Business/Financial
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Business/FinancialInterim SAIC CEO Consolidating Operational Structure; Several Departures Announced
Science Applications International Corp. [SAIC] on Thursday said it is restructuring from five business groups into three to improve efficiency and customer focus. The reorganization follows closely on the heels […]
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Business/FinancialBoeing Machinists Vote To End Strike; Return To Work Sunday Night
Defense workers at Boeing’s [BA] military aircraft and munitions operations in the St. Louis region on Thursday voted overwhelmingly to end their three-month-plus-long strike, with plans to return to work […]
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Advanced / Transformational TechnologyAnduril, UAE’s EDGE Group Form Joint Venture; Initial Focus On Omen Autonomous Air Vehicle
Anduril Industries and United Arab Emirates-based EDGE Group on Thursday announced a new joint venture focused on autonomous systems for defense and civil applications with the product being the co-developed […]
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SpaceRemote Sensing Could Help Fill Void In On-Site Nuclear Inspections, FAS Says
Government and commercial imagery could help fill a void in on-site nuclear inspections, given the upcoming lapse in the New START Treaty protocol next February, according to a new report […]
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Business/FinancialForterra Raises $238 Million To Bolster C3, Production Efforts
Autonomous technology startup Forterra has raised $238 million in a new funding round to be put toward command, control and communications systems, and increasing production capacity, the company said on […]
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ArmyNeros Nabs Spot On Army Program For Cheap, Small Drones
Neros Technologies on Monday said it is one of three vendors selected by the Army to provide relatively inexpensive first person view (FPV) drones for use at the platoon level. […]
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Business/FinancialRaytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant
RTX‘s [RTX] Raytheon and Lockheed Martin [LMT] have signed Memoranda of Understanding (MOU) with Italy’s Avio SpA to help build a “state of the art” solid rocket motor (SRM) plant […]
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Business/FinancialNorthrop Grumman Hires CFO From Outside Defense Industry
Northrop Grumman [NOC] on Thursday said that Ken Crews, the company’s chief financial officer (CFO) is leaving the company, and will be succeeded by John Greene, who most recently was […]
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Business/FinancialFirefly Completes $855 Million Acquisition Of SciTec
Firefly Aerospace [FLY] on Wednesday said it has closed its acquisition of SciTec, Inc., in an $855 million deal that adds data processing, analytics, and classified facilities. Deal terms included […]
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Business/FinancialKratos Forecasts Strong Organic Growth Through 2027
In 2027, Kratos Defense & Security Solutions [KTOS] is projecting organic sales growth of 28 to 23 percent over 2026, which the company is also forecasting to be a strong […]