Business/Financial
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Business/FinancialLockheed Martin To Take $1.5 Billion Charge After Transferring Pension Obligations
Lockheed Martin [LMT] on Monday said it will take a $1.5 billion non-cash charge when it reports second quarter financial results after purchasing group annuity contracts that will see it […]
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Business/FinancialDrake Faction Touts Backing Of Independent Proxy Advisors Ahead Of Shareholder Meeting
The leading proxy advisory firms that aid institutional investors in voting their shares at annual and special meetings are backing Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake and her […]
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Business/FinancialLeonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public
Leonardo DRS on Tuesday said it has agreed to acquire Israel’s RADA Electronic Industries [RADA] in an all-stock merger that will strengthen its position in force protection as an integrator […]
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Business/Financial
Judge Rules For Some Of Lichtenstein’s Claims, Says Both Aerojet Factions Have Qualified Slates
A Delaware court last Thursday ruled in favor of some of the dissident Aerojet Rocketdyne [AJRD] directors’ claims against the company’s CEO Eileen Drake and her faction on the board […]
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Business/FinancialQuantic Acquires Small Microwave Components Company
Defense electronics company Quantic Electronics on Tuesday said it has acquired Microwave Dynamics, a small company specializing in microwave and millimeter wave components for aerospace, defense and industrial markets. Terms […]
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Business/FinancialBWX Technologies Acquires Naval Vessel Parts Suppliers
BWX Technologies [BWXT] in April acquired Cunico Corp. and Dynamic Controls Ltd., sister companies that manufacture parts for global naval ships and submarines and liquified natural gas commercial shipping vessels. […]
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Business/FinancialBoeing’s Communications Chief Dandridge Departs
Ed Dandridge, who joined Boeing [BA] nearly two years ago as its chief communications officer, has left the company for personal reasons. Dandridge resigned from the company on June 2, […]
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Business/FinancialGM Defense Creates International Unit
General Motors’ [GM] defense business has stood up a new entity to tap into international needs and market its products and capabilities globally. “Forming GM Defense International will drive our […]
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Business/FinancialLow-Cost Radar Developer Echodyne Closes $135 Million Investment Round
Echodyne on Monday said it has closed a $135 million fundraising round that it will use to expand its workforce in all areas, including sales and marketing, product development and […]
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CongressPair Of Democrats Want DoD To Review Impacts Of Northrop Grumman Purchase Of Orbital ATK
In the wake of the Federal Trade Commission’s (FTC) rejection earlier this year of Lockheed Martin’s [LMT] proposed acquisition Aerojet Rocketdyne [AJRD] on grounds that it would reduce competition for […]