Tag: defense

Trump Orders Navy to Ditch EMALS Catapults, Costing Billions

President Trump has ordered the US Navy to remove electromagnetic launch systems from Ford-class carriers and return to steam catapults, a move costing bil

Leidos Raises Annual Forecasts on Robust Defense and Government Demand

Leidos Holdings has raised its full-year revenue and profit forecasts, citing sustained demand for defense, intelligence and government technology services

Rolls-Royce Lifts Guidance as Defense Spending and AI Data Center Demand Fuel Growth

Rolls-Royce shares surged after the company hiked full-year guidance, driven by rising defense budgets and a more than 50% jump in AI data center power ord

Rheinmetall Q2 Revenue Jumps Nearly 70% as European Defense Spending Surges

Rheinmetall reported a nearly 70% surge in Q2 revenue and profit that beat forecasts, fueled by rising European defense spending and a growing order backlo

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