L3Harris postpones missile unit IPO until mid-2027
CEO Chris Kubasik told investors that “market conditions do not reflect the value we’re building,” and it would be better to wait for them to “settle down.”
Category: Defense
Iran to get Chinese shoulder-launched missile systems in weeks, sources say
Iran is expected to receive within weeks a first shipment out of up to 400 Chinese-made shoulder-fired air defense missile launchers, three sources familiar with the deal told Reuters, as it rebuilds its defenses amid war with the United States.The purchase, valued at $60-$70 million, is one of Tehran’s largest-known efforts to strengthen its short-range…
Iran war depleted US Patriot missile stockpiles, creating readiness challenges, experts say
The United States has depleted roughly two-thirds of its pre-war Patriot missile interceptor inventory during the conflict with Iran, according to a new analysis by the Center for Strategic and International Studies — a drawdown the think tank says could create readiness challenges if another major conflict erupts before stockpiles are rebuilt.Using publicly available information…
Navy awards $76.6 billion for Virginia, Columbia-class submarines
The U.S. Navy announced that it is awarding contracts for another round of ballistic missile and fast-attack submarines. The Defense Department is granting a collective $76.6 billion to General Dynamics Electric Boat for five Columbia-class submarines and to both General Dynamics Electric Boat and Huntington Ingalls Industries-Newport News Shipbuilding for nine Virginia-class submarines to be…
F-47 program producing test aircraft, on schedule for 2028 flight
The U.S. Air Force’s F-47 program has begun its engineering and manufacturing development phase and will fly in the coming years, a service official said.The program, described as “extreme teaming” with industry partners, entered the phase with “unprecedented maturity,” Gen. Dale White, director of Critical Major Weapon Systems, said in a Wednesday keynote address at…
The arms race for cheaper anti-ballistic weapons is underway
KYIV, Ukraine — The race for a new anti-ballistic system has begun.After decades of relying on the U.S.-made Patriot interceptor system and its hit-to-kill PAC-3 munition as the most proven air defense against ballistic missiles, three new tracks are now leveraging international cooperation and a dire global need to develop and manufacture cheaper interceptor platforms.…
Amazon uncovers broad North Korean hacking campaign against open-source software
A North Korea-linked hacker group has been tied to four open-source software compromises dating back to March 2025, Amazon researchers said Wednesday, significantly expanding the publicly known scope of Pyongyang’s efforts to use trusted code to reach large numbers of potential victims and gain access to companies’ systems. The assessment for the first time links…
Iran war ‘accelerated’ key tanker connectivity upgrades, top Air Force officials say
DAYTON, Ohio—The ongoing war in Iran has pushed Air Force officials to prioritize battlespace awareness upgrades on the service’s tanker fleet, four months after two KC-135s were involved in a deadly crash during Operation Epic Fury. Top acquisitions officials told reporters Tuesday during the Life Cycle Industry Days conference here that upgrading the KC-135, the…
Defense Business Brief: Handshake deals > plane orders?; Inside the aerospace supply chain, plus thoughts on that critical minerals EO
Maybe it was just me, but there seemed to be more handshake deals between companies than airplane buys—military and commercial—at last week’s Farnborough International Airshow. As a Farnborough first-timer, I had very few expectations. I guessed there likely wouldn’t be as many aircraft flying because of surging fuel prices and the Iran war. And the…
How the UK is helping Ukraine hit Russian targets
A new tech-sharing agreement allowing Ukrainians to make a British-designed radar jammer called Stone Cloak may soon help Ukraine accelerate drone strikes on Russian targets. Ukraine has been using British-built versions of the digital jammer—about the size of a computer tablet—on long-range strike drones already this year. But the agreement allows the country to mass-produce…