Will Somerindyke founded a military supply chain and logistics company called Regulus Global a decade ago. Now, he’s raising hundreds of millions for a new defense tech play. (Illustration: Samantha Lee For Forbes via Google Gemini AI) https://t.co/03mv6BF8Fu https://t.co/izCCWrLKzb ...

in the world situation we're in right now. It's it's necessary to have more conscripts and I think that women should contribute to that equally as men do. Um so actually I think it's a positive change but I do think that a lot of women as well as men that might be forced to get into the military.It hasn't been like that in many years. I think it'll it'll be a change. There you go.You know, I think it's very good for the Danish military uh because, you know, war uh is active in the world right now and we nee ...

Core Viewpoint - RTX Corporation is well-positioned to navigate the dual currents of rising geopolitical instability and resilient demand for commercial air travel, supported by its dual mandate in aerospace and defense [1][11]. Group 1: Defense Segment - The Raytheon segment of RTX is a key driver of stability, with a record defense backlog of $93 billion at the end of 2024, providing predictable revenue less affected by economic cycles [2][4]. - Key programs contributing to this backlog include the Patriot air and missile defense system, which recently secured a $2.4 billion contract with Germany, and advanced munitions like the AMRAAM missiles, which received a $299.7 million contract modification [3][4]. - The transition to advanced systems is highlighted by a recent $1.9 billion award for the U.S. and Poland, showcasing the demand for modern defense capabilities [4]. Group 2: Commercial Aerospace Segment - The commercial aerospace businesses, including Pratt & Whitney and Collins Aerospace, are experiencing growth driven by the recovery in air travel, with a 21% year-over-year increase in commercial aftermarket sales in Q1 2025 [5]. - The Pratt & Whitney GTF engine issue has been addressed with a clear management plan, leading to a 30% increase in MRO output in 2024, ensuring a predictable and high-margin services business [6]. - The commercial backlog for RTX stands at $125 billion, indicating strong future growth potential, supported by over 950 new orders for the GTF engine in 2024 [7]. Group 3: Financial Performance and Valuation - RTX's current P/E ratio is approximately 24, reflecting a premium valuation that many investors associate with quality and stability in the market [8]. - The company has a dividend yield of 1.86% and recently increased its dividend by 7.9%, demonstrating management's confidence in future cash flows and a commitment to returning value to shareholders [10][12]. - RTX has a strong track record of dividend payments, with an 88-year history, reinforcing its status as a reliable blue-chip investment [12]. Group 4: Strategic Balance - The strategic balance of RTX, with its defense segment providing stability and its commercial aerospace segment offering growth, allows the company to operate effectively across various economic scenarios [11]. - This operational strength translates into financial fortitude, enabling RTX to deliver tangible value to its shareholders [12].

Anduril announced that it had raised a mega funding round led by Founders Fund, valuing the company at more than $30 billion, doubling its valuation in less than a year. The deal also minted a new defense tech billionaire: company chairman Trae Stephens.https://t.co/U5CrlWj5p2 https://t.co/aC319p751A ...

Core Points - Nukkleus Inc. has been added to the Russell Microcap Index effective June 30, 2025, enhancing its visibility among institutional investors [1][4] - The company is pursuing a disciplined global M&A strategy in the Aerospace & Defense industry, focusing on acquiring mission-critical suppliers [6][7] - Nukkleus plans to acquire a 51% controlling interest in Star 26 Capital Inc., which supplies defense-related products for Israel's "Iron Dome" [2] Company Overview - Nukkleus Inc. focuses on acquiring and scaling suppliers in the defense, aerospace, and advanced manufacturing sectors, targeting Tier 2 and Tier 3 companies [6] - The company aims to modernize and expand strategic suppliers to support dual-use innovation and resilient supply chains [6] - Nukkleus combines organic growth with disciplined M&A to position itself at the core of the 21st-century defense industrial strategy [7] Industry Context - The Russell US Indexes reconstitution captures the 4,000 largest US stocks, ranking them by total market capitalization, with membership in the Russell Microcap Index lasting for one year [3] - Russell indexes are widely used by investment managers and institutional investors, serving as benchmarks for approximately $10.6 trillion in assets as of June 2024 [4]

Core Viewpoint - Kratos Defense & Security Solutions, Inc. has successfully completed a public offering of common stock, raising $575 million in gross proceeds to support its strategic initiatives in the defense and national security sectors [1][2][3] Group 1: Financial Details - The offering consisted of 14,935,065 shares at a public price of $38.50 per share, with net proceeds approximately $556 million after deducting underwriting discounts and commissions [1][2] - The funds will be allocated for investments in national security priorities, customer acquisitions, and general corporate purposes, including debt repayment [2] Group 2: Strategic Positioning - The company is positioned to capitalize on a global recapitalization of advanced strategic weapon systems, with expectations of significant opportunities in the next 12 months [3] - Kratos aims to leverage its innovative capabilities to develop cost-effective solutions for mission-critical needs in defense and national security [4] Group 3: Business Focus - Kratos specializes in various areas including virtualized ground systems, unmanned aerial drone systems, hypersonic vehicles, and advanced propulsion systems [4] - The company emphasizes affordability and rapid development to meet customer requirements, aiming to be a leading contractor in high-probability win scenarios [4]

Core Viewpoint - Amaero Ltd has appointed Brett Paduch as Chief Financial Officer, effective July 14, 2025, to support the company's transition to scaling production and commercial sales in the defense, space, and aviation industries [1][4]. Company Overview - Amaero Ltd is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing [5]. - The company is focused on addressing the national security and economic policy imperative of re-shoring and scaling domestic manufacturing and supply chain capabilities [4]. Leadership Experience - Brett Paduch has over 11 years of experience at PwC, serving as Lead Global Audit Senior Manager for Ingersoll Rand, which has $14 billion in revenue [2]. - He has also held the position of Chief Financial Officer at a private equity-owned business with $160 million in revenue and was SVP of Finance at a subsidiary of a NASDAQ-listed company with a market capitalization of $50 billion [2][3]. Strategic Focus - The company aims to establish robust financial planning analysis and controls to inform strategic decisions, capital allocation, and capital market opportunities as it scales [5]. - Amaero has made significant improvements to its manufacturing facility and commissioned advanced gas atomization technology, achieving an industry-leading yield of additive manufacturing powder [5].

Investment Strategy - The defense industry is evolving into a growth industry, with companies investing in new capacities and cheaper, more effective products [2][3] - Recommends investors to reinvest in the defense industry and discard the legacy defense investing playbook [1][2] - Focus on companies leaning into change and investing in new technologies [3] - Bipartisan support exists for investing in war drones, anti-drone technology, hypersonics, and space technology [10] Drone Technology & Companies - Air Environment reported 80% growth in their loitering munition product line and over 40% overall sales growth [5] - Air Environment's capital expenditure (capex) has increased to 6-8% of sales, a five-fold increase compared to a few years ago [5] - Kratos announced a $500 million primary share offering to invest in low-cost cruise missiles, drone programs, and hypersonics [5][6] - Teledyne, categorized in electronic instrumentation, has nearly a third of its business in government sales, with $900 million in new defense tech, including drones, anti-drone, and space sensors [6][7] Defense Industry Trends - The US military is moving towards a high-low mix of defense technologies, combining exquisite legacy programs with new defense technologies [8] - The Ukraine's spiderweb attack, which destroyed $7 billion worth of Russian aircraft using drones, demonstrates the effectiveness of low-cost attributable mass [9] - Budget cuts are occurring in some legacy programs like the F-35 and some army programs, with funds being redirected to areas like war drones and hypersonics [10]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Red Cat Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements made by the company during a specified class period [1]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 18, 2022, to January 15, 2025 [3]. - Allegations include that the company overstated the production capacity of its Salt Lake City Facility and the value of the U.S. Army's Short Range Reconnaissance Program of Record Tranche 2 contract, leading to materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by July 22, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

ETF Market Trends & Flows - Vanguard 流出资金显著，其中 Vanguard ETF 流出 66 亿美元，Mid-Cap ETF 流出 44 亿美元[3] - 全球国防 ETF 吸引了 70 亿欧元资金流入，尤其欧洲国防 ETF 的资金流入加速[4] - 欧洲小型股今年上涨 20%，表现强劲，但未引起足够重视，值得关注其预示的信号[15] Defense Sector Analysis - 国防领域更多是工业板块，技术投资（如人工智能、无人机和网络安全）是表现良好的关键因素[6] - 欧洲国防 ETF 正在逆势增长，UAD 等 ETF 表现出色，而 SHIELD 等全球化策略的 ETF 也获得关注[8][9] - 假设北约将 GDP 的 3.5% 用于军事装备，年度国防开支将增加 5000 亿美元[26][27] Company Specifics - 摩根大通积极拓展主动型 ETF 业务，新推出的高收益 ETF 获得 20 亿美元的初始投资[20] - BlackRock 推出 Texas ETF (TEXN)，费用率为 20 个基点，旨在为投资者提供投资德州经济的途径[20] - Cavalli Commercial Aerospace and Defense (GCAD) ETF 资产规模较小，为 900 万美元，但一直在增长，费用在达到 2500 万美元前免除[22] - GCAD ETF 今年以来总回报率增长 19%，超过标普 500 指数的 43%[23][24] - 波音公司面临挑战，但其飞机安全性仍然是行业标杆，FAA 权重占比 51%，且积压了大量订单[28][30][31]