Rocket Lab USA $RKLB (-0.05%) has taken a significant step in the international defense and aerospace industry. The company has the honor of being selected by both the US Air Force and the UK Ministry of Defense. Rocket Lab will be a partner in multi-billion dollar programs to develop hypersonic technologies. In particular, Rocket Lab will play a key role in the US Enterprise-Wide Agile Acquisition Contract (EWAAC) program, which is worth up to USD 46 billion and runs until 2031. This collaboration is not only a vote of confidence, but could also help the company to secure numerous orders in the coming years and significantly expand its portfolio. With innovative hypersonic solutions, Rocket Lab aims to set new standards and consolidate its position in the industry.
In the USA, Eastman Chemical $EMN (-1.8%) is one of the leading companies in the chemical sector, offering a broadly diversified portfolio. The company supplies specialty and commodity chemicals for various industries, including paints, coatings, plastics and additives. However, in view of the current economic uncertainties, Eastman Chemical has announced that it will introduce further cost-cutting measures. The aim is to achieve positive effects of USD 75 to 100 million by 2025 through these measures. These strategic steps are necessary to improve margins and strengthen the company's competitiveness in a challenging market environment. While the industry is in transition, Eastman is showing that it is ready to face the challenges and proactively seek solutions.
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