Canada Markets open in 1 hr 17 mins
  • S&P/TSX

    19,235.09
    -135.91 (-0.70%)
     
  • S&P 500

    3,783.28
    -7.65 (-0.20%)
     
  • DOW

    30,273.87
    -42.43 (-0.14%)
     
  • CAD/USD

    0.7320
    -0.0082 (-1.1133%)
     
  • CRUDE OIL

    87.43
    -0.33 (-0.38%)
     
  • BTC-CAD

    27,642.72
    +119.48 (+0.43%)
     
  • CMC Crypto 200

    459.84
    +1.43 (+0.31%)
     
  • GOLD FUTURES

    1,724.20
    +3.40 (+0.20%)
     
  • RUSSELL 2000

    1,762.69
    -13.08 (-0.74%)
     
  • 10-Yr Bond

    3.7590
    0.0000 (0.00%)
     
  • NASDAQ futures

    11,577.00
    -46.75 (-0.40%)
     
  • VOLATILITY

    29.18
    +0.11 (+0.38%)
     
  • FTSE

    6,998.74
    -53.88 (-0.76%)
     
  • NIKKEI 225

    27,311.30
    +190.77 (+0.70%)
     
  • CAD/EUR

    0.7419
    +0.0009 (+0.12%)
     

Shocker: Northrop Grumman Beats SpaceX in Space

·4 min read
Shocker: Northrop Grumman Beats SpaceX in Space

Two years ago, SpaceX announced an evolution in its business. Elon Musk's pioneering space company -- famous primarily for its low-cost launch rockets -- landed a $149.2 million contract to build satellites for the Pentagon's Space Development Agency. Building on its experience developing its own Starlink communications satellites, SpaceX was picked to work alongside established defense contractor and radio communications specialist L3Harris (NYSE: LHX) to build four Tranche 0 Tracking Layer satellites to track missile launches for the Department of Defense.