Industrial Base Alpha

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Autonomy

HII wins Navy contract for 10 ROMULUS autonomous USVs

Huntington Ingalls Industries won a U.S. Navy contract to build 10 ROMULUS uncrewed surface vessels for the Medium Unmanned Surface Vessel program, leveraging its Odyssey Autonomous Control Solutions autonomy suite.

Sep 30, 2026AnalysisHII
Aviation

Boeing selected for US Navy F/A-XX program valued at $20 billion

Boeing won a $20 billion contract to develop the US Navy's F/A-XX sixth-generation fighter. The award raises industrial base concerns as Boeing must simultaneously develop the Air Force's F-47 while maintaining production of F-15EX, F/A-18E/F and T-7A at its St. Louis facility.

Sep 30, 2026AnalysisBA
Software

Temporal raises $550M Series E at $12.55B valuation

Temporal, a Bellevue-based AI infrastructure company, raised $550M in Series E funding at a $12.55B valuation. Annualized revenue exceeds $250M, up 200% year-over-year, with customers including OpenAI, Nvidia and Netflix.

Sep 30, 2026Analysis
Cyber

REDLattice goes public via SPAC at $1.25B valuation, raises $610M

Cyber intelligence company REDLattice is merging with Bold Eagle Acquisition Corp. at a $1.25 billion pre-money enterprise value, with up to about $610 million in gross proceeds assuming no redemptions, to refinance debt and fund organic growth.

Sep 29, 2026Analysis
Munitions

Raytheon wins $20.7B AMRAAM contract for 16 allied nations

The U.S. Air Force awarded RTX's Raytheon a $20.7 billion multi-year contract to produce AIM-120 AMRAAM missiles for allied nations through June 2033, sustaining production capacity across the current decade.

Sep 29, 2026AnalysisRTX
Autonomy

Army awards $4.15B in counterdrone contracts; $7B program planned

The U.S. Army issued 10 indefinite delivery, indefinite quantity contracts worth $4.15 billion for counterdrone systems to 10 companies. The awards are part of a planned $7 billion program using the Pentagon's drone marketplace.

Sep 29, 2026AnalysisLHXAVAV
Space

Stoke Space raises $1B Series E, total funding hits $2.3B

The Kent-based fully reusable rocket company announced a $1 billion Series E round, bringing cumulative funding to $2.3 billion. CEO Andy Lapsa warned that Washington state's policy environment could push future startups to competing states.

Sep 29, 2026Analysis
Software

VA increases Oracle EHR contract ceiling by $17B to $27B total

The Department of Veterans Affairs raised the ceiling on its Oracle electronic health record modernization contract to $27 billion from $10 billion, citing unanticipated complexities. Congress issued subpoenas demanding Oracle executives explain the $17 billion increase.

Sep 28, 2026Analysis