Great visit with the team at Boeing Phantom Works in St. Louis to talk about the future of aeronautics and the technologies that will shape the next generation of flight. Advancing aeronautics means taking on hard problems, pushing technology forward, and building strong partnerships across government and industry. Excited about what’s ahead.

Senate Committee on Commerce, Science, and Transportation held a confirmation hearing for Matthew Anderson, of Colorado, to be Deputy Administrator of the National Aeronautics and Space Administration (@NASA) Images:

🚨 THE IRAN WAR IS GENERATING BILLIONS FOR DEFENSE STOCKS Lockheed Martin $LMT stock rose 7% after crushing Q2 earnings and raising its full-year guidance. 🟢 Revenue: $20.1B vs Est. $19.4B, +11 YoY 🟢 EPS: $7.94 vs Est. $7.23 🟢 Net income: $1.84B 🟢 Backlog: $230.4B, +38% YoY Every business segment grew with missile demand driving most of the acceleration • Missiles and Fire Control: +20% • Aeronautics: +9% • Rotary and Mission Systems: +8% • Space: +6% Rising global conflicts are boosting profit outlooks, as the Pentagon moves to restock missiles and other critical defense weapons. Lockheed recently received a seven-year contract worth up to $35B to quadruple production of THAAD missile interceptors. It is also preparing to increase annual PAC-3 production from roughly 600 missiles to 2,000. Governmenets a rebuilding their missile inventories and a $230B backlog now represents almost three years of Lockheed’s projected revenue. Limitless traders see a 72% chance $LMT closes green today after smashing earnings: 🟢 Market: The only question is how quickly Lockheed can build everything governments have ordered.