US Politics & Business News
Power Metals is advancing what it describes as North America’s only cesium project at a pivotal moment for Western critical mineral supply chains. The United States currently imports 100% of its required cesium, a rare mineral used in atomic clocks, GPS systems, aerospace solar technology, advanced communications networks, and high-tech defense equipment. That total import…
RTX (NYSE: RTX) subsidiary Raytheon has secured a $22.9 billion, seven-year contract to dramatically accelerate production of Tomahawk cruise missiles for the U.S. Navy. The contract was awarded as part of the Department of War’s Arsenal of Freedom initiative, which has already produced landmark agreements with defense suppliers. Under the terms of the deal, Raytheon…
AST SpaceMobile (ASTS) reported second-quarter 2026 revenue of $31.52 million, doubling sequentially from approximately $15.8 million recorded in the first quarter. Despite the strong sequential growth, the company fell short of analyst expectations, missing the $35.18 million consensus forecast by $3.66 million, a shortfall of approximately 10.4%. Management attributed Q2 revenue performance to commercial gateway…
Shares of AST SpaceMobile (ASTS) snapped a two-day losing streak on Monday, gaining 0.2% after declining more than 4% across the prior two sessions. The modest rebound came as the Federal Communications Commission continued its review of Ligado Networks’ application to operate L-band broadband payloads aboard 96 satellites in AST’s constellation. Ligado filed the request…
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…