Weekly News Update: Jan 26, 2024

20 - 26 Jan 2024

Good morning,

Groundhog’s Day is next week. It feels like it’s already here. Here’s what’s happening: China is mad over US Navy ships sailing through the Taiwan strait. The US and UK continue striking Houthi targets in Yemen, as the navies also combat Houthi missiles and attack drones in the Red Sea. The ICJ has told Israel to prevent a genocide in Gaza.

The Wall Street rally continues pushing up major indices to all-time highs. Lockheed and Raytheon both released results this week and saw bumps to their shares. Startups, however, are not feeling the love as the Pentagon’s spending spree is still going to the bigger companies.

Let’s dive in to these and other issues surrounding aerospace and defense technology.