Defense Contractors

Industrials

Thiel, Andreessen-backed Defense Startup Promises Cheap Missiles as US Rebuilds Arsenal

Photo via Covenant

Covenant says its factories will be capable of producing 1,000 missiles each next year, with the goal of scaling up to 5,000 missiles a year.

1 min read

Photo via Lev Radin/ZUMAPRESS/Newscom

Industrials

Defense Contractors Amass Record Backlogs as Military Spending Ramps Up

The Trump administration has asked for a 44% increase in military spending in 2027, bringing the Pentagon budget near $1.5 trillion.

2 min read
Photo via Michael Brochstein/ZUMAPRESS/Newscom

Industrials

Lockheed Snags $35B Missile Contract Amid Pentagon Pressure to Rev Up Production

Lockheed Martin has won billions in defense contracts over the next six years, but faces White House pressure to speed up production.

1 min read

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