WASHINGTON (Reuters) -Desperate to address surging demand for solid fuel rocket engines, the Pentagon is close to giving a contract for new motors to the untested, privately held startup Ursa Major, according to two sources familiar with the situation. While rocket motors themselves are relatively inexpensive, they play a vital role in propelling billions of dollars of missiles and rockets on order to supply the war efforts in Ukraine and Israel, and to re-stock dwindling U.S. inventories. The contract – expected to be small and to fall under the Pentagon's development programs – would be a big vote of confidence in the upstart defense contractor as officials seek more suppliers beyond the two dominant rocket engine makers – Northrop Grumman and L3 Harris Technologies.
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Nvidia’s $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors
Although share repurchases are known for lifting earnings per share (EPS) and instilling confidence in investors, Nvidia’s decision to announce a hefty buyback program will struggle on both fronts. Source