USA Rare Earth, LLC, which is providing funding and development of a rare earth mineral site in Texas, has acquired a domestic manufacturing capability to allow it and its partners to mine, process and produce rare earth magnets and related materials in the U.S., thereby reducing dependency on ...

The advanced engineering solutions company Aegis Technologies has acquired Excivity, giving it new technology capabilities and adding key customers in the intelligence community and Defense Department. Terms of the deal were not disclosed. Following the deal, Aegis has about $150 million in annual ...

Boeing [BA] on Sunday said it would extend until further notice a temporary suspension of its production operations in the Puget Sound region of Washington State due to continuing challenges stemming from the COVID-19 pandemic. The company previously initiated a two-week temporary suspension of its ...

Aerospace and defense suppliers Woodward Inc. [WWD] and Hexcel Corp. [HXL] on Monday announced they have mutually terminated their merger agreement, saying the ongoing coronavirus pandemic has limited the benefits to the combination. “While we both believed from the outset, and continue to ...

House Intelligence Committee Chairman Adam Schiff (D-Calif.) last Friday said he has begun circulating a draft bill to create a bipartisan, 9/11-style commission to review the nation’s preparedness for and response to the ongoing pandemic and to provide recommendations to strengthen response ...

Raytheon Technologies [RTX] CEO Greg Hayes last Friday said that the company will transfer some of its commercial workers to defense projects to help the newly merged aerospace and defense giant maintain its workforce with the coming downturn in the commercial aerospace market. “We’ve got a ...