The U.S. Navy has awarded Rolls-Royce a firm-fixed-price contract valued at $36.5 million for the production of engines for its CMV-22 Osprey tiltrotor aircraft. The agreement covers ten 1107C engines, with work to be completed by May 2028.
Colombia's benchmark COLCAP index finished Monday's trading session unchanged, as a strong performance from mining and materials stocks was counteracted by declines in food and utility companies.
Defense contractor L3Harris Technologies has been awarded a $70.8 million modification to an existing U.S. Navy contract for equipment and engineering support, with work scheduled for completion by October 2029.
Shares of Lulu's Fashion Lounge Holdings surged in after-hours trading after the company's board formed a special committee to explore strategic alternatives aimed at maximizing shareholder value.
JPMorgan Chase CEO Jamie Dimon is facing an inquiry from Senator Elizabeth Warren regarding whether he lobbied the UK government based on reported advice from Jeffrey Epstein concerning a 2009 bankers' bonus tax.
The content and technology firm announced a reduction in its engineering staff, reportedly affecting up to 500 roles, as it pivots resources toward artificial intelligence. The company also plans to hire over 250 new AI-focused engineers over the next two years.
Shares of the clinical-stage oncology company fell in after-hours trading after it announced a significant stock sale, overshadowing positive clinical trial data and a new analyst rating.
Lawson Whiting, President and CEO of Jack Daniel's maker Brown-Forman, has announced his decision to retire. The company confirmed he will continue to lead the spirits giant until a successor is appointed.
Samos Energy Acquisition Corporation, a special purpose acquisition company, has closed its initial public offering on the NYSE, raising $230 million. The company plans to use the proceeds to acquire an operational, cash-generating business in the international energy sector.
