Tech & AI News

RTX Corporation (RTX) subsidiary Raytheon has secured a $511.5 million modification contract to purchase spares and exercise options for hardware production of the AN/SPY-6(V) family of radars. The contract was awarded by the Naval Sea Systems Command in Washington, D.C., extending Raytheon’s role as a key supplier of advanced naval radar systems. Work under the…

A fresh Falcon 9 rideshare mission has ignited a broad rally across the space sector, with launch providers capturing the sharpest gains in early trading. SpaceX (NASDAQ: SPCX) shares are trading at $156.76, up 6% in early trading following the successful deployment of payloads on another rideshare flight. Rocket Lab (NASDAQ: RKLB) is outpacing SpaceX…

TD Cowen has initiated coverage on IQM’s U.S.-listed shares with a Buy rating, pointing to the quantum computing developer’s early positioning as a key competitive advantage. The analyst firm’s bullish call highlights IQM’s potential to benefit from two of the most powerful forces reshaping the technology landscape: artificial intelligence and supercomputing. Quantum computing stocks have…

RTX secured a major new missile contract worth billions of dollars, yet the company’s stock has shown virtually no positive reaction to the news. The defense giant’s shares slipped 0.18% even as the broader S&P 500 climbed 0.73%, highlighting a clear disconnect between business wins and market performance. Investors and analysts are asking a pointed…

AST SpaceMobile (ASTS) is heading toward its worst weekly performance in over a month after B. Riley issued a significant downgrade on Friday, citing growing competitive threats. B. Riley downgraded ASTS to ‘Neutral’ from ‘Buy’ and cut its price target to $65 from $85, a reduction of more than 20% from its previous target. Despite…

IonQ (NYSE: IONQ) currently trades at $43.87, sitting nearly 50% below its 52-week high as losses widen and shareholders absorb significant dilution. Two sell-side firms, B. Riley Securities and Rosenblatt Securities, maintain a Street-high price target of $100.00, implying upside of 127.9% from current levels. The Wall Street average price target across 13 analysts stands…

Global defense spending is climbing sharply, driven by active conflicts, depleted weapons stockpiles, and surging government budgets across multiple nations. The 2027 National Defense Authorization Act proposes $1.1 trillion in U.S. defense and national security funding, a figure that could grow even larger. A separate $350 billion reconciliation package could push total American defense spending…

AST SpaceMobile (ASTS) shares rose 1% overnight Thursday after fresh regulatory filings revealed a new senior commercial executive and a substantial equity award. The filings identified Wayne Thorsen as AST SpaceMobile’s executive vice president and chief commercial officer, signaling a major leadership addition as the company advances toward full commercialization. A separate Form 4 disclosed…

D-Wave Quantum (NasdaqGS: QBTS) has appointed Bernard Gavgani as an independent director and a member of its Cybersecurity Committee, the company announced. Gavgani previously held senior technology and operations roles at BNP Paribas, giving him deep experience in enterprise IT management and risk oversight. His addition to the board signals a deliberate push by D-Wave…

AST SpaceMobile, Inc. (ASTS) closed Thursday’s trading session at $57.04, falling 3.09% from the previous day’s close as broader markets pushed higher. The decline stood in sharp contrast to the S&P 500, which posted a daily gain of 0.2%, while the Dow Jones Industrial Average edged up 0.04%. The technology-centric Nasdaq also managed a gain…