Today: 23 May 2026
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Defense Industry 5 March 2026 - 29 April 2026

KPMG’s $60 Million Pentagon Contract Loss Ends Its U.S. Federal Audit Run

KPMG’s $60 Million Pentagon Contract Loss Ends Its U.S. Federal Audit Run

KPMG will close its U.S. federal government audit business and reassign over 450 staff after losing a $60 million annual Pentagon contract, the Financial Times reported. The firm had audited the Army for nearly a decade, with its latest contract rising to $64 million a year. The Pentagon is shifting to consolidated audits and aims for a clean audit by 2028. KPMG expects to exit federal audit work by 2030.
29 April 2026
Rheinmetall Stock Rises After €1 Billion Bundeswehr Deal, But Investors Still Want Delivery

Rheinmetall Stock Rises After €1 Billion Bundeswehr Deal, But Investors Still Want Delivery

Rheinmetall shares rose 2.09% on Monday after announcing a €1.04 billion Bundeswehr order for IdZ-ES digital infantry systems. The contract, booked for Q2 2026, covers modernisation and 237 new platoon systems, with deliveries from November 2027 to December 2029. Shares remain down 13.75% for the year after recent declines tied to broader defence sector weakness.
27 April 2026
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Lockheed Martin Gets Golden Dome Opening as Profit Worries Bite

Lockheed Martin Gets Golden Dome Opening as Profit Worries Bite

Lockheed Martin was named among firms awarded up to $3.2 billion for President Trump’s Golden Dome space-based missile interceptor plan, Space Systems Command said. The company reported weaker first-quarter results, with $18 billion in sales and negative free cash flow. Space Force aims to show initial interceptor capability in 2028. Golden Dome’s total cost is projected at $185 billion.
26 April 2026
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RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX raised its 2026 adjusted EPS guidance to $6.70-$6.90 and sales outlook to $92.5-$93.5 billion after first-quarter revenue rose 9% and adjusted EPS climbed 21%. Raytheon missile programs and Pratt & Whitney’s aftermarket work drove gains; backlog reached $271 billion. Shares fell about 2.5% Wednesday morning after a 4.4% drop Tuesday. First-quarter sales totaled $22.08 billion, up from $20.31 billion a year ago.
22 April 2026
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Redwire Stock Faces Fresh Selling Pressure as Major Holders File New Sales After $20 Million Marine Corps Order

Redwire Stock Faces Fresh Selling Pressure as Major Holders File New Sales After $20 Million Marine Corps Order

Redwire Corp’s top shareholders filed to sell up to 5.18 million shares worth nearly $54 million over two days, following news of a $20 million Marine Corps drone order. The stock fell 7.84% Friday to $10.34. AE Red Holdings and Edge Autonomy Ultimate Holdings submitted separate Form 144 notices for the proposed sales. Redwire completed its Edge Autonomy acquisition in June 2025.
19 April 2026
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Palantir Stock Price Jumps After Golden Dome Report Revives Defense AI Bet

Palantir Stock Price Jumps After Golden Dome Report Revives Defense AI Bet

Palantir shares climbed 2.8% to $159.19 in early New York trading Wednesday after Reuters reported the firm is developing software for the Trump administration’s $185 billion Golden Dome missile shield. The stock outperformed the Nasdaq 100 and major defense contractors. No contract for Golden Dome work has been announced. Palantir’s revenue jumped 70% in the fourth quarter to $1.41 billion.
25 March 2026
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Palantir Stock Jumps on Pentagon AI Win, but Morgan Stanley Warns There’s Little Room for Error

Palantir Stock Jumps on Pentagon AI Win, but Morgan Stanley Warns There’s Little Room for Error

Palantir Technologies shares climbed $6.22 to $156.90 on Monday after the Pentagon moved to formalize its Maven AI system and Wedbush reiterated a bullish outlook. Deputy Defense Secretary Steve Feinberg ordered Maven to become a program of record by fiscal year-end, shifting oversight to the Pentagon’s AI office. Morgan Stanley maintained an equal-weight rating, citing high valuation but noting strong demand and growth in Palantir’s commercial business.
23 March 2026
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Rocket Lab’s $190 Million Hypersonic Contract Swells Backlog as Stock-Sale Plan Keeps Shares in Focus. (Rocket Lab Corporation)

Rocket Lab’s $190 Million Hypersonic Contract Swells Backlog as Stock-Sale Plan Keeps Shares in Focus. (Rocket Lab Corporation)

Rocket Lab shares fell 6.5% premarket Monday after securing a record $190 million U.S. military hypersonic-test contract and announcing a plan to sell up to $1 billion in stock. The company’s backlog rose above $2 billion, boosted by defense orders and a new 20-mission HASTE deal. Rocket Lab launched its 84th Electron flight Friday for Synspective. First-quarter revenue is projected at $185 million to $200 million.
23 March 2026
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Kratos Defense & Security Solutions Stock Drops 9% as Wall Street Rout Pulls Shares Back Toward $84 Deal Price

Kratos Defense & Security Solutions Stock Drops 9% as Wall Street Rout Pulls Shares Back Toward $84 Deal Price

Kratos Defense shares closed at $84.62 Friday, down 8.79%, after hitting a low of $83.10. The drop brings the stock near the $84 price from its February equity sale. Broader markets fell as the U.S.-Israeli conflict with Iran rattled investors. Kratos has not announced new contracts since a March 13 update on its Valkyrie program.
22 March 2026
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Palantir Stock Price Today: PLTR Slips Even After New Navy ShipOS Push

Palantir Stock Price Today: PLTR Slips Even After New Navy ShipOS Push

Palantir shares fell 1.5% to $152.77 Wednesday after supplier Keel joined its U.S. Navy ShipOS project. The drop came as software stocks slid broadly and after news that OpenAI, not Anthropic, will supply AI models for U.S. defense work, potentially affecting Palantir’s Pentagon contracts. Palantir trades at 395 times trailing earnings. Fourth-quarter revenue rose 70% to $1.41 billion.
19 March 2026
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Ondas Stock Price Holds Gains as ONDS Links New Deal to $140 Million Military Tender

Ondas Stock Price Holds Gains as ONDS Links New Deal to $140 Million Military Tender

Ondas Inc. shares held gains in premarket trading after acquiring INDO Earth Moving Ltd. in a deal linked to a $140 million military contract. Ondas paid $5.66 million in cash and 5.49 million shares, with up to $140 million more in stock earn-outs. The company expects revenue from the contract to start in the second quarter. Tuesday’s trading volume topped 108.5 million shares.
18 March 2026
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Ondas (ONDS) Stock Price Rises as Rotron Acquisition Closes, 4M Defense Stake Buyout Lands Before Earnings

Ondas (ONDS) Stock Price Rises as Rotron Acquisition Closes, 4M Defense Stake Buyout Lands Before Earnings

Ondas Inc. shares rose 2.2% Monday after the company said it completed its acquisition of Britain’s Rotron Aerospace and bought the remaining 30% of the holding company behind 4M Defense. Ondas disclosed a $15.8 million initial order for 4M under an Israeli demining program. The company’s 2026 revenue outlook excludes these acquisitions. Ondas reported a preliminary 2025 net loss of about $53 million.
16 March 2026
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Ondas Stock Price Jumps After Palantir Tie-Up Adds Fuel to Defense Push

Ondas Stock Price Jumps After Palantir Tie-Up Adds Fuel to Defense Push

Ondas shares rose 5.1% to $10.33 Thursday after announcing a partnership with Palantir and World View to develop AI-enabled ISR systems using balloons, drones, and ground robots. The company reported pro-forma cash and equivalents above $1.5 billion at year-end, aided by a $1 billion January raise. Ondas also acquired BIRD Aerosystems and disclosed a $15.8 million Israeli demining order this week. Final results are due March 25.
13 March 2026
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Palantir Stock Price Today: PLTR Holds Steady as Anthropic Lawsuit Tests Pentagon AI Work

Palantir Stock Price Today: PLTR Holds Steady as Anthropic Lawsuit Tests Pentagon AI Work

Palantir shares edged down 0.06% to $151.05 Wednesday as legal experts said Anthropic has a strong case against its Pentagon blacklisting, according to Reuters. Palantir’s Maven software, used in U.S. defense contracts, relies on Anthropic’s Claude AI. If the ban holds, Palantir may need to replace Claude in systems tied to over $1 billion in contracts. Anthropic sued the U.S. government Monday over the ban.
11 March 2026
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BAE Systems Wins 7-Year Danish Army Training Deal as Europe Rearms

BAE Systems Wins 7-Year Danish Army Training Deal as Europe Rearms

BAE Systems said Monday its OneArc unit won a seven-year contract to upgrade Danish Army training software, including VBS4 and on-site support; financial terms were not disclosed. The announcement came as Europe became the world’s top arms importer and NATO launched Arctic drills involving Denmark and 13 other countries. Denmark plans to raise defense spending to 3.2% of GDP in 2025.
9 March 2026
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Red Cat Holdings Stock Swings After Pentagon Drone Results Cool Rally Ahead of March 18 Earnings

Red Cat Holdings Stock Swings After Pentagon Drone Results Cool Rally Ahead of March 18 Earnings

Red Cat Holdings shares fell about 4% Monday after its Teal Drones unit was listed among 11 finalists for Pentagon drone contracts, cooling a rally that sent the stock to a one-year high last week. The company expects to report fourth-quarter revenue of $24–$26.5 million on March 18, up sharply from a year earlier, but warned those figures are unaudited.
9 March 2026
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Palantir stock week ahead: Pentagon’s AI supplier crackdown puts PLTR in the crosshairs

Palantir stock week ahead: Pentagon’s AI supplier crackdown puts PLTR in the crosshairs

Palantir shares closed at $157.16 Friday after the Pentagon barred contractors from using Anthropic’s AI, raising questions about Palantir’s defense software that relies on Anthropic code. The U.S. General Services Administration also ended its Anthropic contract. Markets fell as oil surged and payrolls dropped. Investors await Wednesday’s U.S. inflation data and Pentagon guidance on the Anthropic ban.
7 March 2026
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BigBear.ai Holdings, Inc. stock rebounds after target cuts, but Army sales slump clouds 2026

BigBear.ai Holdings, Inc. stock rebounds after target cuts, but Army sales slump clouds 2026

BigBear.ai shares rose 5.5% premarket Friday after two brokerages cut price targets following a weak earnings report. Fourth-quarter revenue fell 38% to $27.3 million, with adjusted EBITDA swinging to a $10.3 million loss. The company ended 2025 with $462 million in cash and settled $125 million in debt. U.S. government contracts made up nearly 90% of 2025 revenue.
6 March 2026
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BAE Systems share buyback: company buys more stock as Middle East conflict rattles markets

BAE Systems share buyback: company buys more stock as Middle East conflict rattles markets

BAE Systems bought back 97,895 shares on March 4 at a volume-weighted average price of 2,237.12 pence and plans to cancel them. The company has repurchased 18.3 million shares under its current buyback tranche, part of a three-year, £1.5 billion programme. BAE shares closed up 2.21% at 22.69 pounds, near a 52-week high. The company reported record order backlog and double-digit profit growth in February.
5 March 2026
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Stock Market Today

  • Q1 Earnings Outperformers: Novanta and Electronic Components Stocks Review
    May 22, 2026, 11:04 PM EDT. Electronic components stocks, including Novanta (NASDAQ:NOVT), showed robust Q1 results amid strong secular trends like connectivity and industrial automation. The group's revenues beat consensus by 2.9%, although next quarter guidance fell 0.9% short. Novanta posted $257.7 million in revenue, up 10.4% year on year, beating estimates by 1.7%, with shares rising 8.9% post-report. nLIGHT (NASDAQ:LASR) led growth with revenues up 55.2%, surpassing expectations by 11.2% and shares up 7.6%. Despite strong earnings, sector share prices declined 3.3% on average since earnings. Weakness appeared in Allient (NASDAQ:ALNT), which matched revenue forecasts but reported slower growth. The mixed results highlight economic cycle sensitivity for these companies, linked closely to consumer spending and industrial demand.

Latest articles

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

23 May 2026
The Dow closed at a record 50,579.70 on Friday, while the S&P 500 notched its eighth straight weekly gain. After-hours trading saw SPY, QQQ, DIA, and IWM all move lower. U.S. markets will be closed Monday for Memorial Day. Investors await Thursday’s inflation data.
IREN Stock Pauses as Nvidia Rally Cools Before Holiday

IREN Stock Pauses as Nvidia Rally Cools Before Holiday

23 May 2026
IREN shares fell 2.1% to $56.83 Friday, ending a two-day rally but closing the week up 7.4%. The stock’s moves follow a $3.4 billion AI cloud deal with Nvidia and a $3 billion convertible note offering. March-quarter revenue dropped to $144.8 million, with a net loss of $247.8 million. U.S. markets close Monday for Memorial Day; trading resumes Tuesday.
AXT stock reaches record; investors weigh risk to rally

AXT stock reaches record; investors weigh risk to rally

23 May 2026
AXT shares jumped 16.37% to $140.83 on Friday, hitting a 52-week high and trading above all recent analyst targets. The surge followed strong demand for AI-linked optical networking hardware and a sharp rise in indium phosphide orders. First-quarter revenue climbed to $26.9 million, with gross margin turning positive. Management forecast Q2 profitability and a backlog over $100 million.
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