defense contractors
Trump's Golden Dome Missile Shield Faces Significant Delays Following Government Shutdown and Budget Challenges
Nov 21, 2025 10:00 pm CST
President Trump's ambitious $175 billion Golden Dome missile defense initiative is experiencing substantial delays due to the 43-day government shutdown and lack of a clear spending plan for the initial $25 billion allocation. Despite a commitment to protect the continental US by 2028, the program faces staffing shortages, architectural uncertainties, and contractor concerns about development costs, particularly for space-based interceptors. Pentagon officials remain secretive about progress while working to integrate early-warning systems against various missile threats.
Trump Ballroom Donors Received $279 Billion in Government Contracts, Watchdog Report Reveals
Nov 04, 2025 02:18 pm CST
A watchdog report reveals that 16 of 24 corporate donors to President Trump's White House ballroom project have received $279 billion in government contracts over the past five years. The controversial renovation, which demolished the East Wing, has raised significant ethical concerns as companies with pending federal matters contribute to the $300 million project through a nonprofit that doesn't require donor disclosure.
Global Conflicts Drive Record Profits for US Defense Giants Lockheed Martin and RTX in 2025
Oct 22, 2025 09:39 am CST
Major US defense contractors Lockheed Martin and RTX report substantial profit growth driven by ongoing conflicts in Ukraine and the Middle East, with increased demand for missiles, fighter jets, and air defense systems. The Trump administration's $175 billion Golden Dome missile defense initiative further enhances growth prospects for the aerospace and defense sector despite Northrop Grumman's slight sales forecast adjustment.
From DoorDash to Defense: How Silicon Valley Entrepreneur Steven Simoni is Revolutionizing Military Tech with AI-Powered Drone Defense Systems
Oct 01, 2025 10:38 pm CST
Steven Simoni, a former DoorDash acquisition success story, has pivoted dramatically into defense technology with his company Allen Control Systems. The firm's flagship product, the AI-powered "Bullfrog" autonomous machine gun, designed to combat the growing threat of hostile drones, has attracted $40 million in funding and secured prototype contracts with the US Army. As Silicon Valley increasingly embraces military technologies, Simoni's colorful persona and networking prowess have positioned his company at the forefront of a new wave of tech entrepreneurs developing advanced weapons systems for modern warfare challenges.