Aerospace and Defense Contractor
Appears in 4 stories
Expanding solid rocket motor production capacity
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 7 days ago
Strategic investor and manufacturing partner via Scaled Composites
The tube-and-wing aircraft design has dominated commercial aviation since the Boeing 707 entered service in 1958. JetZero, a Long Beach startup, just raised $175 million to challenge that 67-year-old paradigm with a blended-wing aircraft. The new design merges fuselage and wings into a single lifting surface, promising 50% fuel savings over conventional jets.
Updated May 21
Stock surged 8.3% on budget proposal after initial drop on buyback ban
Trump wants to spend $1.5 trillion on defense in 2027—a jaw-dropping 66% jump from this year's $901 billion. This would be the largest single-year defense increase since the Korean War.
Updated May 19
Primary CRS cargo provider alongside SpaceX
For more than a decade, NASA has relied on private companies to haul groceries, lab equipment, and experiments to the International Space Station — a deliberate bet that commercial logistics would be cheaper and more reliable than government-built rockets. On April 11, 2026, Northrop Grumman's enlarged Cygnus XL spacecraft launched atop a SpaceX Falcon 9, delivering roughly 11,000 pounds of science cargo to the station, including hardware for quantum physics research and therapeutic stem cell production.
Updated Apr 11
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