Zentek Ltd. (TSXV:ZEN) Pre-Qualified for Canada Defence Drone Marketplace

The U.S. State Department approved a potential $24.3 billion sale of 48 F-35 fighter jets and related equipment to Saudi Arabia, involving Lockheed Martin and Pratt & Whitney. The deal aims to enhance Saudi Arabia's defense capabilities and regional interoperability, supporting U.S. national security objectives.

The US State Department approved a $24.3 billion sale of 48 F-35 fighter jets and related equipment to Saudi Arabia, involving Lockheed Martin and Pratt & Whitney. The sale aims to support US foreign policy and regional stability, according to the department. Congress has 30 days to review the deal. The announcement follows Saudi Arabia's request for US military assistance against Yemen's Houthis, with ongoing diplomatic discussions.

S&P downgraded Corteva Inc. (CTVA) to 'BBB+' from 'A-' due to its upcoming spin-off of the higher-margin seed business, reducing scale and diversification. The company's 2025 crop protection revenues were $7.5B (43% of pre-separation revenue) with EBITDA of $1.35B (34% of pre-separation EBITDA). Corteva targets $2.2B-$2.6B in cash flow from operations in 2027-2029, with priorities including M&A, share repurchases, and dividends.

Bill Gates' Cascade Investment acquired 3.06 million shares of Republic Services (RSG) between August 28 and September 11, increasing his stake to 117.05 million shares, or 38% of the company. Republic Services raised its quarterly dividend to $0.67 per share, with Gates set to receive $78.43 million from the upcoming payout. The company reported Q2 adjusted EPS of $1.85 and revenue of $4.43 billion, with full-year 2026 guidance of $7.23-$7.28 EPS on $17.20-$17.30 billion revenue.

Vineyard Wind and GE Vernova settled their legal dispute, dismissing all claims. GE Vernova withdrew its contract termination notice. Vineyard Wind claims all turbines can produce power, but output data shows a decrease in Q2. Settlement terms are confidential.

Generac (GNRC) has signed an $8B deal with Amazon to supply backup generators for its data centers, with $2.4B in deliveries expected in 2027-2028. The agreement includes Amazon's option to buy up to 1.7M Generac shares. Generac's stock surged from $175 to nearly $250 on the news. Data centers have been a key growth driver for Generac, with its commercial and industrial segment's sales up 29% YoY.