📉Stocks: D.R. Horton soars, Lockheed, GM drop; GameStop files to start an online marketplace; County Judge Tim O'Hare to run again.

The stock of Arlington-based D.R. Horton zoomed 22.33% after the company boosted its stock re-purchase outlook and posted stronger-than-expected Q3 earnings and revenue. The company is the largest homebuilder in the U.S.  

Shares of Lockheed Martin tumbled 10.94% after it reported lower second-quarter earnings because of more than $1.6 billion in program-related charges. The company posted revenue of $18.2 billion, missing the consensus estimate of $18.54 billion, and net earnings plunged to $342 million, or $1.46 a share, down from $1.6 billion, or $6.85 a share, a year ago. The decline was driven by significant write-downs tied to aerospace and helicopter programs.

Lockheed Martin has been awarded a $999-million, sole source, indefinite-delivery/indefinite-quantity contract by the U.S. Air Force for production support of the Joint Air-to-Surface Standoff Missile (JASSM) and Long-Range Anti-Ship Missile (LRASM) systems. The contract covers the entire life-cycle through 2030, including system upgrades, integration, production, sustainment, management and logistical support.

Embraer, which recently opened an aviation maintenance, repair and overhaul facility at Perot Field Alliance Airport, finished the second quarter of 2025 with a $29.7-billion backlog, a record high. 

Alden Global Capital has made an offer to buy DallasNews, which agreed to be purchased by Hearst Corp July 10. DallasNews is the owner of the The Dallas Morning News and marketing agency Medium Giant. Alden’s all-cash bid values DallasNews at $16.50 per share, 18% higher than the all-cash offer of $14 from Hearst. 

Grapevine-based GameStop made a trademark filing to the United States Patent and Trademark Office's site July 16. It indicates GameStop is likely developing an online marketplace for buying, selling and displaying collectible cards, complete with features such as authentication, payment processing and a digital animation that mimics ripping open booster packs.

Paramount Global and the creators of South Park have struck a $1.5B global streaming deal, according to the Los Angeles Times. The animated adult comedy series is from Park County, the media and entertainment company founded by Trey Parker and Matt Stone. The duo signed for $300M a year for five years and has agreed to produce 10 episodes a year.

An Appellate court has upheld the Texas law limiting cities' enforcement of local ordinances. The 2023 law, previously ruled unconstitutional by a Travis County judge, prevents cities from enforcing ordinances that don’t align with broad swaths of state law.

Fort Worth-based Cummings Electrical will relocate and expand its headquarters to a full building at Centreport Tech Center (14770 Trinity Blvd.), signing a 66,882-square-foot lease with a 10-year term and $4-million renovation plan. Jason Finch, Erik Blais and Michael W. Spain represented the landlord, Fort Capital LP, which is sharing the upgrade cost with the tenant.

Southwest Airlines announced a Jan. 27, 2026 start date for its debut of assigned seating, which will end the airline’s long-standing open-seat boarding. Options for seat selection will be at the time of booking. 

American Airlines became the first airline in the U.S. to have passengers from London Heathrow to clear U.S. Customs at a D-FW International Airport arrival gate.

Fort Worth Mayor Mattie Parker chats with Chad Gundersen, Chris Juen and Eric Nelsen to discuss the growing film industry in Fort Worth. They discuss their build-out of Out of Order Studios and explore how their work as producers on The Chosen is putting Fort Worth on the map.

Altaline Capital Management announced its first deal – a “strategic growth investment” in Brazos Safety Systems of Fort Worth. Altaline's focus is $10-$50 million equity investments. Brazos, an aviation technology company, has generated under $10 million in sales revenue, according to LeadIQ. Its CEO is Peter Henrikson.

Apple's $500-million deal with Fort Worth-based MP Materials has set off a bevy of buying and funding of startups in the mining space. Crunchbase News takes a look. 

PharmChem, Inc., based in Fort Worth and the leading provider of PharmChek sweat patches to detect drugs of abuse, has entered into a definitive agreement to be acquired by Alcohol Monitoring Systems, Inc. PharmChem shareholders will receive $3.75 per share in cash. Thompson Clark is interim CEO and a Director. 

Falck USA launched ambulance operations in Fort Worth with plans to expand across the D-FW market. The company provides advanced life support, critical care transport and 911 emergency response. Click here for more.

Stellantis – which owns Jeep, Fiat, and Chrysler – said President Trump’s tariffs cost the company $350M in the first half of 2025 and pushed the company to a record $2.7B six-month loss.

As the lead singer of Black Sabbath, Ozzy Osbourne helped invent heavy metal. On “The Osbournes,” he presented a comedic counterpoint to his rock ’n’ roll infamy. The ‘'Prince of Darkness’' passed away at 76. 

Daily digit: $6+/lb = The average price of ground beef in June, a 12% increase from a year ago, and the first-time over $6 in U.S. history, according to federal data.

Significant stat: $30.5 million = The amount a rare Ceratosaurus fossil — one of just four skeletons known to exist — sold for at auction with six serious bidders. The original estimate was $4-$6 million. The skeleton was found in 1996 in Wyoming.

Announcements:

• Tarrant County: Judge Tim O'Hare announces his re-election bid.

• TCU: Hires former assistant Justin Fuente, to its football broadcasts. 

• Valor: Adds Emma Graham as a Marketing Coordinator.

• Trinity River Vision Authority: Added Tarrant Regional Water District board member Paxton Motheral and Tarrant County Commissioner Manny Ramirez to its board. 

• Vartabedian Hester & Hayes: Adds Richard Roper, former U.S. Attorney for the Northern District of Texas and a 17-year veteran of Holland & Knight. 

• Lockheed Martin: Hires John Conklin as Project Engineer. 

• Caterpillar: Adds Annie Gimbel as Sr. Communications Consultant.

• AMN Healthcare: Chairman Emeritus, long-time investment executive and multi-time board chairman Douglas Wheat passed away.

• CEC: Promotes Cassidy Tummillo to Marketing Events Manager.

• Therapy Fort Worth and Counseling Center: Adds Ingrid Schaffenburg as a licensed Professional Counselor Associate.

• Frost Bank: Names Elizabeth Stecker Group Financial Center Manager -AVP. 

• Murco Wall Products: Hires Alex Gradev as Controller.

• Charles Schwab: Hires Rachel Williams as Communications Manager. 

• Texas FR Design: Launched by Whitney Robinson.

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