All articles tagged with #aerospace and defense industry
Covenant, the defense startup backed by Peter Thiel, says it will produce Anthem, a heavy-payload long-range cruise missile, quickly and at low cost to help address a U.S. weapons shortage. The company has about $150 million in orders for deliveries starting in 2027 and is expanding with a 105,000-square-foot Dallas plant, plus planned facilities in Germany and Israel.
Canada’s retaliatory tariffs on about $20 billion of U.S. imports took effect as part of an escalating trade dispute, while President Trump threatened to ban Bombardier jet sales unless the planes are built in the United States.
The Defense Department has directed U.S. defense contractors to rapidly boost production and delivery of weapons and munitions in short supply due to the war with Iran, a move detailed in a memo obtained by The Washington Post; progress is likely constrained by congressional funding gridlock.
Britain’s new government uses Farnborough to push the Global Combat Air Programme (GCAP) as Canada joins as an observer, broadening Europe’s bid to diversify away from U.S. weapons with no immediate funding but potential future participation; the show also features a Boeing T-7 pilot-training deal linked to Hawk replacement, signaling continued defense-industry momentum amid cabinet shifts.
The Pentagon has launched an 18-month Drone Dominance contest to spur private firms and hobbyists to design mass-producible, inexpensive drones—potentially 300,000 units—with about $1.1 billion in contracts as it seeks to rebuild the U.S. drone arsenal after lessons from Ukraine and Iran.