Pentagon

Raytheon Technologies Corp. (NYSE: RTX) has won an almost $1-billion contract to design, develop, and produce a new hypersonic weapon for the U.S. Air Force, beating rivals Lockheed Martin Corp. (NYSE: LMT) and Boeing Co (NYSE: BA). What Happened: ...

In the Pentagon’s latest report, they reveal numerous vulnerabilities on the blockchain. What Happened: The Pentagon has released a report titled “Are Blockchains Decentralized, Unintended Centralities in Distributed Ledgers.” The report reveals a plethora of worries about...

U.S. Defense Secretary Lloyd Austin has asked commercial airlines in the U.S. to provide planes to help in Afghanistan evacuation efforts. What Happened: Austin has activated a program used only three times in the last 30 years to require U.S. commercial airlines to provide planes to help...

House Speaker Nancy Pelosi, one of the most well-known members of the United States political picture, and her husband made several purchases of big technology stocks in the months of May and June. One purchase caught the eye of retail traders as it came ahead of some big news that could...

Microsoft Corporation’s (NASDAQ: MSFT) $21.9 billion deal with the U.S. Army to build customized augmented reality headsets shows the company is tightening its hold over defense deals and gaining share over its rivals, as per Wedbush analyst Daniel Ives. What Happened: Ives said in a note on...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...

The United States military on Thursday conducted five airstrikes targeting Kata'ib Hezbollah facilities in Iraq. What Happened The facilities targeted were used for storing weapons, and the strikes would "significantly degrade [Hezbollah's] ability to conduct future attacks"...

A federal judge on Thursday approved Amazon.com Inc.'s (NASDAQ: AMZN) appeal and issued a temporary injunction against Microsoft Corporation's work on a $10 billion Pentagon cloud computing contract, CNBC reported. What Happened Amazon had requested the court...

Oil prices held on to their record gains on Monday even as the U.S. air strikes in Iraq and Syria on Sunday increased political tensions in the Middle East. What Happened The U.S. forces carried five "defensive strikes " at bases controlled by Iran-backed Shia militia Kata'ib...

Amazon.com, Inc. (NASDAQ: AMZN) is planning to protest a $10 billion cloud computing contract, known as JEDI, which the Department of Defense awarded to Microsoft Corp (NASDAQ: MSFT) in October. The two cloud computing giants had been battling for over two years about who would run the ...

Microsoft Corporation (NASDAQ: MSFT) shares are trading higher following confirmation the company has won $10 billion cloud computing contract from the Pentagon. The Joint Enterprise Defense Infrastructure Cloud (JEDI) contract will modernization the Pentagon and is meant to make its technology...

Who will be the military’s Jedi master? That’s not a metaphor: The U.S. Court of Federal Claims heard a case Wednesday that will play a part in determining which of the country’s largest cloud computing companies will get to build the future of military data handling; the Pentagon...

The U.S. military, formerly an unabashed advocate of Fitbit Inc (NYSE: FIT) devices, is reviewing its policy on the use of fitness trackers at operational sites after a workout app inadvertently exposed the whereabouts of secret army bases. Since November, Strava, “the social network for...

Already a finalist to build the next generation of ground-based nukes, Northrop Grumman Corporation (NYSE: NOC) is the best bet to do well in a booming defense industry poised to revamp U.S. air power for years to come, a Goldman Sachs analyst predicts. The Pentagon is asking for more than $20...