Mandatum & Workhorse Earnings Miss, $23B Missile Deal, Rakuten Drones | August 17, 2026

Executive Summary

Today's business landscape reveals a series of mixed earnings reports from startups like Mandatum Oyj and Workhorse Group, both posting results below expectations. Meanwhile, notable developments in the defense sector included Washington's significant $23 billion contract aimed at doubling Tomahawk missile production, highlighting concerns over stock depletion. Additionally, Rakuten Group announced a collaboration with a German startup focused on interceptor drones, reflecting ongoing innovations in defense technology.

Startups — 4 articles

Mixed results dominated the startup sector today, with both Mandatum and Workhorse struggling in their second-quarter earnings presentations, indicating potential challenges in their respective markets.

• Mandatum Oyj 2026 Q2 - Results - Earnings Call Presentation — Seeking Alpha (US)
• Workhorse Group, Inc. 2026 Q2 - Results - Earnings Call Presentation — Seeking Alpha (US)
• Coventry City Confirm Signing Of Taiwo Awoniyi — Information Nigeria (NG)
• Rakuten Group s'associe à une startup allemande développant des drones intercepteurs — NHK (JP)

Markets — 9 articles

The defense market is witnessing robust activity, as evidenced by Washington's massive missile contract, pointing towards increased military investments amid global tensions.

• Boozt AB (publ) 2026 Q2 - Results - Earnings Call Presentation — Seeking Alpha (US)
• Solana Company 2026 Q2 - Results - Earnings Call Presentation — Seeking Alpha (US)
• FG vise un investissement de 750 millions de dollars avec une nouvelle politique nationale en matière de cloud — Punch (NG)
• Washington conclut un contrat d'une valeur de 23 milliards de dollars pour doubler la production de missiles Tomahawk afin de faire face à l'épuisement des stocks. — Al Quds (PS)
• Asia-Pacific aviation: is up really the only way? — Business Times (SG)