Business/Financial
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Business/FinancialCollins Aerospace Acquires Dutch Composites Manufacturer
Collins Aerospace, a business segment of Raytheon Technologies [RTX], this week said it has acquired Dutch Thermoplastics Components (DTC), a developer and manufacturer of thermoplastic parts used mainly on commercial […]
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Business/FinancialNorthrop Grumman Names Tom Wilson New Chief Of Space Systems
Northrop Grumman [NOC] on Thursday said it has appointed Tom Wilson as president of its Space Systems segment effective Jan. 1, 2022, succeeding Blake Larson who is retiring next February. […]
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Business/FinancialGovernment Spending On R&D ‘Dangerously Low,’ Warns Northrop’s Warden
The U.S. government needs to up its investments in research and development (R&D) if it wants innovative capabilities that go beyond what the commercial sector provides, Northrop Grumman [NOC] Chief […]
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Business/FinancialDoE Nixes Huge Site Management Competition Over Concerns With Nuclear Weapons Work
Before it even started, the Department of Energy this week canceled a competition for a Savannah River Site management and operations contract worth billions, citing an increase of National Nuclear […]
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Business/FinancialBAE To Acquire Bohemia Interactive, Software Developer For Training Solutions
BAE Systems last Thursday said it has agreed to acquire Bohemia Interactive Simulations (BISim), a developer of simulation training solutions for military organizations. Terms of the deal, which requires regulatory […]
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Business/FinancialAustal USA Takes Over West Coast Repair Facility
Austal USA said it received approval to assume the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, the company said on Tuesday. Austal […]
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Business/FinancialAviation Business To Remain With GE As Corporate Giant Plans Breakup
General Electric [GE] on Monday announced plans to split into three separate companies starting in two years with the $22 billion aviation business retaining the legacy parent name, allowing it […]
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Business/FinancialViasat to Acquire Inmarsat in $7.3B Satellite Industry Consolidation Deal
Viasat [VSAT] will acquire Inmarsat in a $7.3 billion deal that brings together two major satellite operators with businesses in broadband, mobility, and defense. Viasat announced the deal Monday which entails $850 […]
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Business/FinancialBlueHalo Acquires C-UAS Company Citadel Defense
BlueHalo on Monday said it has acquired Citadel Defense in a deal that complements its existing capabilities in countering unmanned aircraft systems (C-UAS) with a family of radio frequency (RF)-based […]
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Business/FinancialWhite House Extends Vaccine Deadline to Jan. 4
The Biden administration has postponed a deadline from Dec. 8 to Jan. 4 next year for federal contractors, including defense firms, to have their workers on “covered contracts” be fully […]
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