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The Latest Breaking News from Greg Hayes

New Boeing CEO Kelly Ortberg is "capable of fixing the management floor with his left hand and choosing the right new plane with his right hand," notes one analyst.

Fortune

First fiscal 2024 appropriations package heads to Biden's desk - Roll Call

The Senate cleared a six-bill, $468.7 billion spending measure Friday ahead of a midnight deadline to prevent a partial government shutdown.

Roll Call

RTX soars as 'historic' demand powers Q3 earnings, offsets Pratt & Whitney hit

RTX, formed through the merger of Raytheon and United Technologies, posted better-than-expected third quarter earnings powered by 'historic' aerospace and defense demand.

The Street

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Biggest CEO successes and setbacks: 2022’s triumphs and 2023’s challenges

How the likes of Satya Nadella, Elon Musk, Mark Zuckerberg, and Cathie Wood did in 2022–and the challenges that await them in 2023.

Fortune

How CEOs can protect their companies from short-term risks while preparing for the future

Raytheon's Greg Hayes, Best Buy's Corie Barry and others discuss the dilemma.

Fortune

Ukraine’s allies can’t get arms fast enough as stockpiles shrink

With Russia’s war in Ukraine in its eighth month, some European nations that have funneled weapons to Kyiv are running low, and it could take years for defense contractors to meet the shortfall.

Tribune News Service

Pratt & Whitney posts 16% sales increase in 2nd quarter, citing passenger return to air travel, manufacturing boost

More shop visits for parts and repairs and rising jet engine manufacturing powered a 16% increase in second-quarter sales at Pratt & Whitney, its parent company, Raytheon Technologies Corp., said Tuesday.

Tribune News Service

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US buys more Stingers to refill stock sent to Ukraine: Report

The missiles are in high demand in Ukraine, where they have been used to shoot down Russian helicopters and bombers.

Al Jazeera

Ukraine war boosts weapons makers' stock prices, but revenue to take years to flow through

When Russia launched its invasion of Ukraine at the end of February, the stock prices of many of the world's biggest arms manufacturers spiked. However, most of the hardware being sent to Ukraine is coming from donor nations' existing inventories.

ABC News

Javelin anti-tank missiles get Biden nod as Ukraine depletes US stash

WASHINGTON — President Joe Biden stressed the importance of U.S. and allied weapons for Ukraine’s defense Tuesday with a visit to a Lockheed Martin Corp. plant making Javelin anti-tank missiles, which American and NATO officials say have mauled Russia’s invading armored columns.

Tribune News Service

Push to arm Ukraine putting strain on US weapons stockpile

When President Joe Biden visits a Lockheed Martin plant on Tuesday that manufactures an antitank weapons system, he’s certain to herald the U.S.-made arms as a gamechanger in Ukraine’s stiff resistance to the Russian invasion

The Independent UK

Lawmakers fret over dwindling Javelin supply

Several lawmakers are calling on Biden to trigger the Defense Production Act amid conflict in Ukraine.

Axios

Ukraine fuels massive arms gold rush

Putin's war is a tragedy for the world, but it already has big winners: Weapons firms and the Pentagon budget

People

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