$BA

Appaloosa Management, led by David Tepper, increased its Amazon stake by over 15% to nearly $1.2B in Q2, and expanded positions in Meta (+~55% to ~$380M), Alphabet (+~7% to ~$661M), and Apple (new position >$241M), per regulatory filings. It cut Micron by >41% to ~$1.125B and exited SanDisk (> $400M).

The Pentagon signed seven-year framework agreements with Boeing and RTX to expand production of Standard Missile-3 components for SM-3 Block IB and Block IIA, including avionics and ejector assemblies Boeing supplies to Raytheon. The deals aim to stabilize supply chains and expand munitions output. Separately, the Missile Defense Agency awarded Raytheon a $745 million contract for Block IIA interceptors.

An NTSB preliminary report says a Malta Air Boeing 737-8AS (9H-QEU) on Ryanair flight 1879 suffered a No.2 engine fan blade separation on July 10, causing cabin depressurisation and a passenger partially lodged in a missing cabin window. Investigators found fatigue on 37% of a fractured blade and bird remains. The aircraft landed after an emergency return.

Researchers at UC San Diego and Oberlin College demonstrated a coin-sized device costing under $100 that can be plugged into a maintenance port on a Boeing 737 to connect to onboard Wi-Fi and potentially interfere with communications between two main computers. Boeing said its technical experts believe existing protections sufficiently mitigate real-world attack feasibility and risk.

The Pentagon said it reached framework agreements with Boeing and RTX to ramp production of Standard Missile-3 interceptor components. The firms will increase output ahead of definitive contracts, with Boeing stating the frameworks cover seven years. The Pentagon said the deals support U.S. and allied sea-based missile defense and aim to stabilize supply chains while multi-year awards seek congressional approval.

On Aug. 14, the Pentagon announced framework agreements with Boeing and RTX (Raytheon) to expand production of components for SM-3 Block IB and Block IIA ballistic missile interceptors. SM-3 Block IIA received a separate $745 million contract for production and sustainment. The Pentagon said it will ramp up production and negotiate a multiyear award; values and targets were not disclosed.

The Pentagon signed agreements with Boeing and RTX to expand production of components for SM-3 Block IB and Block IIA interceptor missiles used with the Aegis missile defense system. The contracts aim to increase ship-based interceptor manufacturing capacity amid debate over U.S. munitions stockpiles, following claims of possible shortages.

The U.S. Department of War said it signed seven-year framework deals with Boeing and Raytheon to expand output of ship-launched SM-3 Block IB and Block IIA interceptor components, including avionics and ejector assemblies. Boeing, the government, and Raytheon will scale production while negotiating later multi-year contracts. Boeing said earlier Patriot seeker deliveries rose over 30% in 2025.

Researchers at UC San Diego and Oberlin College built a coin-sized, Wi-Fi-enabled device that can be plugged into an unlocked maintenance port on a Boeing 737 to interfere with communications between flight computers, potentially altering flight plans and takeoff parameters. They estimate installation could take about 60 seconds. Boeing reviewed the findings and told Wired existing safeguards mitigate risk.

Boeing unveiled its Ultra Low-Cost Seeker (ULCS), an active radar seeker built largely from off-the-shelf commercial parts and still in development, at the Space and Missile Defense Symposium. Boeing said ULCS is designed for reuse across air and missile defense interceptors, guided bombs, and cruise missiles, after tests including Beechcraft 1900 flights and rocket trials. Boeing did not disclose cost or funding details.