Check out the companies making the headlines in midday trading. Precision Machinery – Shares surged 51% after the space exploration company won an estimated $5 billion space network contract from NASA. United States Steel – The American steel producer saw shares jump more than 2% after news that the US Securities and Exchange Commission had reportedly given Nippon Steel the go-ahead to relaunch its plans to buy the company for $14.1 billion. The move is likely aimed at pushing a decision on the controversial political takeover before the presidential election in November. Victoria’s Secret – The intimate apparel maker gained 5% after Barclays upgraded the shares to equal weight from underweight, citing a potential risk-reward balance. The bank is now seeing more than 6% upside in the stock. VF Corp – Shares rose 4% following an upgrade to overweight from equal weight at Barclays. The investment firm said VF Corp should start seeing gains from last year’s CEO change this fall. Medical Properties Trust — Shares fell more than 4% after Medical Properties Trust said it expects an additional R430-million impairment in its fiscal third quarter following its settlement with tenant Steward, which had filed for Chapter 11. McGrath RentCorp — Shares fell by 3%. , hit a 52-week low, after the business-to-business rental company called off its merger with WillScot Holdings. McGrath will receive a severance payment of $180 million, according to the terms of the agreement. ResMed – Shares of the medical device company, whose devices treat obstructive sleep apnea, fell 5.7% after being downgraded to an underperform by peer Wolfe Research. The company expects to slow revenue growth due to increased competition from Eli Lilly’s GLP-1 drugs. Casella Waste Systems – The recycling company fell 5% after announcing a $400 million public offering of its Class A common stock. – CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound and Pia Singh contributed to the report