Business/Financial
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Business/FinancialCounter-Drone Work Leads Leonardo DRS To Strong Third Quarter
Supported by the breadth of its programs, in particular counter-unmanned aircraft (C-UAS) systems and related products, Leonardo DRS [DRS] on Wednesday strong third quarter financial results. Net income jumped 26 […]
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Business/FinancialCharge On 777X Commercial Aircraft Dings Boeing’s Earnings And KC-46 Program
Boeing [BA] on Wednesday reported narrower losses in its third quarter despite a hefty charge related to the 777X commercial aircraft, while the company’s defense segment continued to show signs […]
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Business/FinancialBill Lynn Retiring, COO John Baylouny To Lead Leonardo DRS
Long-time Leonardo DRS [DRS] Chairman and CEO Bill Lynn will retire at the start of next year and company veteran and chief operating officer (COO) John Baylouny will become president […]
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Advanced / Transformational TechnologyX-59 Flies For First Time From USAF Plant 42
The X-59 supersonic aircraft by Lockheed Martin‘s [LMT] Skunk Works division had its first flight from U.S Air Force Plant 42 in Palmdale, Calif., the company said on Tuesday. Billed […]
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Navy/USMCHII And South Korea’s Hyundai Agree To Jointly Bid For Navy Auxiliary Ships
HII [HII] and South Korea’s HD Hyundai Heavy Industries (HHI) over the weekend signed a memorandum of agreement (MoA) to start “deeper collaboration” between the firms, including jointly bidding on […]
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Business/FinancialAfter Union Narrowly Rejects Contract Offer, Boeing Says Focused On Contingency Plan
Boeing [BA] on Sunday said its defense business is focusing on the “next phase of our contingency plan” after union members voted against the company’s latest contract offer. Exactly what […]
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SpaceVoyager Acquires Spacecraft Electric Propulsion Supplier ExoTerra
Voyager Technologies [VOYG] on Monday said it has acquired ExoTerra Resource in a deal that gives it capabilities in compact electric propulsion systems used to maneuver satellites in orbit. Terms […]
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Business/FinancialGD Posts Strong Third Quarter Results On Aerospace, Shipbuilding
General Dynamics [GD] last Friday reported strong third quarter financial results largely due to its Aerospace and Marine Systems segments, continuing a sturdy run of top and bottom-line gains all […]
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Business/FinancialToni Townes-Whitley Departs SAIC, Ex-Leidos CFO Named Interim Chief
Science Applications International Corp. [SAIC] after the stock market close Thursday afternoon said James Reagan, former chief financial officer (CFO) of Leidos [LDOS], has been appointed interim CEO effective immediately, […]
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Advanced / Transformational TechnologySaronic Collaborating With NVIDIA To Advance Maritime Autonomy
Saronic Technologies on Thursday said it has partnered with computer chip developer NVIDIA [NVDA] to deepen and expand their existing relationship to accelerate the benefits of artificial intelligence technology for […]