American defense and aerospace giant, formed by the Lockheed-Martin merger in 1995
CNBC’s 2026 America’s Top States for Business quality-of-life rankings have drawn criticism from conservatives who say the methodology unfairly targets red states. Critics argue the list conflicts with population growth data and different state policy outcomes.
The US has intensified strikes on Iran while stockpiles are being depleted. Defense contractors are urged to accelerate production amid a two-day Defense and Innovation Summit in Carlisle, Pennsylvania, with leaders warning that inventories may not meet potential future conflicts.
The suspension of eight South Carolina pilots has been lifted after a routine safety review of last month’s Salute from the Shore air parade, which included Apache helicopters with the SC National Guard. Officials say the move restores flight duties while the Pentagon reviews safety procedures and local reactions.
NATO allies have announced more than $50 billion in new procurements and cross-border production deals, signaling a rapid buildup in military hardware and cooperation. The moves include drones, airborne warning aircraft, and a transatlantic push to expand European manufacturing capacity. Analysts say the money is real and the pace will accelerate, with continued questions about political turnout and legitimacy.
At Farnborough, Boeing’s Ghost Bat leads a pack of rival autonomous combat aircraft, with General Atomics, Anduril, and Lockheed Martin unveiling or showcasing models. The U.S. Air Force aims for a price well under $80 million per jet and expects hundreds of aircraft annually by the mid-2030s, as world powers invest in crewed-uncrewed teaming and next‑generation combat air power.
The National Defense Authorization Act has cleared the House with a 216-212 vote, boosting military spending and strengthening US-Israel defense cooperation. The measure now faces Senate scrutiny, with Democrats criticizing the price tag and war-related provisions while Republicans defend funding for readiness and security. The package also includes provisions tied to the SAVE America Act and election-related funding.
Since July 18 Ukraine has struck multiple Wildberries warehouses across Russia, causing fires, deaths and major stock losses. The campaign has put at least 1.5 million sq m of warehouse space out of operation, forced evacuations and pushed merchants toward bankruptcy. Wildberries and Russia are discussing compensation and possible state support.
Ukraine’s Volodymyr Zelensky and Israel’s Benjamin Netanyahu are in Washington for the funeral of Senator Lindsey Graham. They are seeking stronger defense cooperation with the United States as Kyiv presses for Patriot missile licences and co-production talks, while Iran’s role in the Middle East remains a focal point after a tense U.S.-Israel dynamic.
The Senate has advanced the Lindsey Graham sanctions bill, with bipartisan support and a high-profile backdrop including Zelenskyy’s Washington visit. The package targets Russia’s energy sector and its so-called “shadow fleet,” while expanding sanctions to Iran. House passage remains uncertain as August recess looms.
Ukraine seeks Patriot missile licenses to build interceptors domestically; Trump has suggested but not guaranteed licenses. Washington says discussions are ongoing as Kyiv faces ballistic-missile threats amid a broader war. Leadership on both sides is uncertain as the winter approaches.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Japan has bolstered its military capabilities, prioritizing domestic drone development and long-range missiles as deterrence against China. Cabinet defence paper stresses speed, expanded arms production, and a shift toward homemade unmanned weapons to offset a shrinking workforce.
The United States is nearing depletion of long-range missiles, with ATACMS and PrSM stocks reportedly nearly exhausted. Officials warn this could constrain deterrence and affect future military options, even as production ramps up. White House and defense voices insist the arsenal remains formidable.
The FAA has opened a safety review after Marine One, carrying the president, has had a momentary loss of separation with a commercial regional jet departing Ronald Reagan Washington National Airport on Tuesday afternoon. Both aircraft have landed safely; the NTSB is gathering information and considering an investigation.
The White House is renovating its helipad amid questions over design choices and funding. New, more powerful Marine One helicopters have accelerated repairs, and President Trump has publicly linked the project to protecting the South Lawn. Reports indicate a seal was removed and contractors are reworking the site.
Zelenskyy has warned that air-defence shortages could worsen as Russia launches a wave of ballistic missiles and drones. Ukraine is relying on allies for Patriot interceptors, with talks about domestic production and European partnerships intensifying. At least 17 people have been killed across Kyiv and surrounding areas, while drones have been largely shot down.
The Pentagon has urged defense firms to dramatically speed up production to replenish reduced stockpiles amid ongoing tensions with Iran. Feinberg has called for plans within 21 days to boost capacity, signaling a push to rebuild the defense industrial base as Congress debates funding.
Al Jazeera reports that after a meeting in Washington, the Pentagon backs a project to ensure Western alignment from mine to finished product. Sunrise Energy Metals seeks to develop the Syerston Scandium Project in New South Wales to supply defence, aerospace and 5G/6G tech, with US and Australian investments and a deal with Lockheed Martin.
Scientists have tested a wearable radiation-shielding vest in lunar mission data, showing it could reduce an astronaut’s exposure by about 60% during severe solar events, with significant implications for long-duration missions to the Moon or Mars.
The government has announced that White House renovations are funded with a mix of private donations, federal funds and other sources. The ballroom project is bolstering security upgrades, with estimates rising toward $600 million. Lawmakers are pushing for oversight and transparency while the administration asserts security needs drive the work.
A round-up of market commentary from CNBC and Business Insider UK shows mixed outlooks on AI, semiconductors and defense, with investors weighing short-term volatility against longer-term growth catalysts. Several executives stress caution as valuations remain volatile.
The Lamerd strikes on Feb. 28, reportedly involving U.S. Lockheed Martin PrSMs, killed civilians as far as 50 meters from detonation and caused damage beyond that radius. Airwars has mapped the blast footprint and warns that the weapon’s midair explosion spreads thousands of metal pellets, risking civilian harm even when aimed at military targets. Officials differ on responsibility, while experts urge avoiding populated areas.
Kyiv and its region endure a sixth night of Russian air attacks, with drones and missiles targeting infrastructure and housing. Ukrainian officials report dozens killed or wounded, while authorities warn of ongoing strikes as air defences contend with jet-powered drones and long-range missiles. Western allies face pressure over interceptor stockpiles as Moscow pursues strategic disruption.
President has accelerated renovations at the White House, including a lavish ballroom and a secure underground bunker. Courts are weighing legality and process after demolitions, with debates over permanent fencing around Lafayette Park and a new visitor screening facility.
Transportation Secretary Sean Duffy has raised national-security concerns about Ford’s ties to Chinese battery tech and plans with Geely in Spain, prompting political and regulatory scrutiny. Ford defends its approach, while lawmakers press for clarity on independence from Chinese tech.
Iran and the United States have intensified hostilities. US strikes on Iran’s southern coast target military assets while Iranian forces respond with missiles at bases in Jordan, Bahrain and elsewhere. A wedding party in Kuhestak has been hit, killing several civilians and injuring dozens, including children. Both sides warn of further actions as tensions flare around the Strait of Hormuz.
Covenant has announced Anthem, a ground-launched cruise missile capable of carrying a 200+ kg payload. With multiple production sites and a goal of 5,000 missiles per year, the program aims to lower costs while expanding long-range reach, including Indo-Pacific defense considerations.
Major moves in autonomous mobility involve Bolt and Lucid, May Mobility, and Lyft-Waymo partnerships, with deals aimed at scaling fleets, public listings, and international expansion.
Leaders from tech giants including Nvidia, Apple, OpenAI and others have joined President Trump and Xi Jinping at a White House state dinner. The event comes as AI safety concerns rise, with executives split on how quickly to push frontier models and analysts urging caution while urging collaboration.
The State Department has notified Congress about a proposed sale of 48 F-35 jets to Saudi Arabia, part of a broader package that could include engines and support. The deal aims to strengthen Saudi defense capabilities and interoperability with US forces, while lawmakers warn it could expose sensitive technology to China and disrupt regional balance.
Germany and European allies have formalized a defense-industrial cooperation pact with the United States while rolling out plans for a broader European arms industry. Berlin has expanded purchases of U.S.-built platforms, including the F-35A, linking Germany more closely to NATO nuclear-sharing and recent US arms production momentum.
A US-led operation to board a Chinese vessel is aborted after officials confirm an AI-generated report misidentified cargo as nuclear components. The incident underscores growing concern about AI-driven errors in military decision-making.
The US has disclosed an ongoing probe into how Lockheed Martin F-35 parts shipped from Australia for service ended up in Hong Kong, where Chinese authorities have reportedly taken possession. The parts, including a cockpit canopy and weapons-bay door with radar-absorbing coating, were diverted in late May, raising questions about security and technology leakage.
US ambassador to China David Perdue has said President Donald Trump asked Xi Jinping whether China would like to buy US weapons. The State Department has reiterated that US law prohibits arms sales to China and there is no plan to sell. The comments come as Washington has paused a roughly $14bn arms package to Taiwan.
A shipment of unserviceable F-35 components, including a radar‑coated cockpit canopy and a weapons‑bay door, has been unexpectedly rerouted from Australia to Hong Kong and remains unreturned. The Pentagon, Lockheed Martin and Australian authorities have opened investigations and are working to retrieve the parts as Congress presses for answers.
The F-35 Joint Program Office has confirmed a shipment issue with unserviceable components. A cockpit canopy and a weapons-bay door have ended up in Hong Kong during transport from Australia to the United States. Officials are retrieving the components and reviewing safeguards as legislators scrutinize the incident.
The upcoming US-China talks are focusing on artificial intelligence safety and governance as leaders consider dialogue mechanisms and potential safety standards, with a chorus of tech executives weighing in on how to pace AI development.