Racks Defense

primes, drones & budgets

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Top story 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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Lockheed Martin closes acquisition of Ultra Maritime

The deal expands Lockheed's undersea warfare portfolio.

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Israel and France compete for Swiss air defense contract

The two countries are head to head on a Swiss air defense deal.

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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.

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Ukraine's Yonhap reports North Korea air defense missile development

The report points to continued North Korean work on air defense missile systems.

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