Kiel Porter

The Pentagon awarded RTX Corp. a contract valued at $20.7 billion to nearly double production of air-to-air missiles, the latest agreement by the Trump administration as it looks to boost output of munitions strained by the war in Iran.

A unit of Koch Inc. received a payout of almost $700 million from software firm Infor’s international business last year, according to a UK filing, taking the total dividend for the past two financial years to almost $1 billion.

Elon Musk said he thinks his companies would probably “figure out how to make chips better than anyone” given their expertise in creating customized equipment.

Building a cutting-edge chipmaking operation is a formidable undertaking. By Kiel Porter, Bloomberg ·

General Electric Co. raised its full-year outlook amid strong aircraft engine demand, in a sign that air travel has yet to retreat despite resurgent jet fuel prices.

3M Co. topped Wall Street’s profit estimates and raised its full-year outlook for the second straight quarter as the maker of Scotch tape and Post-it notes works to rejuvenate its operations.

RTX Corp. raised its full-year outlook for a third straight quarter as the aerospace and defense manufacturer gets a boost from robust global air travel and rising demand for military hardware.

General Electric Co raised its full-year outlook amid strong aircraft engine demand, in a sign that air travel has yet to retreat despite resurgent jet fuel prices.

General Electric Co. is working to increase engine deliveries for the 787 Dreamliner as customer Boeing Co. seeks to ramp production of its popular widebody jet.

Capital Maritime Finance Corp., the container shipping company majority owned by Greek billionaire Evangelos Marinakis, advanced in its first days of trading on the Athens Stock Exchange before giving back some gains in a late-week swoon.