Ukraine

Energy

Big Oil Says Diesel Export Ban May Drive Fuel Prices Even Higher

Photo via Daniel Torok / B66 / Avalon/Newscom

An average gallon of diesel in the US cost a record $6.52 on Wednesday, up from $3.39 one year ago, according to AAA.

2 min read

Photo via Covenant

Industrials

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

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 Jaap Arriens/Sipa USA/Newscom

Industrials

Lockheed Poised to Benefit as EU Approves Ukraine’s Purchase of Patriot Missiles

Lockheed Martin has been benefiting from missile demand as Western countries look to refill their missile stockpiles and build their arsenals.

2 min read
Photo via Ford

Industrials

Ford, GM Face Off Overseas in Bids to Build British Army’s Next-Generation Vehicle

NATO members last year pledged to spend 5% of GDP on defense by 2035, or roughly $3 trillion a year, up from the previous 2% target.

2 min read

Industrials

Lockheed Martin Places $3.5B Bet on Undersea Warfare Tech

Photo via Michael Brochstein/ZUMAPRESS/Newscom

On Monday, the defense contracting giant announced a $3.5 billion acquisition of naval-defense company Ultra Maritime.

2 min read

Industrials

Iran War Ignites US Demand for Cheaper Drone Defense Systems

Photo via Marine Corps Sgt. Calah Thompson

Last month, the Pentagon invited 25 drone manufacturers to participate in a competition to win a $150 million prototype order.

2 min read

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Photo via Christopher Boswell/Newscom

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read

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