The GM Defense Infantry Squad Vehicle was engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT — General Motors and Ford Motor have rivaled each other for more than a century in racing, vehicle sales and many other automobile-related activities. But their…
Chris Kubasik, chief executive officer of L3Harris, during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026. David Paul Morris | Bloomberg | Getty Images Defense contracting giant L3Harris Technologies ousted CEO Chris Kubasik on Sunday after learning he engaged in “certain conduct … that was…
Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City. Michael M. Santiago | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The Dow just notched its fifth straight record close,…
As the AI infrastructure buildout and global geopolitical developments spur massive spending, an old-guard sector of the economy is getting a level of attention from investors that rivals the action in tech. The industrials sector of the S&P 500 is trading at a price-to-earnings ratio above 30, a level investors more often associate with high fliers,…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were mixed on Wednesday . The S & P 500 was basically flat in late afternoon trading, while the Nasdaq was modestly weaker. Once again,…
Defense Secretary Pete Hegseth speaks at Lockheed Martin’s Fort Worth, Texas facility on Monday, Jan. 12, 2026, as part of his “Arsenal of Freedom” industry tour. Amanda McCoy | Fort Worth Star-telegram | Tribune News Service | Getty Images Lobbying efforts to kill a proposed ban on some defense contractors buying back their own stock…
Clearly, there’s money to be made in space. SpaceX’s historic initial public offering minted a $2 trillion company. And even as shares in Elon Musk’s company come down from their IPO high, there remains an underlying boom in the space economy that is creating a new job market for Americans. The space economy is growing…
The CEOs of Boeing, Lockheed Martin and Honeywell arrived at the White House on Wednesday for a meeting with President Donald Trump, as the administration presses major defense contractors to ramp up weapons production amid concerns about U.S. missile and munitions stockpiles. The meeting comes after U.S. military operations in Iran and amid ongoing peace…
Senator Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, left, and Senator Jack Reed, a Democrat from Rhode Island, speak during a confirmation hearing in Washington, DC, US, on Thursday, Oct. 30, 2025. Eric Lee | Bloomberg | Getty Images The Senate Armed Services Committee approved…
As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites launches from pad 39A at the Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites placed into orbit by SpaceX as part of a constellation designed to provide broadband internet service…
