Arcos Dorados Sales Reach $1.1 Billion

The Pentagon ordered US defense contractors to submit within 21 days plans to accelerate production of missiles and interceptors amid shortages after the first month of strikes against Iran. It cited depleted Patriot and THAAD inventories and said framework agreements with Lockheed Martin and Northrop Grumman target PAC-3 and THAAD output. Lockheed Martin received a contract up to $58.6B to triple PAC-3 production by 2030.

The Pentagon, according to a memo reported by The Washington Post and confirmed by spokesman Sean Parnell, is urging defense contractors to accelerate production of critical munitions within 21 days, citing rapid U.S. missile and interceptor usage in the Iran war. CSIS estimates Patriot and THAAD stocks fell sharply. The memo also ties plans to shaping the fiscal 2028 defense budget.

Oracle won a 10-year $395.8M contract from the US Office of Personnel Management to build a governmentwide HR platform on its Fusion Cloud HCM, covering more than two million federal employees. OPM said it will consolidate legacy HR systems into one workflow for personnel actions, payroll and benefits, time and attendance, talent acquisition, and performance management. The award followed court bid protests.

Oracle (ORCL) shares have rebounded after a steep selloff, helped by new AI-related deals. The company won a 10-year Pentagon software contract worth up to $6.99 billion and expanded its Google Cloud partnership to bring Gemini models into Fusion Applications and NetSuite. The article cites $130B debt, rising capex near $56B, negative free cash flow, and a valuation model target price of $226.

Nokia (NOK) said it signed a 5G expansion agreement with Taiwan Mobile on July 14 to deploy its AirScale portfolio and AI-driven network software. The deal covers four AI applications, including predictive analytics, SON automation, baseband and radio upgrades, energy management, and self-healing. Nokia cites Aetha data on AI traffic growth and expects AI-RAN spectral efficiency to rise from 20% to 50% next year and 100% by 2028.

Conduent (Nasdaq: CNDT) said Virginia’s DMAS awarded it a contract, up to 14 years, to continue operating and modernize Virginia Medicaid delivery systems. Using its Conduent Medicaid Suite, Conduent will support claims processing, finance, call centers, reporting, and related services for about 1.6 million enrollees.