AECOM [ACM] said Monday it plans next year to spin off its multibillion-dollar government contracting branch into a separate publicly traded company. The Board of Directors to the Los Angeles-based infrastructure multinational unanimously signed off on the separation, which is expected to occur in ...

France’s Naval Group and Italy’s Fincantieri signed a joint venture agreement on June 14 that delineated the terms of incorporation for a new 50/50 owned company. The companies signed an Alliance Cooperation Agreement on June 14 after both companies’ boards of directors approved what is being ...

Boeing [BA] projects that the global market for defense and space opportunities over the next decade will be worth $2.5 trillion, part of an $8.7 trillion forecast for the overall aerospace and defense market through 2028. Defense and space spending are projected to be relatively stable, growing at ...

Peraton on Monday said it has agreed to acquire Solers, Inc., a provider of software and systems integration for the space market, a deal that bolsters its capabilities and solutions offerings in this area. Terms of the acquisition were not disclosed. Solers is an employee-owned firm based in ...

PARIS AIR SHOW–Bolstered by its win in February in the U.S. Army Improved Turbine Engine Program (ITEP), General Electric [GE] sees a bright decade ahead in military and commercial aircraft engines. Tony Mathis, vice president and general manager of GE military systems; Bill Fitzgerald, vice ...

Bolstering its capabilities in artificial intelligence (AI), France’s Thales said earlier this month that it acquired Ohio-based Psibernetix, which has developed processes that enable AI decisions to be mathematically verified and validated so that Thales can create Certifiable AI that is ...