Business/Financial
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Business/FinancialREPKON USA Acquires GD Metal Parts Business
REPKON USA on Wednesday said it has acquired a General Dynamics [GD] business that manufactures metal parts for the company’s Ordnance and Tactical Systems (OTS) division. Terms of the deal […]
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PentagonDoD Strategic Capital Office Receives $9 Billion In Loan Applications
The Defense Department’s new loan program to boost investment in critical manufacturing areas garnered $8.9 billion financing requests against a loan capacity of $984 million, the department said on Tuesday. […]
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Business/FinancialL3Harris Closes $800 Million Sale Of Commercial Aviation Solutions Business
L3Harris Technologies [LHX] on Monday said it has completed the sale of its Commercial Aviation Solutions (CAS) business to the investment firm TJC L.P. for $800 million, shedding a non-core […]
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Business/FinancialAllen Control Systems Nets $30 Million To Speed Deployment Or Robotic Gun Platform
Allen Control Systems (ACS) last week said it raised $30 million in a Series A round to accelerate its engineering growth and deployment of its Bullfrog counter-drone robotic gun system. […]
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Business/FinancialLockheed Martin To Integrate Google Cloud AI Technology Into Toolkit
Lockheed Martin [LMT] and Google’s [GOOG] Public Sector business said they plan to collaborate on integrating advanced generative artificial intelligence capabilities into a larger AI workspace the aerospace and defense […]
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InternationalPortuguese Air Force Analyzing Options for F-16 Replacement
LISBON, Portugal–While the Portuguese defense minister recently downplayed the Lockheed Martin [LMT] F-35 fighter as a candidate to replace the country’s 28 F-16s, the F-35 may still be in the […]
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Navy/USMCSouth Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent
A major South Korean conglomerate this week purchased a significant stake in Australian shipbuilder Austal, with hopes of expansion. On March 18 Hanwha Group said it acquired a 9.9 percent […]
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InternationalChair of Danish Parliament Defense Committee Warns NATO Countries on Buy of U.S. Military Equipment
The chairman of the Danish Parliament’s defense committee advised NATO countries on Wednesday to avoid the buy of U.S. military equipment, including Lockheed Martin [LMT] F-35s fighters. “As one of […]
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Business/FinancialMach Industries Plans Own Jet Engine Factory To Power Cruise Missiles, UAVs
Mach Industries, the startup developing long-range weapons for the U.S. and its allies, this year plans to begin construction of a factory to produce microturbines that power cruise missiles and […]
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Business/FinancialBooz Allen, Shield AI Partner On Autonomous Solutions For U.S. Military
Booz Allen Hamilton [BAH] and Shield AI are collaborating to bring artificial intelligence-powered autonomous solutions to warfighters. The partnership leverages Booz Allen’s mission expertise and Shield AI’s Hivemind autonomous pilot […]
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