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Lockheed Martin Exits $15B Navy Jet Contest, Narrowing Trainer Field
Lockheed Martin and Korea Aerospace Industries have withdrawn from the U.S. Navy’s Undergraduate Jet Training System (UJTS) competition. The decision follows...
U.S. Air Force Orders 4,300 JASSM Missiles, Replacing Stocks After Iran Conflict
The U.S. Air Force announced a procurement plan on April 23, 2026. This plan involves acquiring nearly 4,300 AGM-158 Joint Air-to-Surface Standoff Missiles...
RTX Hikes 2026 Outlook, Citing Record $271 Billion Backlog
RTX Corporation reported adjusted first-quarter 2026 revenue of $22.1 billion. Adjusted earnings per share reached $1.78. Revenue grew 9% year-over-year....
Lockheed Martin Reports 13% Profit Drop, Offset by Surging PAC-3 Demand
Lockheed Martin reported first-quarter sales of $18 billion. Revenue remained flat compared to the same period last year. Net earnings fell to $1.5 billion...
Pentagon accelerates Golden Dome missile shield, driving defense industry demand
Senior U.S. defense officials announced the Golden Dome for America missile defense initiative is advancing ahead of schedule. This next-generation layered...
Defense firms face contract termination, following new federal DEI ban
Federal Acquisition Regulation (FAR) clause 52.222-90 takes effect today, April 24, 2026. The rule implements President Trump’s March 26 executive order...
Boeing doubles F-15EX jet sales to 267, replacing aging Air Force fleet
The U.S. Air Force plans to more than double its procurement of Boeing F-15EX Eagle II jets to a total of 267 aircraft. This expansion follows a previous...
Northrop Grumman invests $2.5B in B-21 Raider, boosting production by 25%
Northrop Grumman announced a $2.5 billion self-funded investment during its Q1 2026 earnings call. This capital will accelerate production of the B-21 Raider...
L3Harris Lands $1B War Dept Investment, Targets 2026 Missile IPO
L3Harris Technologies closed a $1 billion strategic investment from the Department of War into its Missile Solutions business. The investment utilizes a...
L3Harris secures $1B missile investment, sets stage for 2026 unit IPO
L3Harris Technologies finalized a $1 billion strategic investment from the Department of War (DoW) into its Missile Solutions (MSL) business. The company will...
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...