Investing.com -- General Dynamics (NYSE: GD) Mission Systems has been awarded a $34,957,203 contract modification by the U.S. Department of Defense for work on the Littoral Combat Ship program.
The cost-plus-incentive-fee and cost-only modification to a previously awarded contract will fund the sustainment of the Littoral Combat Ship integrated combat management system and associated combat system elements.
Work under the contract will be performed primarily in... (continue reading...)
Investing.com -- Huntington Ingalls Inc. (NYSE: HII) Newport News Shipbuilding has been awarded a $98,459,990 contract modification for the USS John C. Stennis (CVN 74) Refueling Complex Overhaul.
The cost-plus-incentive fee modification to a previously awarded contract includes funding for supplemental work and special incentives for improved facilities at the Newport News Shipyard in Virginia.
The U.S. Department of Defense announced that the contract includes options... (continue reading...)
Investing.com -- Raytheon Technologies (NYSE: RTX) has secured two military contracts worth a combined $71 million for missile system work, according to the U.S. Department of Defense.
The larger award, valued at $57.5 million, goes to Raytheon Missiles and Defense in Tucson, Arizona. This cost-plus-fixed-fee order covers non-recurring engineering work including detailed design, integration, qualification, and verification of a redesigned Digital Scene Matching Area... (continue reading...)
Investing.com -- Alibaba (HK:9988) (NYSE: BABA) has unveiled a new cloud-computing chip designed to handle a wider range of AI inference tasks, marking a step beyond its earlier, more specialized processors, the Wall Street Journal reported on Friday.
The move comes amid Beijing’s broader push to build a self-sufficient AI supply chain as U.S. restrictions continue to limit China’s access to Nvidia’s most advanced chips.
Alibaba’s U.S.-listed shares rose 1.5% in... (continue reading...)
Investing.com -- Caterpillar Inc. (NYSE: CAT) stock fell 3% in after-hours trading Thursday after the heavy equipment manufacturer raised its estimate for the impact of tariffs on its 2025 financial results.
In an SEC filing, the company disclosed that it now expects the net impact from incremental tariffs introduced in 2025 to be approximately $500 million to $600 million for the third quarter and approximately $1.5 to $1.8 billion for the full year 2025. This update... (continue reading...)
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