Lockheed Martin secures over $12.8 billion in defense contracts

Tomahawk missiles are long-range, all-weather, subsonic cruise missiles used primarily by the United States Navy. Ukraine is seeking these advanced weapons to enhance its military capabilities amid ongoing conflict. The acquisition of Tomahawk missiles could significantly alter the dynamics of the battlefield, allowing Ukraine to strike targets deep within enemy territory. This request highlights Ukraine's ongoing struggle for defense and sovereignty, as it seeks to bolster its position against aggressors.

Sidus Space has successfully secured a $21 million defense contract for component fabrication, marking a significant milestone for the company. This contract not only boosts Sidus Space's financial standing but also highlights the growing demand for advanced manufacturing in the defense sector. Such contracts are crucial as they contribute to national security and foster innovation in technology.

Adam Draper, a prominent figure in the venture capital world, has successfully raised over $87 million for his new fund, Boost. This fund is set to focus on early-stage investments in deep tech sectors, including aerospace and cryptocurrency. This is significant as it highlights the growing interest and potential in these innovative fields, which could lead to groundbreaking advancements and economic growth.

U.S. defense stocks have surged following the Pentagon's announcement to double missile production, a move that reflects the government's commitment to enhancing national security. This increase in production is significant as it not only boosts the defense industry but also signals a proactive approach to addressing global threats. Investors are optimistic about the potential for growth in this sector, making it a pivotal moment for defense companies.

Romance scams are on the rise, particularly affecting older individuals who are losing significant amounts of money. Many victims find themselves in online relationships with people claiming to be working in remote locations, like oil rigs or military assignments, which prevents them from meeting in person. This trend highlights the importance of being cautious when engaging with potential partners online, as these scams can lead to emotional and financial distress.

Verizon is reportedly in discussions to acquire wireless spectrum from EchoStar, according to Bloomberg News. This potential deal could enhance Verizon's network capabilities and expand its service offerings, which is significant in the competitive telecommunications market. If successful, this acquisition may lead to improved connectivity for customers and strengthen Verizon's position as a leader in the industry.

IDT Corporation has reported disappointing results for its Q4 2025 earnings, falling short of analysts' expectations. This miss raises concerns about the company's financial health and future performance, which could impact investor confidence and stock prices. Understanding these results is crucial for stakeholders as they navigate the implications for the company's strategy moving forward.

South Korea's used car exports are thriving, providing a buffer against the impact of US tariffs on the automotive sector. This surge in exports not only highlights the resilience of South Korean manufacturers but also reflects a growing global demand for affordable vehicles. As trade relations evolve, this trend could bolster the economy and create new opportunities for local businesses, making it a significant development in the automotive landscape.

YouTube has agreed to pay $24.5 million to settle a lawsuit regarding the suspension of former President Donald Trump's account. This settlement is significant as it highlights the ongoing debates around social media platforms' power to regulate content and the implications for free speech. The resolution of this case may set a precedent for how similar disputes are handled in the future, impacting both users and platforms.

The potential US government shutdown poses significant risks, including the delay of the September jobs report and other crucial economic data. This matters because timely employment statistics are vital for understanding the health of the economy and guiding policy decisions. A shutdown could disrupt not only the release of this data but also the overall economic stability, affecting businesses and individuals alike.

Michael Saylor, the executive chairman of MicroStrategy, is making waves with the launch of their new Bitcoin-backed credit product called 'Stretch.' This innovative offering aims to eliminate the volatility and risk typically associated with Bitcoin, making it more accessible for investors. Saylor shared insights on The Close, revealing that MicroStrategy has already introduced four credit instruments this year, totaling an impressive $4 billion, with plans for more in the pipeline. This development is significant as it could reshape how investors engage with cryptocurrency, potentially leading to broader adoption.