Heather Somerville

Heather Somerville Rocket maker Exquadrum isn't particularly old in the business of defense contracting.

A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package. Its shares jumped more than 6% premarket. Shares in GlobalFoundries, a

Neros and Donald Trump Jr.-linked Unusual Machines are among the companies in deal talks.

Shares in the computer hardware maker are up 150% since President Trump’s accounts purchased more than $1 million worth.

Some well-known companies were added to the annually updated list, which designates them as a U.S. national-security risk.

Undersecretary Emil Michael and CEO Dario Amodei went back and forth for months over safety guardrails.

Neros, started by former drone-racing teens, makes Ukraine-style first-person-view drones that are cost-competitive with popular Chinese models.

Heather Somerville In high school, while their classmates were attending prom and cheering at football games, Olaf Hichwa and Soren Monroe-Anderson were building drones.

The Pentagon is using a surging budget to avoid choosing between defense-tech startups and old-school contractors.

Heather Somerville Since taking the top job at the Pentagon, Defense Secretary Pete Hegseth has rewritten rules and upended traditions that had for decades steered how the U.S. military buys weapons.