Pentagon contracts
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.