defense

Airbus (OTC:EADSY) has recently introduced a new drone concept named Wingman, designed to support manned fighter jets in high-risk missions. What Happened: The aerospace giant displayed a model of the drone at the ILA Berlin Air Show, CNBC reported on Thursday. The Wingman concept is an “...

Actelis Networks, Inc. (NASDAQ:ASNS), a provider of networking solutions for IoT applications, saw its stock soar 700% in Wednesday’s pre-market trading following the announcement of new orders for its cyber-hardened technology to be deployed at three U.S. military bases. What Happened: At...

While Secretary of Defense Lloyd Austin informed political and defense officials in Singapore that U.S. relations with China are showing signs of improvement, most of his speech centered on enhancing regional partnerships as a precautionary measure against Beijing. Addressing Regional Concerns:...

Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million...

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...

In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General...

Palmer Luckey, founder of Anduril Industries, has praised his company’s contract with the U.S. Air Force to develop autonomous fighter jets. What Happened: During CNBC’s “Last Call” on Thursday, Luckey expressed his excitement about the project. He stated, "It’s also...

In 2023, global military spending saw a significant 7% increase, reaching $2.43 trillion, the highest surge since 2009, according to a report by the Stockholm International Peace Research Institute (SIPRI). What Happened: The United States, China, and Russia were the top three spenders, SIPRI...

The Defense Innovation Unit (DIU) of the Pentagon, known for its collaboration with startups, is set to receive a significant increase in funding and support. What Happened: The DIU, founded in 2015, has granted 62 contracts worth $5.5 billion to startups for products ranging from autonomous drones...

In a significant development for the defense sector, Lockheed Martin (NYSE:LMT) has clinched a substantial contract with the U.S. Missile Defense Agency, marking a pivotal moment for the company amidst recent budgetary adjustments and competitive pressures. What Happened: Lockheed Martin has been...

As part of a “crowning partnership,” U.S. President Joe Biden‘s administration is hosting Japanese Prime Minister Fumio Kishida for a state visit this week. What Happened: The initiatives are focused on aligning closer U.S. and Japanese military cooperation and coordination. The...

To counter Russia and China’s growing military power, the U.S. and its allies are contemplating a significant surge in defense spending, which could surpass $10 trillion in the next decade. What Happened: Despite global defense spending hitting a record $2.2 trillion last year, the European...

Jim Cramer recently expressed his confidence in the defense business of Palantir Technologies Inc. (NYSE:PLTR). What Happened: On CNBC’s “Mad Money,” Jim Cramer gave a thumbs-up to Palantir Technologies Inc. (NYSE:PLTR), praising the company’s recent performance and its...

Palantir Technologies Inc. (NYSE:PLTR) shares are on the rise following the announcement that the company will be a prime contractor for the U.S. Army’s Titan program. The CTO’s comments on the development shed light on the broader implications of the news. What Happened: Palantir...

The Biden administration is reportedly planning to slash the number of F-35 fighter jets ordered from Lockheed Martin Corporation (NYSE:LMT) by 18% in the upcoming 2025 budget. This decision comes as a result of Congress imposing a limit on the size of the defense budget. What Happened: Based on...