next-Gen Patriot Program, Prioritizing Immediate Global Demand
Congress canceled the Lower-Tier Future Interceptor (LTFI) program by cutting its 2026 budget funding. The LTFI initiative sought to develop next-generation...
Congress Scraps Next-Gen Patriot Program, Prioritizing Current PAC-3 Production
The U.S. Congress canceled the Lower-Tier Future Interceptor (LTFI) program by excluding it from the 2026 budget. This initiative was designed to develop a new...
US Air Force Seeks $3.2B for Spare Parts, Citing Readiness Crisis
The U.S. Air Force is requesting $3.2 billion for spare parts to combat a deepening aircraft readiness crisis. This request is part of a broader $15.4 billion...
US and Philippines Launch 4,000-Acre Hub, Securing Critical Tech Supply Chains
The Philippines and the United States will establish a 4,000-acre industrial hub within the Luzon economic corridor. This economic security zone provides a...
Russia Plans 7 Monthly Ukraine Strikes, Boosting Defense Contractor Orders
Russia escalated its aerial assault on Ukraine with a protracted series of missile and drone attacks. The strikes killed at least 18 people across several...
RTX Powers Northrop’s Talon Blue Drone, Accelerating Air Force CCA Program
RTX’s Pratt & Whitney will provide the propulsion system for Northrop Grumman’s YFQ-48A Talon Blue. The aircraft serves as a prototype for the U.S. Air Force’s...
RTX Wins $904.6 Million Army Contract, Strengthening Hypersonic Missile Defenses
RTX’s Raytheon division secured a $904.6 million contract modification from the U.S. Army. This award funds the low-rate initial production of five Lower Tier...
RTX Secures $905M Army Contract for LTAMDS, Advancing Missile Defense Modernization
RTX subsidiary Raytheon secured a $904.6 million contract modification from the U.S. Army. This award funds the low-rate initial production of the Lower Tier...
RTX Secures European Approval for GTF Engine, Clearing Path for Deliveries
RTX's Pratt & Whitney division secured certification from the European Aviation Safety Agency (EASA) for its GTF Advantage engine. This approval allows the...