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The defense contractor says the new design could be fielded faster and cost less than half as much as its bestselling version. Source link

U.S. Secretary of Commerce Howard Lutnick looks on as U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 11, 2026. Daniel Heuer | Reuters About half of Americans believe it isn’t appropriate for the U.S. government to take ownership in U.S.-based companies, CNBC’s new All-America Economic…

Subscriber content preview July 20, 2026 Overlooking Salmon Bay, 94 units could replace former Hiram’s restaurant The Canal, a party and events space, closed in January. When was the last time you ate at The Canal? Or attended a wedding there? Or parked in its…

Ukraine’s new drones are letting its soldiers “free hunt” in areas far behind the front lines that Russia long considered safe. The mid-range strike drones are making Russian logistics deep behind the front increasingly vulnerable, giving Ukrainian operators access to target-rich areas with limited defenses. One soldier described attacking Russian targets in those areas as…

Samsung Electronics America Inc. relocates its headquarters from New Jersey to Texas, citing a business transformation for long-term growth. Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to an expanded facility in Chicago. The company on Friday submitted a WARN filing with the state…

Archer Aviation CEO Adam Goldstein said the company is laser-focused on getting its air taxis certified and flying by the 2028 Olympics in Los Angeles. “It’s always been an ambitious goal,” he told CNBC’s Phil LeBeau on Monday at the Farnborough Air Show in the U.K. “It’s still an ambitious goal, but we’re certainly going…

Boeing CEO Kelly Ortberg told CNBC on Monday that the plane maker will need “a couple more years” to repair its finances before launching a new commercial jet, signaling that the company is focused more on stabilizing its existing business rather than rushing to develop a successor to its bestselling 737 MAX. Boeing must clear…

The FDA and CDC are investigating Taco Bell’s lettuce supplier as consumers in four states are urged to avoid shredded lettuce. The Food and Drug Administration said Sunday that a Taylor Farms lettuce sample initially reported as positive for Cyclospora should be considered a false positive following an additional laboratory review. “Due to the complexity…

Alphabet shares climbed 3% on Monday after The Information reported the company is developing a new server chip, internally dubbed “Frozen v2,” designed to run Gemini models more efficiently. The chip would permanently embed parts of Gemini’s architecture directly into the silicon, reducing the number of calculations and amount of data movement required to answer…