Racks Defense

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Top story Defense stocks slide as Democratic midterm sweep raises doubts over Pentagon budget plans

A Democratic sweep in the midterms has investors questioning the durability of the administration's $1.5 trillion defense spending plan and future procurement priorities.

full coverage →defensemarketspolicy
Democratic Congress to reshape defense agenda, with budget fights, investigations and impeachment talk

With Republicans holding only a short window, defense-focused lawmakers face fights over funding, scrutiny of cyber and intelligence cuts, and possible cancellations of programs like Autonomous Warfare Command.

full coverage →policycongressdefense
Lockheed Martin to invest $420 million expanding Arkansas missile production site

The expansion reflects continued efforts to raise output of missiles such as Javelin and HIMARS amid sustained global demand.

full coverage →lockheedmissilesmanufacturing
SNC withdraws from Navy trainer jet competition, leaving Textron likely winner

The Navy now plans to award the UJTS trainer program between July and September 2027.

full coverage →navyaviationprocurement
US Air Force seeks industry partners to mass produce cruise missile for Ukraine

The service wants contractors to build the Extended Range Attack Munition at scale for Ukraine's fight.

full coverage →ukrainemissilesairforce
Amid Iran conflict, deaths of 2 US airmen raise overseas toll to 23

The two airmen died in non-hostile incidents while supporting operations against Iran.

full coverage →iranpentagoncasualties
Hegseth's wife was paid by firm that worked with a major defense contractor, report says

The report adds to scrutiny of the defense secretary amid broader political upheaval.

full coverage →hegsethpentagonpolicy
Elbit Systems wins $170 million, 15-year IDF training contract

The long-term deal with the Israeli military boosts Elbit's order backlog and training business.

full coverage →elbitisraelcontracts
Pentagon needs more ammunition for Iran war as small communities bear environmental costs

The Army's aging ammunition plants have left a legacy of pollution and safety violations as output ramps up.

full coverage →iranammunitionenvironment
Pentagon follows Ukraine in wider use of ground robots, but US UGVs are more complex

US officials are moving toward broader adoption of ground robots, though many American systems cost more than Ukraine's attritable drones.

full coverage →roboticspentagonukraine
Naval Group unveils SCX 26 drone carrier concept

The French shipbuilder says high-intensity conflict and hybrid naval warfare require a new vision for carrier design.

full coverage →navalgroupdronesnaval
Northrop Grumman's Talon Blue completes autonomous flight

The milestone advances Northrop's work on autonomous flight technologies.

full coverage →northropautonomyaviation
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