In a significant move, U.S. Defense Secretary Pete Hegseth has announced the termination of over $580 million in Department of Defense (DoD) contracts and grants, citing a focus on eliminating wasteful spending. This decision includes cuts across various programs, particularly those related to emissions, diversity initiatives, and artificial intelligence, raising scrutiny over Pentagon expenditures. While some defense contractors like Booz Allen and Gartner have seen stock declines in response to these cuts, Palantir remains resilient. Additionally, the cuts have sparked discussions about needed reforms within the Department of Defense as more wasteful spending is uncovered.