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The Latest Breaking News from Rayon

The Ukraine economic war: Who's winning?

Neither Ukraine nor Russia is "winning" — but Saudi Arabia, the oil companies and the arms industry certainly are

Salon

China Blacklists Lockheed Martin, Raytheon Over Taiwan Arms Sales

China sanctioned Lockheed Martin and Raytheon Thursday after the U.S. blacklisted several companies last week for their involvement in China's spy balloon program.

Investors Business Daily

China hits back at US with sanctions on Lockheed, Raytheon

China imposed fines and sanctions against two U.S. defense companies in a further escalation of tensions between the world’s two biggest economies.

Tribune News Service

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Stocks Edge Higher, Cisco, Roku, Twilio, Raytheon - Five Things To Know

Stock futures edge higher amid resurgent U.S. Growth bets; Cisco Systems leaps after Q4 earnings beat, network outlook; Roku surges as cost cuts underpin 2023 earnings drive; Twilio powers higher after surprise Q4 profit, stock buyback and Raytheon, Lockheed Martin lower as China imposes sanctions over Taiwan arms sales.

The Street

China sanctions Lockheed Martin, Raytheon for Taiwan sales

China has imposed trade and investment sanctions on U.S. military contractors Lockheed Martin and Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory

The Independent UK

Newcomer’s placement on Pentagon spending panel attracts notice - Roll Call

Rep. Mike Garcia's rapid ascent to a seat on the House Defense Appropriations Subcommittee is turning heads in Washington.

Roll Call

Latest Ukraine Aid Package Provides $1.7 Billion Directly To Defense Contractors

The latest round of U.S. military aid to Ukraine provides a $1.725 billion boost to defense stocks like Boeing, Raytheon, General Dynamics.

Investors Business Daily

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Dow Jones Falls 200 Points With 8 Key Earnings Movers; Microsoft Earnings Due

The Dow Jones Industrial Average fell 180 points Tuesday as J&J and Verizon reported earnings. Microsoft earnings are due out after the stock market close.

Investors Business Daily

As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine

Ukraine continues to need American weapons to hold out against Russia, and now a global military spending boom is set to further benefit the US arms industry. There are accusations of "profiteering", but is there any alternative?

ABC News

Ukraine forces to receive Patriot air defense training in US: Pentagon

Washington (AFP) - The United States will train Ukrainian personnel at a base in the state of Oklahoma on how to use and maintain the advanced Patriot air defense system that Washington is providing to Kyiv, the Pentagon announced on Tuesday.

AFP

Explainer-What is the Patriot missile defense system?

Ahead of Ukrainian President Volodymyr Zelenskiy's visit to Washington on Wednesday, the Biden administration said it would provide another $1.85 billion in military aid to Ukraine, including the Patriot air defense system that the Ukrainian leader has said his country urgently needs to fend off Russian attacks.

Reuters

US to provide Patriot missile system to Ukraine

Washington (AFP) - The United States said Wednesday it would provide Ukraine with the advanced Patriot air defense system to help counter Moscow's relentless aerial attacks.

AFP

Fortune 500s reversed on Jan. 6 pledges

Corps proclaimed they were suspending donations — then resumed giving to the very politicians they had sworn off

Salon

Nasdaq And Small Caps Power Stock Market Gains; Medpace, GM And Coke Earnings Pace Stocks

Stock market gains despite slide in consumer confidence General Motors, Coca-Cola, Medpace and others posted earnings bumps.

Investors Business Daily

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The Guardian - US

US has increased arms sales abroad despite Biden election pledge

Report by Quincy Institute says ‘current US arms policy and practice too often fuel war rather than deterring it’

Crikey

Australia’s sovereign capability to… manufacture nonsense

If only we could have a sovereign worker manufacturing facility — then the demands for manufacturing protectionism might not sound so silly.

Investors Business Daily

Putin Warns, Defense Stocks Jump; Watchdog Says Nuke Markets Poised To Surge

The market for nuclear weapons is growing as Russia escalates its war with Ukraine and tensions rise between China, Taiwan and the U.S.

ABC News

Controversial drone deal approved by Peter Dutton being 'carefully' examined

A decision by former defence minister Peter Dutton to approve a purchase of drones also used by Russia and China will be "carefully" reviewed by the Albanese government, which has flagged it could eventually be scrapped.

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news in one place.

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The National (Scotland)

MPs accepted 'shameful' trips and gifts from states fighting in Yemen war

MPS have accepted £828,211 in the form of all-expenses-paid trips funded by states in a Saudi-led coalition fighting in Yemen’s war since 2015,…

The Independent UK

China sanctions Raytheon, Boeing Defense CEOs over Taiwan

China has announced sanctions against the CEOs of American defense contractors Raytheon and Boeing Defense over a major arms sale to rival Taiwan

Al Jazeera

China sanctions CEOs of Boeing Defense, Raytheon over Taiwan arms

Sanctions placed on Boeing Defense CEO Colbert and Raytheon Technologies boss Hayes for selling Taiwan weapons.

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.

Investors Business Daily

GE Stock Jumps As 'Standout' Aviation Business Fuels Surprise Earnings Gain

GE stock gapped up to reclaim a key level and extended its win streak. GE earnings were far better than expected.

Benzinga

Recovering Air Travel To Aid Raytheon (RTX) Q2 Earnings

Raytheon Technologies Corp. (NYSE: RTX) is set to release second-quarter 2022 results on Jul 26, before market open.

Birmingham Post

Northumberland space start-up NORSS acquired by US defence giant Raytheon

The five year-old Alnwick company was founded by retired RAF officer Ralph Dinsley and is now looking to expand

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