Can Northrop's Record Backlog Outrun Its Fixed-Price Charges?
Northrop Grumman reports third-quarter results Tuesday with a record $104.7 billion backlog. Q2's fixed-price charges and a 6.3% tax rate make the margin print, not demand, the real test.
The Army is folding HIMARS, Patriot, Typhon, and MLRS into three cab-less robotic launchers. Medium is weeks from award, Light is racing to Australia, and Heavy is next for Dark Eagle.
The Army is splitting C2 into a shared data layer and a commercial app store. Ivy Mass cut artillery fire-mission timelines by 90 percent as NGC2 scales to I Corps.
AFNWC awarded Raytheon an $8.0 billion sole-source IDIQ through 2036 for strategic communications terminals, including production restart, as the Pentagon recapitalizes NC3 airframes and ESS satellites.
Pentagon contracts, primes, and the stocks that move with them.
Lockheed Martin is reserving Avio USA solid rocket motor capacity for ER GMLRS and PrSM at a new Virginia plant, using an established European maker to ease the Pentagon's deepest munitions bottleneck.
China's Ministry of Commerce just placed six rare-earth categories on a new export control list. Against this backdrop, non-China magnet capacity has become a critical strategic asset, putting companies like Evolution Metals & Technologies Corp. (NASDAQ: EMAT) in the spotlight.
The U.S. Army expanded its Infantry Squad Vehicle requirement by 1,750% to nearly 12,000 units, scaling GM Defense's commercial-chassis platform across 39 brigades.
The Army intends to buy five contractor-flown ISR jets and take ownership by November 2027, covering a deep-sensing shortfall after it cut planned HADES production from as many as 14 aircraft to six.
Lockheed Martin debuted PAC-3 Edge, an in-house seeker and multi-pulse motor upgrade designed to counter hypersonic threats while reusing the Patriot production base.
JIATF-401 selected four directed-energy systems for a homeland C-UAS pilot. Lasers and microwaves now head to U.S. bases, with FAA airspace rules and a December Dugway shoot-off still ahead.
Anduril and the Navy are standing up a Maryland module yard to unclog Virginia-class assembly. Taxpayers take a 40 percent stake as gating hardware moves off the nuclear primes.
YFQ-48A Talon Blue flew itself end to end at Mojave, 15 months after the aircraft was conceived. Northrop is betting a self-funded demonstrator can win what its pricey Increment 1 bid could not.
Dealroom's 2026 defence tech report shows European startups racing toward $10.5 billion in venture capital. The money is clustering in Munich, while ministries still stall at pilots and production contracts.
Assistant Secretary Michael Dodd's office has partnered with In-Q-Tel to scout commercial technology, run due diligence, and move validated prototypes into combatant-command field evaluations within 12 months.
The Air Force expanded Scale AI's E-4C contract to $44.3 million, putting agentic software on the next nuclear command jet as Sierra Nevada converts 747-8s into flying command posts.
The U.S. Army is in the market for high-temperature drone magnets ahead of a January 2027 defense sourcing deadline. Evolution Metals & Technologies Corp. (NASDAQ: EMAT) already produces certified high-temperature grades from non-China metal.