The Eurosatory international defense trade show in Paris scheduled for June 8-12 has been canceled due to the ongoing coronavirus outbreak. Organizers of the event confirmed the decision on Thursday, noting safety concerns for the expected 100,000 visitors and ongoing challenges for exhibitors’ ...

Raytheon [RTN] is out of the Army’s Precision Strike Missile (PrSM) prototyping program following the service’s decision to not provide the company with additional funding, leaving Lockheed Martin [LMT] as the sole competitor. “The Army made a decision not to provide additional funding to ...