Business
Raytheon Wins $745 Million MDA Contract for SM-3 IIA Interceptors
Raytheon, an RTX business, won a $745 million Missile Defense Agency contract for SM-3 IIA interceptor production and sustainment through 2031.
Analysis
China's Critical Minerals Chokehold Still Runs Through Refining and Magnets
China still dominates critical-mineral refining, rare-earth magnets and battery-grade graphite, leaving Western defense and clean-energy industries exposed.
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Niobium's Bull Case Rests on Supply, Not a Demand Surge
Niobium's 12-month bull case rests on firm prices, concentrated Brazilian supply and steady demand from steel, aerospace and superalloys.
Editor's Pick
Anthropic and OpenAI Test the Rules for Valuing AI Revenue
AI · · 6 min read
Combined private-market valuations above $1 trillion rest on revenue growth that is real but far smaller, forcing investors to separate consumption run rate from durable recurring revenue.
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