A component issue that has prompted delays of two scheduled launches this summer aboard United Launch Alliance (ULA) rockets will not translate over to the joint venture’s forthcoming space vehicle, the CEO said July 19. “This is a routine thing that happens” building up to a launch, said ...

Parsons Corp. [PSN] on Monday said it has agreed to acquire QRC Technologies for $215 million in cash in a deal that expands its work in the defense and intelligence markets and its offerings in signals intelligence and radio frequency areas. QRC, which is based in Fredericksburg, Va., is owned by ...

The Government Accountability Office (GAO) earlier this month denied two protests by L3Harris Technologies [LHX] of a Transportation Security Administration (TSA) contract award to Smiths Detection for the first tranche of new scanning systems to screen carry-on bags at airport checkpoints. The ...

Problems related to the ongoing grounding of airlines’ fleets of Boeing’s [BA] 737 MAX passenger airplanes led the company on Thursday to announce it will take a $4.9 billion after-tax charge in its second quarter financial results, which will be released on July 24. The charge will chop $8.74 ...

Textron‘s [TXT] second quarter 2019 financial results were mixed, as the company reported $3.2 billion in revenue, $500 million lower than last year, but earnings per share of $.93, compared to $.87 last year. CEO Scott Donnelly told financial analysts in a July 17 conference call that he ...

Army Secretary Mark Esper received scrutiny from members of the Senate Armed Services Committee over his past experience as a lobbyist for top defense contractor Raytheon [RTN] during his July 16 confirmation hearing as the Secretary of Defense nominee. Presidential hopeful and committee member Sen. ...