In a blow to Fluor [FLR] and Amentum, the National Nuclear Security Administration (NNSA) said Monday it canceled a potentially 10-year, $28 billion contract for a joint venture of the two companies to manage the agency’s main nuclear-weapon production sites. The semiautonomous Department of ...

Warren Lichtenstein, the executive chairman of Aerojet Rocketdyne [AJRD] whose investment firm Steel Partners [SPLP] owns a minority share of the company’s stock and controls four of its eight board seats, was actively seeking to replace Aerojet CEO Eileen Drake with himself or his handpicked ...

Ending more than two months of speculation about a potential buyer, ManTech International Corp. [MANT] on Monday said it has agreed to be acquired by the private equity firm Carlyle [CG] for $96 per share representing an enterprise value of about $4.2 billion. The transaction is expected to close ...

RTX Ventures, a capital investment group recently set up by Raytheon Technologies [RTX], on Thursday said it made a strategic investment in the start-up company Hermeus Corp., which is developing hypersonic aircraft for commercial and defense applications. The value of the investment wasn’t ...

Earnings fell at BWX Technologies [BWXT] in the first quarter, which the company attributed Monday to pension issues and lower productivity in the naval reactors business. Net earnings for the first quarter were $59 million, or $0.64 per share, down from $69.7 million, or $0.73 a share, in the ...

Lockheed Martin [LMT] is aiming to nearly double its production capacity for Javelins from 2,100 up to 4,000 per year, a process the company’s chief executive officer said may take “a number of months, maybe even a couple of years.” Jim Taiclet, CEO of Lockheed Martin, said Sunday during an ...