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[ad_1] A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida. SpaceX The U.S. military is raising the stakes — and widening the field — on a high-profile competition for Space Force mission contracts. The Space Force plans to buy even more rocket launches from companies in the coming years than previously expected, granting more companies a chance at securing billions in potential contracts. "This is a huge deal," Col. Doug Pentecost, the deputy program executive officer of the U.S. Space Force's Space Systems Command, told reporters during a briefing this week. Earlier this year the Space Force kicked off the process to buy five years' worth of launches, under a lucrative program known as National Security Space Launch (NSSL) Phase 3. Now it's boosting the scale. The U.S. sees a rising impetus to improve its military capabilities in space, spurring the need to almost triple the number of launch

[ad_1] Traders on the floor of the NYSE, July 17, 2023. Source: NYSE The Dow Jones Industrial Average was higher Tuesday as traders digested better-than-expected corporate earnings. The Dow added 335 points, or 1%, aided by a 4.4% jump in Microsoft . The Nasdaq Composite climbed 0.4%, while the S&P 500 gained 0.5%. The Dow was headed for a seventh straight day of gains. Bank of America  reported better-than-expected earnings for the second quarter,  thanks to higher interest rates . The bank stock added 4.7%. Bank of N.Y. Mellon's earnings also exceeded expectations, helping lift shares 5%. Morgan Stanley stock added 6.5% after a beat on both revenue and adjusted earnings per share thanks to record revenue in its wealth management segment. PNC Financial , added 1.2% on the back of mixed second-quarter numbers. J.B. Hunt is slated to report after the bell. Overall, the earnings season is off to a strong start. Of the S&P 500 that have reported, 84% exceeded profit