SINGAPORE — U.S. Defense Secretary Pete Hegseth urged Asian allies on Saturday to ramp up military spending to counter China’s growing power and prevent its dominance in the region, warning of “rightful alarm” over its rapid military buildup. Hegseth, speaking at the Shangri-La Dialogue in Singapore, Asia’s premier forum for defense leaders, militaries and diplomats,…
SEOUL, South Korea (AP) — U.S. Defense Secretary Pete Hegseth praised South Korea’s plans to raise its military spending, saying Tuesday that the Asian ally will take a larger role in defending itself from North Korean aggressions as the allies must brace for regional contingencies. Modernizing the decades-long alliance between the U.S. and South Korea…
Shares of aerospace and defense company Raytheon (NYSE:RTX) jumped 9.5% in the morning session after the company reported strong third-quarter 2025 results that beat expectations and raised its full-year financial forecast. The aerospace and defense company posted revenue of $22.48 billion, an 11.9% increase year-on-year, which surpassed analysts’ estimates. Earnings were also better than expected,…
Australia’s prime minister is set to pitch his nation’s vast resource holdings as a solution to China’s rare earth curbs at a meeting Monday with President Donald Trump, as the US and other countries scramble to diversify supply of critical minerals. Anthony Albanese is due to meet with Trump at around 11 a.m. in Washington…
Donald Trump proposed that Norway be excluded from NATO because the U.S. president did not believe the nation was paying its way, the alliance’s former chief Jens Stoltenberg has revealed in an upcoming book. The Norwegian leader of the alliance who stepped down from his post as secretary general in 2024 said that in 2018,…
A failed campaign in Taiwan to unseat lawmakers has handed Beijing and the island’s opposition new ammunition against President Lai Ching-te, potentially deepening a political deadlock that prevents his government from strengthening defenses against China. All 24 Kuomintang lawmakers survived recall votes over the weekend, dealing a blow to Lai’s Democratic Progressive Party and its…
THE HAGUE, Netherlands (AP) — World leaders were gathering in the Netherlands on Tuesday for the start of a historic two-day NATO summit that could unite the world’s biggest security organization around a new defense spending pledge or widen divisions among the 32 allies. The allies are expected to endorse a goal of spending 5%…
Defense contractor stocks may help protect your portfolio from a summer of geopolitical risks. “I think using an ETF like an Invesco Aerospace & Defense (PPA) that gets you broad exposure probably makes a lot of sense here, especially when you think about this reconciliation bill that’s coming out,” Innovator ETFs chief investment strategist Tim…