Defense
The Signal's coverage of Defense stocks — sharp analysis on earnings, contracts, and market-moving catalysts.
Axon Isn’t a Taser Company Anymore — It’s a $129B AI Monopoly Hiding in Plain Sight
Axon isn't a taser company anymore — it's an AI platform with a 72% body camera monopoly, $14.3B in contracted future revenue, and a Draft One AI product growin...
The $11.6B Defense Stock Hiding Inside Every Major Weapon System
Leonardo DRS (DRS) is a $11.6B defense electronics pure-play. Their sensors, thermal imaging, and electronic warfare components go into virtually every U.S. mil...
L3Harris Just Won $614M in New Contracts While Everyone Chased AI Stocks
L3Harris (LHX) closed a $614M USSOCOM electronic warfare contract and delivered Air Force One while posting record backlogs. Forward PE of 22x and $2.7B in free...
The Drone Company Trading at 65% Off Its Highs While the Pentagon Bets Its Future on Autonomous Combat
Kratos Defense ($KTOS) is the behind-the-scenes force powering the Pentagon's autonomous drone revolution — XQ-58 Valkyrie, Mojave cruise missiles, and now Elro...
RTX Just Crossed a Quarter-Trillion Market Cap — And the Defense Backlog Says It's Not Done
Raytheon Technologies hit $251B market cap as its defense backlog swells to a record $271 billion. With NATO spending targets rising and Patriot interceptors in...
Lockheed's $186B Secret Nobody's Talking About
Lockheed Martin quietly holds a $186B backlog, a 416-jet F-35 pipeline, and the West's only operational hypersonic weapon program. The stock trades at 16x forwa...
Palantir Has $13.7B in Government Contracts, Revenue Doubled — and the Stock Is Down 24%. This Is the Trade.
Palantir has $13.7B in multi-year contract ceilings, 20,000 Maven users across 5 combatant commands, and revenue that nearly doubled to $1.63B. The stock is dow...
KTOS Is Down 29% While the Business Is Accelerating — The Valkyrie Drone Army Bet Nobody's Pricing In
Kratos Defense ($KTOS) is down 29% YTD to $56.15 despite $1.415B in TTM revenue (+22.6% YoY), a $2.01B backlog, and a string of massive new contracts from Space...
Axon Got Cut in Half — and the Business Just Had Its Best Quarter Ever. The AI Policing Moat Nobody's Priced In.
Axon Enterprise ($AXON) dropped 50% from $885 highs to $441 despite revenue accelerating to 34% YoY and Q1 beating at $807M. With ~80% body camera market share,...
The Pentagon's Drone Budget Just Exploded — These Four Companies Own the Receipts
The US government is pouring billions into drone programs — Kratos, AeroVironment, Red Cat, and Ondas are the four names positioned to capture the wave. Multi-y...
The Pentagon Just Gave Anduril $20 Billion — And Defense Tech Stocks Are Next
Anduril lands a $20B Army enterprise contract with a counter-drone first task order as the Pentagon formalizes Palantir's Maven AI as a core military system wit...
Applied Aerospace Just Dropped a $650M IPO — Here's What Investors Are Missing
Applied Aerospace & Defense Corp (AADX) raised $650M in its IPO at a $3.5B valuation. Shares dipped 5% on day one despite 25% revenue growth. Is this a buying o...
Ondas Inc. Just Became a Defense Powerhouse — $1B Raised, Revenue Up 605%, and It's Still Flying Under the Radar
Ondas Inc. (formerly Ondas Holdings) completed a stunning transformation over the past year — raising $1B in equity, acquiring five defense tech companies, land...
BigBear.ai Stock Surges 20% as $60M Defense Contracts and Panama AI Deal Reshape the Narrative
BigBear.ai (NYSE: BBAI) shares surged 20% this week after the company reported Q1 earnings that beat revenue estimates, grew its contract backlog to $282 millio...
Palantir Surges 10% as Dell's Blowout Earnings Validate AI Factory Partnership
Palantir jumped 10% on May 29 after Dell's massive Q1 earnings beat validated the AI spending cycle. With US commercial revenue crossing 100% growth, Palantir's...
Space Force Just Dropped $3.2 Billion on Golden Dome — The Biggest Missile Defense Play Since Star Wars
The Space Force selected 12 contractors for the Golden Dome program — a $3.2B space-based missile interceptor initiative. Lockheed Martin, RTX, L3Harris, and No...
Iran Just Threatened U.S. Tech Giants — Defense Stocks Are the Only Safe Haven
Iran's IRGC issued a formal warning that American tech companies — including Nvidia, Apple, and cloud infrastructure providers — could become legitimate targets...
Palantir Grew Revenue 85% and Raised Guidance — So Why Is PLTR Down 26% YTD?
Palantir reported Q1 2026 with 85% YoY revenue growth to an estimated $1.4B+, ARR crossed $6.5B, and full-year guidance was raised to 71%. Adjusted operating ma...
General Dynamics Just Dropped a Monster Earnings Beat — And Defense Spending Is About to Go Nuclear
General Dynamics ($GD) is firing on all cylinders — Q1 2026 earnings smashed estimates by 11%, Gulfstream is shipping record business jets, the Virginia-class s...
Kratos Is Quietly Building the Pentagon's Drone Army — $KTOS Is the Purest Defense AI Play
Kratos Defense ($KTOS) is emerging as the Pentagon's go-to supplier for jet-powered drones and autonomous combat aircraft, with the BQM-177A target drone and Va...
Palantir vs The Pentagon: America's AI Darling Just Bit the Hand That Feeds It
Axios reports Palantir is battling the Pentagon's DIA over a major intelligence contract, alleging wasteful procurement practices. The government's most-embedde...
Rheinmetall Is the Centerpiece of Europe's Rearmament — And It's Still Early
Rheinmetall AG (OTCPK: RNMBY) is the single best-positioned company in the European defense rearmament cycle. $10.07B in revenue growing 28.8% YoY, $1.05B net i...
Axon Just Dropped a 34% Revenue Beat and the Market Punched It. That's Your Signal.
Axon Enterprise (AXON) reported a massive Q1 2026 earnings beat — $807M in revenue, 34% YoY growth, raised full-year outlook, and a Zacks upgrade to Strong Buy....
GE Aerospace Is the Sleeping Giant Nobody's Watching — Up 35% With Room to Run
GE Aerospace (GE) is up 35.7% in the last year but down 18% from its highs — and Barron's just called it 'unfairly punished.' With a $40B engine backlog, a new ...
RTX Just Dipped 18% From Its Highs. Here's Why That's Your Entry Point.
RTX dropped 18% from its $214 high despite posting $90B revenue, $7.2B FCF, and a growing dividend. At 25x forward earnings with a 28% analyst upside and defens...
Why AXON is the Ultimate Unkillable Portfolio Diversifier
Axon Enterprise (AXON) crossed $1.5B in ARR with 125% NRR and AI revenue exploding 700% YoY. At $386 — nearly 50% off highs — this defense-style AI monopoly is ...