A broker for U.S. Defense Secretary Pete Hegseth reportedly contacted BlackRock in February to invest millions in the iShares Defense Industrials Active ETF, which holds major defense companies. However, the investment did not proceed as the fund was not yet available for Morgan Stanley clients. The Pentagon has strongly denied the report, calling it false and fabricated. This comes amid escalating U.S.-Iran conflict, with military operations intensifying in the region.
Raytheon successfully demonstrated its Next Generation Short Range Interceptor (NGSRI), designed to replace the Stinger missile for the U.S. Army. The demo showed the missile's improved range, precision, and lethality, using advanced optics and a new...
Pratt & Whitney has enhanced its engine inspection process by acquiring Amsterdam-based Aiir Innovations and integrating its AI-assisted borescope software. This technology improves the consistency and efficiency of inspections for commercial, civil,...
