defense

Palantir Technologies Inc (NASDAQ:PLTR) saw its stock dip by 1.40% in pre-market trading on Thursday, following a remarkable surge earlier in the week, according to Benzinga Pro. The stock reached new all-time highs on Wednesday, driven by strong earnings and market reactions to the 2024 U.S....

Defense contractor L3Harris Technologies Inc. (NYSE:LHX) experienced a notable 4.45% rise in pre-market trading on Friday. This surge followed the release of its third-quarter financial results, which exceeded market expectations. What Happened: Benzinga Pro revealed that L3Harris was trading at $...

Lockheed Martin Corp (NYSE:LMT) experienced a 1.04% rise in pre-market trading on Tuesday as the company prepared to unveil its third-quarter financial results before the market opens. Lockheed Martin has consistently outperformed analyst expectations for the past seven quarters, and this trend is...

The U.S. and Taiwan are initiating collaboration between their drone companies to create supply chains independent of China. Executives from 26 U.S. drone and anti-drone companies will arrive in Taipei on Sunday for three days of meetings with Taiwanese counterparts, military officials, and...

In a recent development, South Korea hosted an international summit focusing on the responsible use of artificial intelligence (AI) in military operations. The summit saw participation from over 90 countries, including the United States and China. What Happened: The two-day summit, held in Seoul,...

The newly appointed quasi-ambassador from the U.S. to Taiwan, Raymond Greene, has lauded Taiwan’s efforts to bolster its defense capabilities. This comes amid apprehensions over the U.S.’s allegiance to its allies, given the potential of Donald Trump returning to the presidency. What...

Government orders for weapons are expected to increase due to escalating geopolitical tensions, leading to a surge in cash flow for global aerospace and defense companies over the next three years. What Happened: Vertical Research Partners projected that the top 15 defense contractors worldwide...

Former government official Mike Gallagher has joined Palantir Technologies (NYSE:PLTR), sparking a new debate on national security by pointing out a divide between corporate America and ordinary citizens. What Happened: Gallagher stated during CNBC’s “Squawk Box” on Thursday that...

Rocket Lab USA, Inc. (NASDAQ:RKLB) has appointed Kenneth Possenriede to its Board of Directors. The announcement was made on Thursday. What Happened: Possenriede, who brings over 35 years of experience from Lockheed Martin Corp (NYSE:LMT), served in various financial leadership roles, including as...

The possibility of Donald Trump‘s return to the White House has triggered a surge in investments in European defense-tech startups, as per industry executives and investors. What Happened: Trump’s unpredictable approach towards NATO and defense budgets has led to a rise in military...

In a month marked by global market turmoil, where leading tech giants like Alphabet Inc, Apple Inc, and Tesla Inc saw their valuations drop by a combined trillion dollars, the defense sector has shown resilience. Stocks of three major companies—Lockheed Martin Corp (NYSE:LMT), RTX Corporation (NYSE...

Software behemoth Microsoft Corporation (NASDAQ:MSFT) and big data specialist Palantir Technologies Inc. (NYSE:PLTR) have unveiled an expanded partnership. The collaboration aims to deliver superior AI and analytics capabilities to the U.S. Defense and Intelligence Community. What Happened: The...

Chinese President Xi Jinping has called for the integration of advanced technology in border defense, advocating for a “smart system.” What Happened: In a recent group study session attended by the Communist Party's top policymaking body, the 24-member Politburo, Xi emphasized the need...

Lockheed Martin Corporation (NYSE:LMT) shares are trading higher today. The Pentagon will reportedly resume accepting new F-35s next week. As per a report issued Wednesday, the service plans to select the builder of its next fighter jet later this year. Gen. Kenneth Wilsbach, the head of Air Combat...

In a recent development, four European tech firms have been selected as the first beneficiaries of the €1 billion ($1.1 billion) innovation fund set up by a consortium of NATO allies. What Happened: The NATO Innovation Fund (NIF) was initiated in 2022 in response to Russia’s aggression...