The closing bell. Bloomberg's comprehensive cross-platform coverage of the U.S. market close starts right now. And right now, we are 2 minutes away from the end of the trading day.Romaine Bostick alongside Katie Greifeld taking you through to the closing bell. With the global simulcast, we're joined right now by tim sandvik in the radio booth nor Belinda in today for Carol Massar. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube.Tim Stanwick on a day whe ...

The U.S. government appears set to divert some of the billions in funding traditionally earmarked for fighter planes to drone manufacturers, and investors are excited about the opportunity. Shares of Kratos Defense & Security (KTOS 12.36%) traded up 13% as of 11 a.m. ET following a Pentagon memo stressing the need for more advanced uncrewed systems. Drones in the spotlightKratos Defense has been one of the more volatile stocks in the defense sector. The company has a steady business making electronics syste ...

Key Takeaways Jabil gains from AI-driven inspection tools, diversification, and strong free cash flow performance. HEICO sees rising demand from defense and air travel, supported by higher U.S. military spending. L3Harris benefits from global defense demand, missile sensor tech, and acquisition-related growth.A drone, also called an unmanned aerial vehicle (UAV), is a broad term that refers to an aircraft that operates autonomously or by remote control with no pilot on board. The technology has evolved ov ...

Financial Highlights - Ondas expects to report approximately $6 million in revenue for Q2 2025, a 6-fold increase compared to Q2 2024[29] - The company estimates its backlog at $22.8 million, adjusted for the expected Q2 2025 revenue[29] - Ondas anticipates total revenue of $25 million for Ondas Holdings in 2025, with at least $20 million expected from OAS[29] - Convertible notes outstanding were reduced to $5.4 million at the end of Q2 2025[29] - The company's cash position is fortified with over $67 million as of Q2 2025[29] Market and Growth Strategy - NATO's commitment to increase defense spending to 5% of GDP by 2035 represents a significant shift, potentially leading to $1.2 trillion in annual defense outlays[40, 41] - The FY2025 bill allocates approximately $21.2 billion to programs relevant to Ondas' capabilities and services for governmental defense and security applications in the U.S[44] - The Optimus drone-in-a-box market is projected to reach $1.5 billion in 2025[118] - The counter-drone market, relevant to Iron Drone Raider, is projected to reach $3 billion in 2025[121] Future Outlook - OAS targets revenue of $40 million in 2026[176] - OAS aims to achieve positive EBITDA in the second half of 2026[174, 180] - OAS projects revenue between $140 million and $150 million and EBITDA between $40 million and $45 million by 2030[180]

Geopolitical Impact - Russia's intensifying drone war is spreading fear in Ukraine [1] - The drone war is eroding Ukrainian morale [1]

Flying high above Phoenix, Arizona, an eye in the sky controlled from a new kind of command center. This is drone 1. It's one of the newest additions to our fleet and it's an upgrade and investment in the Phoenix Fire Department unmanned aerial systems program.Yeah, move over ladder trucks. This fire rig is all about giving firefighters an overview of any emergency. Last year alone, the department's nine drones and 10 pilots flew 971 missions and logged 146 hours in the air.We respond to structure fires. We ...

Delivery drones and flying cars are mainly science fiction in the rest of the world. But in China these technologies are becoming an everyday reality https://t.co/touwmwlcSH ...

Ukraine is trying to blunt Russia’s grinding advance with a new generation of quadcopters steered by long coils of ultrathin and highly versatile wire https://t.co/BHv4bUKzZE ...

Russia capitalized on its friendly ties with Beijing to skirt Western sanctions and acquire the know-how and capability to build drones to attack Ukraine https://t.co/87IeoJ9HGV ...

With emergency crews relying on drones to save lives in flooded areas of Texas and the Carolinas, authorities are imposing no-fly zones to keep out amateur pilots. https://t.co/SxPPI128p1 ...