Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The optics supplier Corning was trading higher after reports that Amazon signed a multiyear, multibillion-dollar agreement to provide optical fiber, cable, and connectivity components for expanding U.S. data center infrastructure.
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Larry Culp told CNBC that China’s reported Boeing purchase plan outlines a renewed commercial aviation pipeline, and he suggested GE Aerospace is positioned to benefit as orders translate into engine demand and long-term services.
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Two Wall Street firms reiterated a constructive view of Boeing shares, pointing to ongoing investor appetite for aerospace and defense exposure as analysts weigh the path forward for the planemaker.
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An analyst at Jefferies upgraded RTX from Hold to Buy and raised her price target to $220, citing improving profitability outlook and sustained growth drivers across the company’s defense and aerospace businesses.
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In a counter-drone test described as a step toward faster, cheaper defenses, Lockheed Martin said it used a joint air-to-ground missile launched from a shipping-container style launcher to stop a drone during a live engagement.
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A fresh analysis citing 62 hedge-fund holders points to continued institutional interest in General Dynamics (GD), after the defense prime reported a strong first quarter and raised its full-year profit outlook.
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The defense contractor reported June 1 that its next-generation Jackal precision-strike missile demonstrated readiness of key flight systems during a milestone flight test, with additional testing planned toward operational readiness.
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Ahead of its fourth-quarter results scheduled after the close on Wednesday, Oracle is drawing renewed Wall Street optimism tied to expanded GPU capacity and expectations for stronger revenue growth.
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Oracle (ORCL) is scheduled to report results this Wednesday after market hours. The upcoming update is expected to draw attention to how the company monetizes its cloud and AI efforts and what it outlines for future demand.
