US Politics & Business News
RTX (NYSE: RTX) subsidiary Raytheon has locked in a massive $22.9 billion contract with the U.S. Navy to produce Tomahawk cruise missiles over seven years. The long-term agreement requires Raytheon to scale production to more than 1,000 Tomahawk missiles per year across a broad supplier network. The deal involves coordination with hundreds of suppliers, underscoring…
Rigetti Computing’s (RGTI) second-quarter 2026 results revealed a potentially significant shift in quantum computing demand, with commercial traction emerging alongside government and academic interest. Management noted the company is increasingly seeing commercial organizations purchase on-premises quantum systems, marking a departure from earlier patterns dominated by research institutions and government programs. Rigetti confirmed that its first…
RTX (NYSE: RTX), the aerospace and defense conglomerate behind Raytheon, Pratt & Whitney, and Collins Aerospace, has landed a landmark $22.9 billion U.S. Navy contract for Tomahawk cruise missiles. Shares climbed approximately 0.5% to $224.03 Monday morning as investors responded positively to one of the largest defense contracts awarded in recent memory. The seven-year agreement…
Shares of Intuitive Machines (NASDAQ: LUNR) jumped 6% to $20.22 in early Monday trading following a major contract announcement that extended Friday’s 8% rally. The company disclosed an authorization to proceed on a multi-satellite communications infrastructure program with an anticipated value of more than $600 million from an undisclosed customer. Intuitive Machines will use its…
Global semiconductor sales hit $403.3 billion in the second quarter of 2026, a 35.1% jump from the previous quarter, according to the Semiconductor Industry Association’s August 2026 report. Strong demand across the Americas, Asia Pacific and China continues to fuel industry expansion, reinforcing semiconductors as a cornerstone of technological innovation and economic growth. The World…
Raytheon, an RTX (NYSE: RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy to sharply accelerate production of Tomahawk cruise missiles. The Department of War announced the award on Monday, marking one of the most significant long-range strike munitions contracts in recent U.S. defense history. The agreement was awarded through the…
D-Wave Quantum Inc. (NASDAQ: QBTS) has appointed seasoned technology finance executive Kevan P. Krysler to its Board of Directors and Audit Committee, effective immediately. The company, which describes itself as the only dual-platform quantum computing provider offering both annealing and gate-model systems, announced the move on August 17, 2026. Krysler currently serves as chief financial…
D-Wave Quantum (NasdaqGS: QBTS) has entered a significant new partnership with Nasdaq Verafin to apply quantum computing directly to financial crime detection workflows. The collaboration focuses on deploying D-Wave’s quantum solutions to address complex financial crime analytics across the banking and financial services sector. This agreement marks a meaningful expansion of D-Wave Quantum’s commercial ambitions…
Billionaire hedge fund manager David Tepper’s Appaloosa Management closed out 12 positions entirely in its Q2 2026 13F filing submitted on August 14, 2026. The full exit list as of June 30, 2026 includes SanDisk (NASDAQ: SNDK), Corning (NYSE: GLW), PDD Holdings (NASDAQ: PDD), JD.com (NASDAQ: JD), and L3Harris Technologies (NYSE: LHX). Appaloosa also exited…
In August 2026, D-Wave Quantum secured up to C$300,000 in funding from Canada’s National Research Council to advance its software development efforts. Alongside that government-backed grant, D-Wave published peer-reviewed research in Nature detailing a high-fidelity, hardware-level error-correcting two-qubit gate already integrated into its dual-rail gate-model systems. Together, these two developments underscore D-Wave’s ongoing effort to…