Business/Financial
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Navy/USMCHundreds of Bath Iron Works Ship Designers Go On Strike
A union of ship designers at shipbuilder General Dynamics [GD] Bath Iron Works (BIW) went on strike Monday after members rejected the company’s new four-year contract proposal last weekend. The […]
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Business/FinancialLockheed Martin, Workers Building F-35, Begin Contract Negotiations
The union representing about 5,000 Lockheed Martin [LMT] employees that work on the F-35 fighter opened contract negotiations on Thursday with the company. International Association of Machinists and Aerospace Workers […]
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Business/FinancialShield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot
Shield AI on Thursday said it has raised $2 billion in new funding, including a $1.5 billion Series G round to buy defense software firm Aechelon and continue development of […]
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Business/FinancialPDW Raises $110 Million To Expand Offerings, Increase Drone Production
Drone startup Performance Drone Works (PDW) has raised $110 million in a new funding round to expand its product offerings, ramp production and pursue other strategic programs. The Series B […]
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Business/FinancialDoD In New Framework Deals To Speed Production Of PrSM, THAAD Seekers, Various Subsystems
The Defense Department Wednesday morning announced additional framework agreements with Lockheed Martin [LMT], BAE Systems and Honeywell [HON] to quadruple production of Precision Strike Missiles (PrSM) and seekers for the […]
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Business/FinancialScience Committee Dem Wants Commerce Department To Explain USA Rare Earth Investment
The top Democrat on the House Science, Space, & Technology Committee is alarmed over the Commerce Department’s pending $1.6 billion investment in a critical minerals company, noting that details remain […]
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PentagonFunding To Support Multi-Year Missile Production Deals Expected In Iran Supplemental, FY ’27 Request
Spending to back up framework agreements the Pentagon has negotiated with at least two defense contractors to demonstrate long-term demand for certain missile systems will be requested in the forthcoming […]
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Business/FinancialSwarmer To Raise Up To $17.25 Million In IPO; Trading Starts Today
Drone autonomy company Swarmer late Monday announced its initial public offering (IPO) with three million shares of common stock priced at $5 apiece, with a 30-day option for the underwriter […]
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Business/FinancialEarnings, Sales Fall At SAIC In Fourth Quarter On Shutdown, Enterprise IT Headwinds
Science Applications International Corp. [SAIC] on Monday posted lower earnings and sales in its fourth quarter stemming from the federal government shutdown last fall, a shift away from commoditized enterprise […]
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Business/FinancialAeroVironment Expands Manufacturing Capacity, UAS Products, With ESAero Acquisition
AeroVironment [AVAV] on Monday said it has acquired Empirical Systems Aerospace, Inc. (ESAero) in a $200 million deal that adds manufacturing, design and prototyping capacity, complimentary expertise in electric and […]