Today: 2 July 2026
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Defense Industry 2 June 2026 - 30 June 2026

B-2 tests LRASM as anti-ship missile demand rises

B-2 tests LRASM as anti-ship missile demand rises

B-2 Spirit, built by Northrop Grumman, launched a Lockheed Martin AGM-158C Long Range Anti-Ship Missile in a Pacific live-fire sinking drill. It's the first time the stealth bomber has been put on the public LRASM platform list. The move may let investors gauge missile demand better than a one-off test. Pacific Air Forces said the B-2 dropped the LRASM north of the Mariana Islands. Air Force images show the missile being loaded at Whiteman Air Force Base on June 22 and fired over the Philippine Sea on June 27. U.S. Pacific Command said it targeted the decommissioned Austin-class amphibious transport dock USS Juneau, positioning it more than 200 nautical miles from the Mariana Islands Range Complex. The sinking exercise involved U.S. aircraft, a Japanese submarine, and other allied forces. “This SINKEX provided an outstanding opportunity for our joint team to integrate capabilities across domains, honing the lethal precision and coordination essential for high-end maritime operations in the Pacific theater,” Rear Adm. Eric Anduze, commander of Carrier Strike Group 5 and Task Force 70, said.
30 June 2026
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Kratos (NASDAQ:KTOS) jumps; backlog mix shifts away from drones

Kratos (NASDAQ:KTOS) jumps; backlog mix shifts away from drones

Kratos Defense & Security Solutions, Inc. gained 4.6% Tuesday, joining a wider drone-stock rally after AeroVironment, Inc.. But trading was choppy. Shares changed hands at $49.13 on the last quote, under the $50.00 open and over $2 off the session high at $51.45. Kratos showed up on Barron's premarket list of stocks up at least 7% as AeroVironment led gains among defense names. By late morning, Kratos was still up, outpacing the SPDR S&P Aerospace & Defense ETF. But it trailed AeroVironment, which saw a bigger jump on earnings news.
30 June 2026
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Palantir (NASDAQ:PLTR) jumps but Army contract offers no dollar terms, $40B weekly drop hangs over move

Palantir (NASDAQ:PLTR) jumps but Army contract offers no dollar terms, $40B weekly drop hangs over move

Palantir Technologies Inc. was closed Sunday, but Friday’s 5.28% rebound to $112.93 puts the spotlight back on valuation. The market’s question now is whether its defense software can justify a price near 38 times its 2026 revenue target. Shares are still off 12.1% since the June 18 close. The gap tells the story. With 2.571 billion diluted shares from Palantir's Q1 EPS, the move from $128.47 on June 18 to $112.93 Friday wiped out roughly $40 billion in equity value. After closing at $107.27 Thursday, Friday's bounce put back about $14.6 billion.
28 June 2026
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GE Aerospace jumps to 52-week high on reported U.S. plans for Turkey engine sale

GE Aerospace jumps to 52-week high on reported U.S. plans for Turkey engine sale

GE Aerospace climbed 2.94% to $366.96 in early afternoon trading Wednesday, pulling back a bit after reaching $369.25, the highest print on its quote page in the last 52 weeks. Shares started at $356.84, a touch higher than Tuesday's $356.47 close. Trump administration plans to go ahead with a deal to sell Turkey dozens of GE-made jet engines for its Kaan combat jet, Reuters said. A source put the value of the package at more than $700 million. The sale could close in the next few days, ahead of the formal notice to Congress. Representative Gregory Meeks has already raised objections in an informal review.
24 June 2026
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Ondas stock slips with investors watching drone-defense orders and Lockheed tie-up

Ondas stock slips with investors watching drone-defense orders and Lockheed tie-up

Ondas Inc was down 6.7% at $7.96 late Wednesday morning on Nasdaq. The drone-defense firm kept releasing order and partnership updates, but shares slipped after opening at $8.48 and touching a low of $7.94. The stock was having one of its busier sessions this month. Ondas Inc., based in West Palm Beach, Florida, said Tuesday its Sentrycs counter-drone unit will put its Cyber-over-RF tech into Lockheed Martin’s Sanctum counter-UAS platform. Counter-UAS are systems for detecting, tracking, or stopping drones. Matt Bahnemann, a senior program manager at Lockheed Martin, said the move “expands the layered sensing and response options” available to operators.
24 June 2026
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Rheinmetall drops, erasing €7 billion, as investors sour on naval push

Rheinmetall drops, erasing €7 billion, as investors sour on naval push

Rheinmetall AG shares tumbled Wednesday, as investors question more than the loss of a single German warship contract. At issue now is how much of the stock’s premium comes down to Berlin’s willingness to hand Rheinmetall fresh, complex naval projects. Shares dropped 13.5% to €1,009 at 10:04 CEST, after touching €972, which Google Finance listed as the 52-week low for the stock. There are 46.66 million shares outstanding. The €157.60 drop erased around €7.4 billion in market value during morning trading in Frankfurt. The lost contract would have brought revenue spread over years, not immediate profit.
24 June 2026
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Ondas (NASDAQ:ONDS) slips; new defense orders up against resale share pressure

Ondas (NASDAQ:ONDS) Falls After $40M Defense Orders While Traders Watch Share Resale Filing

Ondas Inc. traded lower before the bell Tuesday. The stock slipped 2.47% to $8.67 as of 7:02 a.m. EDT, after finishing Monday at $8.89, down 4.10%. The company disclosed more than $40 million in fresh June orders, but market reaction stayed cautious after a new resale-share filing and weaker action across drone-linked names. Timing is key here. Ondas is shifting from its roots in industrial wireless and drones, aiming to be a defense-autonomy platform. New orders this quarter fueled a big jump in business. The company said June deals brought second-quarter order activity past $150 million. Orders cover counter-UAS systems, loitering munition systems, ground systems and defense services.
23 June 2026
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Ondas (NASDAQ:ONDS) slips; new defense orders up against resale share pressure

Ondas (NASDAQ:ONDS) slips; new defense orders up against resale share pressure

Ondas Inc. dropped 1.9% to $9.09 Monday afternoon, hit by a resale filing after new defense orders. The stock traded as high as $9.53 earlier. Trading volume topped 44 million shares by 2:46 p.m. EDT, as the filing, tied to old acquisitions, landed the same day as the contract news and weighed on the move. Ondas logged over $40 million in June orders for autonomous defense systems. The company said second-quarter order activity so far topped $150 million, boosted by demand for its counter-UAS systems—used to detect or halt enemy drones—and loitering munitions, drones or weapons that linger before striking.
22 June 2026
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MDA Space stock rises as Blue Canyon deal targets U.S. defense market

MDA Space stock rises as Blue Canyon deal targets U.S. defense market

MDA Space shares rose in Toronto on Friday after the Canadian satellite and robotics company agreed to buy Blue Canyon Technologies from RTX’s Raytheon business for US$620 million in cash, a deal investors treated as a bet on U.S. defense-space demand. The TSX-listed stock was up 4.4% at C$58.08 in delayed afternoon trading. The move matters now because MDA is trying to shift from being a supplier around the edges of U.S. defense programs toward a deeper local manufacturing and contracting role. Canada’s broader stock market gave little help: the S&P/TSX Composite was largely unchanged earlier Friday, with energy gains offsetting weakness in gold miners.
19 June 2026
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Lockheed Martin stock falls as defense shares lag broader Wall Street rally

Lockheed Martin stock falls as defense shares lag broader Wall Street rally

Lockheed Martin shares fell sharply on Thursday, underperforming a rising U.S. market as investors cut exposure to major defense contractors after a Middle East de-escalation cooled part of the conflict trade. The stock was last quoted at $510.76, down 4.1%, after opening higher and then sliding as low as $505.27. The drop mattered because it came on a day when the broader tape was stronger. Reuters reported that Wall Street indexes advanced as chip stocks rose and oil prices fell after the United States and Iran signed an interim agreement extending a ceasefire, a move that eased some inflation concerns.
18 June 2026
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Ondas Shares Trade as Defense Push Crosses With Resale Moves

Ondas Shares Trade as Defense Push Crosses With Resale Moves

Ondas Inc. shares faced an early move Wednesday as the drone and defense-tech firm announced a new lineup of autonomous systems in Europe. Investors also looked at a new resale filing that could bring more shares to the market. Shares on the Nasdaq finished Tuesday at $9.21, off 3.15%. The stock moved between $9.14 and $9.74 during the session. Nasdaq trades again at 9:30 a.m. Eastern Time Wednesday. The market won’t close for Juneteenth until Friday, June 19.
17 June 2026
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Ondas drops after defense push, resale wave hits shares

Ondas drops after defense push, resale wave hits shares

Ondas Inc. shares dropped 3.1% to $9.21 in late U.S. trading Tuesday, even as the drone and defense-tech firm introduced new autonomous systems aimed at allied military customers. Shares moved between $9.15 and $9.74 on roughly 51.5 million shares traded. Ondas is trading fast as a stand-in for counter-UAS demand, as buyers look to the new wave of defense tech aimed at drones and autonomous systems. The company rolled out Iron Wave, Dual Shield, MODUS, Scout Cyber-over-RF, Iron Arrow and LADOS at Eurosatory 2026, saying these are all pieces in a “system-of-systems” setup tying together air defense, robotics, sensors and software. “Europe is a central pillar of our long-term growth strategy,” CEO Eric Brock said.
17 June 2026
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Elbit shares rally 11.5% after Germany SkyStriker drone order

Elbit shares rally 11.5% after Germany SkyStriker drone order

Elbit Systems and Diehl Defence are working together to pitch the SkyStriker loitering munition to the German Armed Forces, after agreeing a strategic partnership at ILA Berlin. The deal would see production and support in Germany if the system is selected, the companies said. Diehl added that the agreement also involves local manufacturing, assembly, integration and qualification work in Germany. SkyStriker is being marketed as a long-range, autonomous loitering munition built to locate, track and hit targets picked by an operator. Elbit and Diehl report the weapon can take a warhead up to 10 kg, stay in the air over two hours, and fly out past 200 km. It can launch from land vehicles, EuroPULS rocket systems, ships, containers or aircraft.
14 June 2026
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T3 Defense Sees Stock Shift as CFO Starts Ahead of Nasdaq Vote

T3 Defense Sees Stock Shift as CFO Starts Ahead of Nasdaq Vote

T3 Defense Inc. shares are trading under a spotlight again as the aerospace-and-defense holding company swapped out its finance chief days ahead of a shareholder vote that may alter its capital structure. According to a June 11 filing, T3 Defense’s board brought in Roy Cohen as CFO, starting June 1, moving to fill a key finance post while the company faces a depressed stock price, risks of dilution, and challenges to its Nasdaq listing. DFNS ended Thursday at $0.2566, down 6.72%, Nasdaq data on Investing.com showed. By 09:08 EDT Friday, the pre-market quote was $0.3401, jumping from the last close and showing what can happen in low-priced stocks outside regular hours. DFNS was also trading near its 52-week low of $0.2515, far from the $17.2800 high. That kind of weakness can make raising money tougher and create headaches for staying listed.
12 June 2026
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Ondas Shares Jump 46% in a Week After Order Spike, Shareholder Vote Looms, Risk Remains

Ondas Stock Just Fell 13%. The Navy Balloon Win Is Now Facing a Dilution Test

Ondas Inc. shares ended the week sharply lower, falling 12.9% on Friday as investors weighed a fresh defense contract and a growing order book against share-sale overhang and a wider selloff in technology stocks. The Nasdaq-listed drone, robotics and private-wireless company closed at $10.43, off $1.54 on the day. The move matters because Ondas has become a high-volatility name in the defense-drone trade: its market value is still above $5 billion, but the stock now sits well below its 52-week high of $15.28.
7 June 2026
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Merlin Moves Higher in Premarket After U.S. Military Clears Next Flight-Test

Merlin Moves Higher in Premarket After U.S. Military Clears Next Flight-Test

Merlin Inc shares were up sharply before the bell Friday after the autonomous-flight software maker announced its C-130J project with U.S. Special Operations Command passed a major engineering milestone, advancing the aircraft work closer to integration and formal tests. Premarket quotes put the stock at $9.14 at 6:47 a.m. EDT, a 25.7% gain. Merlin is still fresh as a public defense-tech name and early on revenue, so investors are watching for proof its military autonomy work is turning into real hardware. The stock stood out on a weaker day, with Reuters saying Nasdaq and S&P 500 futures dipped Friday before U.S. payrolls numbers.
5 June 2026
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Ondas Stock Just Got a Navy Catalyst — Why ONDS Traders Are Watching the Next Move

Ondas Stock Just Got a Navy Catalyst — Why ONDS Traders Are Watching the Next Move

Ondas Inc. shares faced a fresh premarket test on Tuesday after the defense technology company said its World View unit had been selected as the high-altitude balloon provider for a U.S. Navy Southern Command maritime surveillance program. The initial contract is valued at about $4.8 million over three months, Ondas said. The program is aimed at counter-narcotics and illegal, unreported and unregulated fishing missions across the Eastern Pacific and Caribbean. Maritime domain awareness, or MDA, means building a clearer view of activity at sea so authorities can spot threats, vessels or illicit flows earlier.
2 June 2026
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Stock Market Today

  • Cramer’s Top 10: Jobs Miss, Upgrades for Palantir and Airlines, OpenAI’s Government Plan
    July 2, 2026, 9:20 AM EDT. Jim Cramer's July 2 watchlist points to a lighter-than-forecast June jobs report-nonfarm payrolls up just 57,000, well below the 115,000 expected. That pushed Treasury yields lower and futures up. OpenAI is reportedly offering the U.S. government a 5% stake to let it in on AI gains. Palantir saw DA Davidson boost the stock to buy, setting a target for 40% upside. Nvidia is rolling out a model where AI startups get compute power in exchange for a piece of revenue. Meta laid out fresh plans for cloud AI. Honeywell Aerospace, Delta, and United picked up upgrades as supply and fuel costs improved. DuPont's price target saw a small bump.
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