🏭 General Dynamics plant made no shells for $533M

L3Harris promoted Sam Mehta to chief executive Monday after Chris Kubasik stepped down as CEO, chairman and board member effective immediately.
The board entered a separation agreement following an investigation that found conduct inconsistent with the company code of conduct, unrelated to financial reporting or operational performance.
Mehta inherits a Missile Solutions initial public offering delayed to at least mid-2027 and a space portfolio reshaped by this month's Rocketdyne stake sale.

The Pentagon awarded RTX unit Raytheon $22.9 billion Monday to expand Tomahawk production, firming up a framework agreement the two signed in February.
The seven-year deal lifts annual output above 1,000 missiles, up from roughly 60 today, as allied transfers and the Iran conflict drain inventories.
It follows recent deals for Patriot and THAAD interceptor components, part of a multi-year contracting push meant to give primes confidence to build new capacity.

US intelligence sharing with Ukraine has rebounded to full strength, members of the Senate Intelligence and Armed Services committees said this month.
The flow reaches directly into Kyiv's strike campaign, including targeting packages for Russian troop positions and energy infrastructure inside Russia.
Intelligence is the one input Kyiv cannot replace or source elsewhere, making continued access central to the reach of its long-range drone and missile campaign.

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Ultra Maritime paired its Sea Spear passive sonar with the new SSQ-125B active sonobuoy during the US Navy's 2026 Lanternfish exercise.
The combination passively detected and then actively localized unmanned underwater vehicles (UUVs), validating an acoustic architecture built for autonomous counter-UUV and anti-submarine warfare.
The company is pitching it as a distributed sensor net for chokepoints, ports and undersea infrastructure, as Lockheed Martin moves to acquire Ultra Maritime for $3.45 billion.

General Dynamics' artillery plant in Mesquite, Texas produced no usable 155mm shells despite $533 million in Army funding, a Defense Department inspector general report found in July.
The Army halted two of three production lines in August 2025 after eight missed deadlines, sought no repayment, and paid $26.3 million in progress payments that December.
The responsible General Dynamics unit has since won $2.5 billion in new awards, and the company is now replacing the Turkish flow-forming equipment with traditional machinery.

A presidential memorandum issued last week outlines a program authorizing some US businesses to disrupt or collect intelligence on government-designated foreign cybercriminal groups.
The memo does not change US anti-hacking law, and it requires any participating company to hold a federal contract, leaving the legal mechanics unresolved.
Practitioners point to exposure under foreign domestic law and the risk of misidentifying state-linked actors, work that has until now sat with government agencies.