Raytheon has secured a contract from Mitsubishi Heavy Industries to supply SeaRAM ship self-defense systems for Australia's Sea3000 frigate program, replacing older Anzac-class ships with 11 upgraded Mogami-class frigates. The SeaRAM system enhances ship defense by combining missile and close-in weapon technologies to protect against advanced airborne threats. This marks Australia's first procurement of this terminal defense system, with deliveries expected to begin in late 2028. The contract work will be carried out in Louisville, Kentucky, supporting the installation and testing of the systems on the first three ships built in Japan.
Lance Roberts warns that the S&P 500 is significantly overextended above its key moving averages, increasing the likelihood of a mean-reversion correction of 10-15% this summer. Momentum indicators like the RSI and tech stock gauges support this over...
RTX Chairman and CEO Chris Calio will speak at the 2026 Bernstein Strategic Decisions Conference on May 29 at 10:00 a.m. Eastern Time. The presentation will be streamed live on RTX's website and archived for later viewing. RTX is a major technology a...
Palantir's stock is under pressure despite a 70% revenue surge in Q4 2025, trading at very high valuation multiples that worry investors and insiders alike. To justify its price, Palantir must sustain aggressive growth targets, especially in U.S. com...
Rising geopolitical tensions and a worsening global energy crisis are threatening economic stability, prompting investors to adopt defensive portfolio strategies. Companies like Alphabet and Amazon are seen as resilient, AI-driven investments likely ...
Ducommun Incorporated reported a record first quarter 2026 revenue of $209 million, up 9% from the previous year, driven by strong commercial aerospace and defense sales. Net income soared 607% to $9.9 million, supported by improved gross margins and...
