The Trump administration has proposed sweeping new rules allowing the FAA to bypass lengthy environmental reviews for commercial rocket launches, spacecraft reentries, and spaceport approvals. The U.S. Transportation Department and the FAA jointly announced the initiative, which would grant environmental review waivers across 13 major federal statutes, including the National Environmental Policy Act, the Endangered…

The U.S. Defense Department moved on July 27 to address critical missile defense shortfalls by announcing two seven-year agreements tied to ongoing Iran tensions. The contracts were awarded to L3Harris Technologies (LHX) and Lockheed Martin (LMT) to expand propulsion capacity for Patriot and Terminal High Altitude Area Defense interceptors. The deals are designed to close…

Two very different companies are competing for investor attention in 2026, one burning cash to build satellites and the other generating billions from defense contracts. AST SpaceMobile (ASTS) represents an ambitious bet on universal cellular connectivity delivered directly through a growing constellation of satellites in low Earth orbit. Lockheed Martin (LMT) offers a mature, proven…

Lockheed Martin (LMT) has secured a major contract modification worth tens of billions of dollars, signaling that war-related defense spending shows no signs of slowing down. The U.S. military has fired a significant number of missiles in recent operations, leaving the Defense Department with a pressing need to replenish and expand its existing missile stockpiles….

Space stocks edged higher in premarket trading Thursday after Elon Musk publicly reinforced confidence in U.S. Moon and Mars ambitions. The rally followed bullish comments from NASA Administrator Jared Isaacman about SpaceX’s essential role in America’s lunar future, sparking renewed investor interest in the battered sector. SPCX and Rocket Lab (RKLB) each gained 0.1% in…

General Dynamics Corporation (GD) reported second-quarter 2026 earnings of $4.24 per share, beating the Zacks Consensus Estimate of $3.95 by 7.3%. The bottom line marked a 13.4% increase from $3.74 per share in the year-ago quarter, driven by higher operating earnings and lower net interest expense. Total revenues of $14.09 billion surpassed the consensus mark…

Space stocks sold off sharply this week even as the FAA unveiled a sweeping proposal to strip away environmental red tape for rocket launches. The Federal Aviation Administration proposed waiving requirements under 13 federal environmental laws for qualifying launch and reentry licenses, a move the Department of Transportation framed as a major step toward accelerating…