The Trump administration has asked for a 44% increase in military spending in 2027, bringing the Pentagon budget near $1.5 trillion.
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Air taxi firm Archer unveiled a hybrid-electric eVTOL jointly developed with buzzy defense startup Anduril for commercial and military use.
On Monday, the defense contracting giant announced a $3.5 billion acquisition of naval-defense company Ultra Maritime.
Lockheed Martin has won billions in defense contracts over the next six years, but faces White House pressure to speed up production.
Shares soared 8% on an earnings beat Wednesday, erasing much of the losses the company has suffered since the start of the war in Iran.
NASA is teaming up with a host of private companies to build a lunar economy ready to welcome humans to the moon’s inhospitable surface.
The space agency also said Tuesday that it is planning to build a new nuclear-powered robotic spacecraft to launch to Mars by 2028.
Last month, the Pentagon invited 25 drone manufacturers to participate in a competition to win a $150 million prototype order.
Anthropic is insisting that its AI shouldn’t be used for surveillance or the development of automated weapons.
Anduril was last valued at $30 billion in June, when its $2.5 billion fundraising round was oversubscribed eight times.
Just a week after Figma’s successful market debut, Firefly Aerospace saw its stock pop more than 34% after listing on the Nasdaq on Thursday.
The AI-powered, data-crunching defense tech company enters its earnings call Monday as the year’s hottest stocks on the S&P 500.
NATO chief Mark Rutte said last week that the new defense 5% of GDP spending target amounts to a “quantum leap.”
Future battlefields will be shaped by AI weapons that defense firms and Big Tech are vying to build for the military. Guardrails are lagging.
Three titans of the US defense industry — Lockheed Martin, RTX, and Northrop Grumman — signalled tariffs are going to be bad for business.