Defense stocks tumble after Democratic midterm sweep raises doubts on Pentagon spending
Investors fear a Democratic-controlled Congress will tighten Pentagon budgets and cancel programs, hitting US and European defense shares.
Investor's Business Daily · +14 outlets
Two US airmen die in non-hostile incidents, raising overseas toll to 23 since Iran war began
The deaths add to mounting US casualties sustained while supporting operations against Iran.
Defensenews · +6 outlets
Defense-focused lawmakers face budget fight and Hegseth impeachment push after midterms
A Democratic sweep reshapes the congressional defense committees and threatens programs such as Autonomous Warfare Command and the Golden Fleet.
Breakingdefense · +14 outlets
Lockheed Martin plans $420 million expansion of Arkansas missile production
The investment expands Lockheed's missile capacity as demand rises for munitions, including for the Iran conflict.
The National Interest · +14 outlets
Pentagon seeks more ammunition for Iran war as aging Army plants draw pollution complaints
The Army's old ammunition factories have left a legacy of pollution and safety violations while output is ramped up.
Defensenews · +8 outlets
SNC withdraws from Navy trainer jet competition, leaving Textron likely winner
The Navy now plans to award the UJTS trainer jet program between July and September 2027.
Breakingdefense · +6 outlets
Court finds Navy unfairly evaluated Saildrone's MUSV proposal
The ruling faults the Navy for disparate treatment of Saildrone in the unmanned surface vessel competition.
Breakingdefense · +5 outlets
Elbit Systems wins $170 million, 15-year IDF contract
The long-term Israeli contract adds sustained revenue for Elbit amid strong global demand for defense electronics.
ad-hoc-news.de · +14 outlets
House Democrats to probe CISA cuts and intelligence policy under new control
Democrats plan oversight of cyberdefense cuts and will control confirmation hearings for national security officials.
Defenseone · +4 outlets
Thales subsidiary Advanced Acoustic Concepts wins $53.9 million Navy mine hunting contract
The deal covers remote mine hunting modules plus engineering support for the US Navy.
Breakingdefense · +11 outlets
Lockheed Martin closes acquisition of Ultra Maritime
The deal expands Lockheed's undersea warfare portfolio.
Defense and Munitions · +14 outlets
India taps two domestic shipbuilders for $5.7 billion corvette program
Garden Reach Shipbuilders and Goa Shipyard will build eight corvettes for the Indian Navy.
Breakingdefense · +2 outlets
France tasks Naval Group to develop large oceangoing underwater drone
A demonstrator is planned with sea trials starting in 2028.
Defensenews · +2 outlets
Israel and France compete for Swiss air defense contract
The two countries are head to head on a Swiss air defense deal.
Globes · +10 outlets
US Air Force seeks industry bids to mass produce cruise missile for Ukraine
The service wants contractors for the Extended Range Attack Munition to supply Ukraine.
Defensenews · +14 outlets
House China committee presses Air Force on cuts to think tank CASI
Lawmakers warn under-resourcing the China Aerospace Studies Institute could weaken understanding of Beijing's aerospace strategy.
Breakingdefense · +2 outlets
Shield AI teases wave of X-BAT fighter drone announcements in Europe
The company says prospective deals and industry pacts will be announced when ready.
Breakingdefense · +1 outlets
Turkey's Aselsan signs $1.1 billion overseas defense contract
The deal is a major export win for the Turkish defense giant.
Daily Sabah