Shares of Raytheon Technologies on Oct. 28 were headed to their second day of significant declines after the aerospace and defense behemoth revealed a new U.S. criminal probe into its heritage Raytheon Missiles & Defense business, as well as continuing concerns regarding a slow commercial aftermarket recovery.

The Pentagon has tapped private equity investor Acorn Growth Companies, a middle-market firm that targets only Western aerospace, defense and intelligence companies, to help lead its Trusted Capital Marketplace effort as the predominant, preordained financial sponsor.

House Armed Services Committee Chairman Adam Smith (D-Wash.) anticipates the House and Senate will reach a conference agreement in early December for the fiscal 2021 defense policy bill, which is roughly five months after each chamber passed its version of the bill.

Democrat Kim Mangone is challenging one of the most powerful Republicans in Congress, House Minority Leader Kevin McCarthy, to represent California’s 23rd District.

Democrat Amy McGrath is challenging one of the most powerful Republicans in Congress, Sen. Mitch McConnell (Ky.) for his Senate seat.

Ukraine has already purchased Baykar Makina Bayraktar TB2 unmanned air systems from Turkey and is a partner in the development on the company’s larger Akinci medium-altitude, long-endurance platform.

The declaration by Iran appears to open the door to re-opening arms purchases with China and Russia, but U.S. diplomats warned any such deals would trigger a new round of sanctions.

The lack of an appropriations bill passed by Congress and signed into law by the president is forcing the U.S. Space Force to slow down some of its work.