Boeing [BA] on Tuesday said its board has extended the mandatory retirement age for current CEO Dave Calhoun from age 65 to 70, providing stability at the top of the company’s leadership as it continues to navigate the return to service of its 737 MAX commercial aircraft and impacts to operations ...

Lockheed Martin [LMT] on Tuesday posted solid results in its first quarter with earnings and sales higher and the company increased its outlook this year for the top and bottom lines. The higher earnings in the quarter were aided by a gain in the company’s Ventures Fund business that invests in ...

Shipbuilder Bollinger Shipyards on Monday said it has acquired Gulf Island Fabrication, Inc.’s [GIFI] shipyard division and facilities in a $26.4 million deal that expands its capacity and capabilities to serve its defense and commercial customers. Terms of the deal include an additional $2.2 ...

TransDigm Group Inc.’s [TDG] Belgium-based Technical Airborne Components (TAC) business unit on Tuesday said it has agreed to be acquired by the private equity firm Searchlight Capital Partners. Terms of the deal were not disclosed. TAC, which has about 170 employees, manufactures rods and struts ...

Elbit Systems of America on Tuesday said it has completed its $380 million acquisition of Sparton Corp. in a deal that expands its work on naval systems. The acquisition also expands Elbit America’s footprint in the U.S. Elbit America is a subsidiary of Israel’s Elbit Systems [ESLT]. Sparton, ...

Lockheed Martin [LMT] on Monday named Bridget Lauderdale as the new head of its F-35 strike fighter program, succeeding Greg Ulmer, who became executive vice president of the company’s Aeronautics group on Feb. 1 following the death earlier this year of Michele Evans. Lauderdale is currently vice ...