Northrop Grumman [NOC] and Italy’s Leonardo this week said they will jointly pursue global opportunities in the market for vertical take-off and landing (VTOL) uncrewed aerial systems (UAS). The companies said the partnership will leverage Northrop Grumman’s expertise in advanced aircraft and ...

The Federal Trade Commission (FTC) on Wednesday voted to rescind year-old guidelines to help companies comply with laws governing mergers and acquisitions of other businesses within their supply chain, a decision that two dissenting commissioners said clouds the legal landscape for businesses to ...

The private equity firm AE Industrial Partners (AEI) on Tuesday said it acquired Jennings Aeronautics, Inc. (JAI), a designer, developer and manufacturer of small unmanned aircraft systems (SUAS). The firm is combining it with its portfolio company UAV Factory, scaling the company and further ...

Raytheon Technologies [RTX] on Tuesday said it has agreed to acquire SEAKR Engineering in a deal that strengthens its space business with a suite of space electronics products. Terms of the deal, which is subject to regulatory approvals, were not disclosed. Colorado-based SEAKR has more than 540 ...

Making a jump to have its own in-house capabilities to design and manufacture satellites, Britain’s BAE Systems on Tuesday said it has acquired another United Kingdom-based company, In-Space Mission, which is currently designing and building a series of satellites for various customers. The ...

Fairbanks Morse Defense (FMD) on Monday said it has acquired Hunt Valve Company, a supplier of valves and actuators for the Navy, industrial, and energy customers, adding a new product portfolio and boosting its aftermarket support capabilities. Terms of the deal were not disclosed. Hunt Valve, ...