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Pentagon signs over $2B in deals securing batteries, critical minerals

Sila Technologies, Sunrise Energy Metals and Niron Magnetics are the latest entities that inked conditional loan commitments with DOD’s Office of Strategic Capital. 

SpaceX to invest $16.8B on first phase of Terafab project

The company plans to begin construction this year and create 3,000 jobs under phase one. The state granted SpaceX $30 million for locating its project in Texas.

Experts call FCC’s block on foreign robotics a nearshoring tactic

While cyber threats are a growing risk to national security, the agency’s sweeping block on humanoids, quadrupeds and mobile robot imports could reinvigorate domestic suppliers.

Manufacturing jobs continue upwards, adding 5,000 jobs in July

The transportation equipment sector gained the most workers at nearly 12,000. Meanwhile, the food industry lost over 6,000 employees.

Trump imposes 15% tariff on polysilicon imports for chips, solar power

A national security threat from imports has eroded U.S. production capacity for materials used in semiconductor and solar manufacturing, the president claimed. The levy, along with an import price floor, will go into effect Dec. 4.

GlobalFoundries drives Q2 revenue to $1.79B, completes Synopsys deal

Revenue exceeded the high end of guidance ranges, driven in part by 60% year-over-year growth in the communications infrastructure and data center end market.

Hadrian raises $1.4B to increase manufacturing footprint, workforce

The defense startup plans to expand its workforce from 700 to 2,000 as well as open three more AI-power factories across the United States.

Steris to invest $600M in North Carolina manufacturing hub

The Dublin-based company plans to relocate some existing U.S. operations to the new 600,000-square-foot campus in the coming years.

Caterpillar sales surpass $20B as data center generators take off

The industrial equipment maker saw stronger-than-expected North American construction sales and continued momentum for AI-related infrastructure. A $392 million tariff refund also bolstered profits.

MP Materials launches rare-earth magnet initiative

Project Swarm will allow any domestic or allied manufacturer up to 2 million drones of magnet capacity a year, Chairman and CEO James Litinsky said.

How Loftware uses AI to streamline packaging and labeling

Artificial intelligence is helping companies track what is actually in the packages they ship to avoid costly delays and mistakes, Loftware CEO Jim Bureau said.

Honeywell completes $1.4B productivity solutions unit sale

Brady Corp. will operate the productivity solutions and services business as a new segment under intelligent productivity solutions.

Updated Aug. 5, 2026

PDW, DOD sign $820M conditional loan boosting drone part production

The Alabama-based component maker will use the funds to grow its manufacturing capabilities, footprint and workforce, CEO James Slider said.

US Steel emerges as growth driver one year after Nippon Steel deal

The Japan-based company raised its full-year guidance, citing a U.S. market turnaround and operational improvements.

25 states sue Trump over Section 301 forced-labor tariffs

The suit claims the tariffs are a workaround for a Supreme Court decision that revoked sweeping duties imposed by President Donald Trump.

US manufacturing expands for seventh month in a row: ISM

Prices are “still too high but going in the right direction,” said Susan Spence, chair of the Institute for Supply Management.

Eric Trump backs $638M Space-Eyes, McKinley Acquisition merger

The two companies aim to expand the AI-powered defense systems business using third-party manufacturers in a bid to garner government contracts worldwide.

Switzerland-based Octapharma to invest $1.5B in first US facility

The plasma-derived medicine maker plans to create 1,500 jobs to support one of the state’s largest private biomedical investments.

Resilience and Lilly invest $750M to scale Cincinnati medicine output

The expansion will create 400 jobs dedicated to GLP-1 injectables production across Resilience’s contract manufacturing facilities.

ADM, BeOne Medicines, H-One and others announce openings, expansions

The announcements in June and July span industries such as agriculture, automotive, oncology and electronics.

Qnity, University of Delaware team up for semiconductor R&D, workforce

UD Engineering has a capstone program that allows companies to recruit students. Qnity’s corporate partnership will focus on semiconductor materials research.

Stanley Black & Decker delivers positive Q2, citing tariff refunds and sale

The company’s earnings more than tripled to $351.3 million compared to last year, driven by increased power tool demand and a pretax benefit from tariff refunds.

Boeing’s recovery momentum surges with $24.6B revenue in Q2

The plane maker expects to generate a cash flow between $1 billion and $3 billion and aims to deliver up to 600 commercial planes by the end of 2026.

Samsung, Broadcom reach $200B AI memory chip deal

The companies' memorandum of understanding envisions a collaboration extending across memory and foundry through 2030.

US Army awards prototype contracts to Ford, GM, BC Customs

The automakers are competing for a contract to produce over 600 Heavy Infantry Squad Vehicles for the military agency. The agreement also aligns with Ford and General Motors’ goal to grow in the defense sector.