Business/Financial

Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots, including in degraded […]

Raytheon Technologies [RTX] on Tuesday said it will establish its global headquarters in Northern Virginia, close to many of its government customers in the Washington, D.C., area, a move that […]

Science Applications International Corp. [SAIC] on Monday reported lower earnings on higher indirect costs in its first quarter of 2023 despite a solid increase in sales. Net income fell 11 […]

Amentum, leading contractor for the Department of Energy and other government agencies, last week outlined management roles for a new National Security business group that the Maryland-based company is putting […]

Israel’s Rafael Advanced Defense Systems Ltd. last Friday said it has acquired California-based PVP Advanced EO System (PVP AEO), a deal that expands its presence in the U.S. Terms of […]

Fairbanks Morse Defense (FMD) on Thursday said it has acquired Research Tool & Die (RT&D), a small manufacturer of electrical hardware components used in naval ships, adding to its turnkey […]

Shareholders of Aerojet Rocketdyne [AJRD] on June 30 will get a chance to vote for a new slate of board of directors, a delay of nearly two months from the […]

TransDigm Group [TDG] on Wednesday said it has completed its $360 million cash acquisition of DART Aerospace from the private equity firm Greenbriar Equity Group. The deal was first announced […]

Kratos Defense & Security Solutions [KTOS] on Tuesday said it has acquired the Engineering Division of Southern Research for $80 million, adding a new research and development campus and capabilities […]

HII [HII] on Monday said its nuclear shipbuilding division plans to hire 5,000 people this year and nearly 21,000 within the next decade to meet the Navy’s shipbuilding needs for […]