The Latest Breaking News from Department of Defense

Flying Under the Radar: Lockheed Martin's $2.8B Stealth Setup

Lockheed Martin received $2.8 billion in new Department of Defense contracts and holds a $194 billion backlog, suggesting its recent share price decline reflects geopolitical overreaction rather than demand erosion.

MarketBeat · Jun 17

The Self-Made Myth: How Billions in Taxpayer Contracts and Grants Built Elon Musk's Trillion-Dollar Fortune

Elon Musk becomes the world's first trillionaire following SpaceX's record IPO, highlighting the significant role of government contracts and support in his companies' success.

International Business Times UK · Jun 14

Republicans Push to Enshrine 'Department of War' Name in Defense Bill; Rebrand Could Cost Up to $125 Million

Rep. Adam Smith of Washington, the top Democrat on the House Armed Services Committee, called the proposal "one of the dumbest things that has been done by this administration"

Latin Times · Jun 12

Dell Stock Is No Longer Just Riding the AI Wave. It Is Leading the Charge.

A major five-year $9.7 billion Pentagon contract under the Microsoft Department of Defense Enterprise Software Agreement II provides Microsoft 365 and cloud services across the U.S. military.

Barchart · Jun 1

Unusual Machines Stock Looks Like a Winner as Trump Backs Drone Makers

UMAC stock climbed more than 55% as President Trump is reportedly planning to back drone-makers.

Barchart · May 29

Pentagon awards $9.7 billion in contracts to Dell, Microsoft to provide software, stop license sprawl, and cut costs across military and intelligence networks

Dell has been awarded a contract to supply Microsoft 365 software and other services for the Department of Defense, the intelligence community, and the US Coast Guard.

TechRadar · May 28

'World's most advanced fighter jet, most-expensive drone': US lost 42 aircraft worth $29 billion in Iran war in less than 2 months

United States and Israel initiated Operation Epic Fury against Iran on February 28, 2026. The conflict involved extensive air, missile, and maritime combat. Aircraft losses mounted, with the Department of Defense estimating costs at $29 billion. The situation remains unstable despite a ceasefire. Congressional concerns are rising over readiness and…

The Economic Times · May 21

New York Times sues Pentagon again over ‘utterly unreasonable’ press restrictions

Trump administration unveiled sweeping restrictions on press access at the US defense department last September

The Guardian - US · May 18

Kash Patel faces scrutiny over snorkeling outing at USS Arizona memorial in Hawaii

FBI director reportedly took a snorkel excursion at site containing remains of more than 1,000 navy sailors and marines

The Guardian - US · May 16

Defense Department not investigating reports of US bombing schools and hospitals in Iran, military chief says

Central Command Admiral Brad Cooper dismisses in-depth reporting on the alleged scale of destruction from US airstrikes

The Independent UK · May 14