Defense contractor
Appears in 2 stories
Partner exploring autonomous hybrid vertical takeoff and landing aircraft
A pilot sat in the cockpit of a Cessna Caravan for more than 3,000 miles and never once touched the controls. On September 18, 2026, the converted aircraft completed the first fully autonomous transcontinental flight in U.S. history, landing near the Outer Banks of North Carolina where the Wright brothers made their first powered flight in 1903.
Updated Sep 21
Spinning off Missile Solutions as separate public company; record backlog and dividend increase signal strong momentum
For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.
Updated May 22
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