Utkarsh Shetti

3 weeks ago | msn.com | Utkarsh Shetti

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3 weeks ago | money.usnews.com | Utkarsh Shetti

By Utkarsh Shetti(Reuters) -Defense technology startup Anduril Industries has clinched a valuation of $30.5 billion in its latest funding round where it raised $2.5 billion, the company said on Thursday. This round more than doubled the Palmer Luckey-founded company's valuation, from $14 billion last year when it raised $1.5 billion.

1 month ago | today.westlaw.com | Utkarsh Shetti |Leroy Leo

(Reuters) -Honeywell will appoint activist investor Elliott Investment Management's Marc Steinberg to its board, the company said on Wednesday, ahead of its planned split into three independently listed companies.

1 month ago | marketscreener.com | Allison Lampert |Utkarsh Shetti

(Reuters) -Howmet Aerospace raised its 2025 profit forecast on Thursday, despite impacts from U.S. tariffs, sending shares up 7.8% as the maker of castings and fasteners expects to pass on higher costs and sees strong demand from increased jet production. The U.S. aerospace industry is seeking a tariff exemption to alleviate rising production costs and supply-chain strain, but strong demand for parts continues to support some suppliers such as Howmet and Honeywell.

1 month ago | marketscreener.com | Utkarsh Shetti

(Reuters) -Honeywell on Tuesday raised its 2025 profit forecast despite flagging a $500 million exposure to tariffs, saying it aims to cushion the impact through a mix of higher pricing and local sourcing. Shares rose 6% as the industrial and aerospace giant surpassed first-quarter expectations for revenue and profit and said its forecast accounts for the impact of tariffs on demand.