US defense contractors are on shaky ground just a month into the new administration — taking a backseat to European peers — ...

Senate Republicans finally pushed through their blueprint for the first phase of President Donald Trump's legislative agenda ...

The review could set the stage for Defense Secretary Hegseth to follow through with goals to invest more in the Asia-Pacific ...

Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years ...

Defense Secretary Pete Hegseth has directed the military services to identify $50 billion in programs that could be cut next ...

Defense Secretary Peter Hegseth has ordered senior military and civilian Pentagon officials to cut 8% from the defense budget ...

The move could reduce defense spending projections by hundreds of billions of dollars over the next five years.

The Pentagon said on Wednesday it was directing the military to draw up a list of potential cuts totaling about $50 billion ...

Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.

Palantir stock fell more than 5% Thursday, adding to its 10% drop the prior day, following a report the Trump administration ...

Hegseth, 44, demanded a proposal that would include annual 8% cuts to the Pentagon’s roughly $850 billion budget, according ...

Hegseth's memo doesn’t address the future of some of the Defense Department’s major programs, including the costliest — the F ...