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The Latest Breaking News from Rayon

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

Birmingham Post

New anti-drone laser weapon hub to be set up in Scotland

The anti-drone lasers – which emit invisible beams – are small enough to be fitted to vehicles

The Independent UK

Livingston chosen to produce laser weaponry

Manufacturing facility will be developed into European hub for new technology

Insider UK

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Saudi Arabia, US Sign 18 Agreements in Energy, Other Areas

Saudi Arabia and the United States signed 18 partnership agreements in fields including energy, communications, space and healthcare during a visit by US President Joe Biden. The agreements include deals with US aerospace and defense firms Boeing and Raytheon, as well as healthcare companies Medtronic, Digital Diagnostics, and IQVIA, according…

Asharq Al-Awsat

Northrop Grumman, IBD Stock Of The Day, Triggers Buy Signals On This Biden Move

President Biden pledged more aid to Ukraine, lifting defense stocks, notably Northrop Grumman. The IBD Stock Of The Day stock topped buy points.

Investors Business Daily

The arms manufacturing gold-rush

Major arms manufacturers are experiencing a genuine gold-rush moment

Salon

Pratt & Whitney and Lockheed Martin defend costly and troubled F-35 fighter jet and its engine

The chief financial officers of Raytheon Technologies Corp. and Lockheed Martin Corp. on Wednesday defended the F-35 fighter jet and its engine following another critical government report that said it too often fails to meet targets for mission capable rates.

Tribune News Service

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Raytheon to establish global headquarters near Washington

Aerospace and defense company Raytheon Technologies says it plans to establish a global headquarters in Arlington, Virginia

The Independent UK

Global arms industry getting shakeup by war in Ukraine – and China and US look like winners from Russia’s stumbles

Russia’s war in Ukraine is upending the global arms industry.

The Conversation

Northrop Grumman Testing B-21 Raider As NOC Stock Enters New Buy Zone

As Lockheed and Raytheon test resistance, Northrop Grumman tests its new B-21 bomber and NOC stock flies into buy zone.

Investors Business Daily

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

Biden to plug manufacturing initiative at Ohio metal company

President Joe Biden is set to announce that five major U.S. manufacturers have made commitments to boost their reliance on small and medium American firms for 3D printing

The Independent UK

IBD Stock Of The Day: General Dynamics Sets Up In Base, As Nations Look To Boost Defense

General Dynamics, a defense contractor for the U.S. Navy, is the IBD Stock of the Day. GD stock was in a base.

Investors Business Daily

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The Independent UK

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

Investors Business Daily

Stock Market Volatile; Apple, Facebook, Amazon Are Key Earnings, Tesla CEO Elon Musk Buys Twitter: Weekly Review

A market rally attempt is underway, but the major indexes lost ground. Apple and Facebook led key earnings. Elon Musk will buy Twitter.

Investors Business Daily

Stock Market Tumbles On Poor Earnings And Economic News; Is Tesla's New Base Flawed?

The stock market fell sharply as poor earnings reports and economic news pointed to a struggling consumer base.

Investors Business Daily

Stock Market Tumbles As Earnings Take Center Stage; Alphabet, Microsoft On Deck

One day after making encouraging reversals, the stock market indexes could not sustain momentum and indexes sold off Tuesday morning.

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news in one place.

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Reuters

Shrinking U.S. Stinger missile supply faces re-stocking challenges

Shoulder-fired Stinger missiles are in hot demand in Ukraine where they have successfully stopped Russian assaults from the air, but U.S. supplies have shrunk and producing more of the anti-aircraft weapons faces significant hurdles.

Investors Business Daily

GE Stock Dives As General Electric Gives Tepid 2022 Outlook, Citing Ukraine, China

General Electric's Q1 earnings per share beat views, but cash burn was higher than expected. The industrial giant cited Ukraine and China headwinds.

Investors Business Daily

L3Harris Technologies Wraps Big Week For Defense Stock Earnings

L3Harris posted a smaller-than-forecast decline Friday, Four defense leaders trade near buy points after earnings.

Investors Business Daily

Dow Jones Extends Losses; Twitter, Elon Musk Set To Strike Deal

The Dow Jones Industrial Average sold off 360 points Monday, adding to Friday's losses. Twitter and Elon Musk are in talks to strike a deal.

Investors Business Daily

LMT Stock, IBD Stock Of The Day, Offers Multiple Entries Amid Defense Push

Lockheed Martin is the IBD Stock of the Day. LMT stock is among several defense giants in bases trying to bounce off key support levels.

Salon

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

Investors Business Daily

LMT Stock Falls Near Buy Point But F-35 Maker Affirms Outlook After Mixed Lockheed Martin Earnings

Lockheed Martin earnings beat but sales missed. LMT stock and defense stocks have rallied since Russia's Ukraine invasion.

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