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Lockheed Martin Faces Stock Decline Despite Strong Backlog and Revenue Growth

Lockheed Martin Faces Stock Decline Despite Strong Backlog and Revenue Growth

Lockheed Martin Faces Stock Decline Despite Strong Backlog and Revenue Growth
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RTX Develops Turbojet-Powered StormBreaker for Extended-Range Precision Strikes

RTX Develops Turbojet-Powered StormBreaker for Extended-Range Precision Strikes

RTX is advancing the development of a turbojet-powered variant of the StormBreaker precision-guided weapon, designed to strike moving targets from greater distances. This new version incorporates a modified Pratt & Whitney TJ150 turbojet, enhancing the weapon's range and flexibility in contested airspace. The initiative, announced by RTX Chairman and CEO Chris Calio, aims to extend the reach of U.S. combat aircraft against sophisticated air-defense networks. The development is part of a coordinated effort to integrate Raytheon's precision-weapons expertise with Pratt & Whitney's propulsion technology.
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Pentagon Launches AI-Powered Marketplace for Counterdrone Technology

Pentagon Launches AI-Powered Marketplace for Counterdrone Technology

The Pentagon has introduced a new AI-powered marketplace designed to streamline the sale of counterdrone technology to foreign militaries. Developed by Kaizen Laboratories, the platform aims to facilitate the Foreign Military Sale Fast Lane Initiative, providing a single point of purchase for the U.S. military and its allies. The marketplace, which has been operational for two weeks, allows for efficient processing of foreign military sales, potentially reducing the time required for such transactions.
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Carter's Reports 5% Increase in Q2 2026 Net Sales, Surpassing Expectations

Carter's Reports 5% Increase in Q2 2026 Net Sales, Surpassing Expectations

Carter's Reports 5% Increase in Q2 2026 Net Sales, Surpassing Expectations
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Wayfair Reports Strong Q2 2026 Results with Record Free Cash Flow

Wayfair Reports Strong Q2 2026 Results with Record Free Cash Flow

Wayfair Reports Strong Q2 2026 Results with Record Free Cash Flow
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Gilead second-quarter sales rise 8%, beating Wall Street estimates

Gilead second-quarter sales rise 8%, beating Wall Street estimates

By Deena Beasley Aug 4 (Reuters) - Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs related to a series of acquisitions.
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Green Thumb Industries Reports Increased Revenue and Strategic Expansion in Q2 2026

Green Thumb Industries Reports Increased Revenue and Strategic Expansion in Q2 2026

Green Thumb Industries Reports Increased Revenue and Strategic Expansion in Q2 2026
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US Air Force Faces Challenges in Jet Engine Manufacturing

US Air Force Faces Challenges in Jet Engine Manufacturing

US Air Force Faces Challenges in Jet Engine Manufacturing
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BWX Technologies Reports Strong Q2 2026 Results, Focuses on Nuclear Expansion

BWX Technologies Reports Strong Q2 2026 Results, Focuses on Nuclear Expansion

BWX Technologies Reports Strong Q2 2026 Results, Focuses on Nuclear Expansion
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Palantir's Stock Surges 16% After Strong Q2 Performance; C3.ai and UiPath Remain Unaffected

Palantir's Stock Surges 16% After Strong Q2 Performance; C3.ai and UiPath Remain Unaffected

Palantir's Stock Surges 16% After Strong Q2 Performance; C3.ai and UiPath Remain Unaffected
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Amgen second-quarter sales rise 9%, profit tops Street view

Amgen second-quarter sales rise 9%, profit tops Street view

By Deena Beasley Aug 3 (Reuters) - Amgen on Tuesday reported second-quarter sales rose 9%, driven by demand for cholesterol drug Repatha, bone drug Evenity and medications for rare diseases, as the company continues to develop experimental weight-loss drug MariTide.
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U.S. Navy Expands Production of Anti-Submarine Mines Amid Rising Threats

U.S. Navy Expands Production of Anti-Submarine Mines Amid Rising Threats

The U.S. Navy plans to increase production of the Hammerhead anti-submarine mine system through a contract modification with General Dynamics Mission Systems. The Hammerhead system is designed to detect, classify, and engage submarines and could be deployed by unmanned underwater vehicles to counter increasingly capable Russian and Chinese submarine fleets. The Navy confirmed plans to modify an existing contract to increase the number of Hammerhead production units available under the program. Officials stated that the additional systems are required to meet operational fleet requirements beginning in fiscal year 2027.