Category: Latest News

Raytheon, an RTX (NYSE:RTX) business, has secured a $22.9 billion, seven-year contract from the U.S. Navy aimed at sharply increasing production of Tomahawk cruise missiles, the Department of War announced on Monday. The agreement is designed to support a production ramp to more than 1,000 Tomahawk missiles annually, alongside associated support requirements, as the U.S.…

Alliance Laundry Systems (NYSE:ALH) shares declined 2.2% on Monday after the commercial laundry equipment provider announced a secondary public offering involving 20.5 million shares held by its principal stockholder, BDT Capital Partners, LLC and affiliated investment funds. The transaction is being conducted as an underwritten public offering, with the selling stockholder also planning to give…

Mesoblast Limited (NASDAQ:MESO) shares rose 9.5% on Monday after the biotechnology company completed patient treatment in a pivotal Phase 3 study evaluating rexlemestrocel-L for chronic low back pain linked to degenerative disc disease. The company said 350 patients have now been treated in the MSB-DR004 randomised controlled Phase 3 trial. Participants were assigned to receive…

H World Group Limited (NASDAQ:HTHT) shares climbed 5.32% in pre-market trading on Monday after the hotel operator delivered second-quarter results above analyst expectations and raised its revenue outlook for 2026. Adjusted earnings per ADS came in at $0.78, ahead of the consensus forecast of $0.72. Revenue increased 10.8% year-on-year to RMB7.12 billion ($1.05 billion), beating…

Kratos Defense & Security Solutions (NASDAQ:KTOS) and GE Aerospace (NYSE:GE) have secured a U.S. Air Force Engineering, Manufacturing and Development contract for their jointly developed GEK800 engine, which has now received the military designation F143-ZZ-100. The engine is being developed as a second-source propulsion system for the Joint Air-to-Surface Standoff Missile, or JASSM, expanding the…

Freightos Limited (NASDAQ:CRGO) shares jumped 14.07% in pre-market trading on Monday after the freight pricing and booking platform reported a smaller-than-expected second-quarter loss alongside record revenue. For the quarter ended June 30, 2026, Freightos posted a loss of $0.03 per share, outperforming the analyst consensus for a loss of $0.06 per share. Revenue increased 3%…

Barrick Mining Corporation (NYSE: B) shares fell in Monday trading after the gold producer reported second-quarter results that included revenue above expectations, earnings in line with forecasts and production that exceeded its guidance range. The stock was down around 6.4% following the report. Adjusted earnings came in at $0.82 per share, matching the analyst consensus,…

L3Harris Technologies (NYSE:LHX) shares dropped around 2.7% in premarket trading on Monday after the defence contractor announced that Chairman and Chief Executive Officer Christopher Kubasik had left the company with immediate effect following a review of his conduct. The board appointed Sam Mehta as president and chief executive officer, effective immediately, while lead independent director…

Intuitive Machines, Inc. (NASDAQ:LUNR) has received authorisation to proceed with a multi-satellite communications infrastructure programme expected to be worth more than $600 million. The Houston-based space technology company did not identify the customer, with further details of the programme remaining confidential at the client’s request. Under the agreement, Intuitive Machines will be responsible for designing,…