Business/Financial
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Unmanned SystemsPDW Eyes Supplying Parts To Support U.S. Production Of One Million Drones Annually
Performance Drone Works (PDW), which last week received a conditional loan commitment from the Defense Department to supercharge its capacity and capabilities for making key drone components, expects to support […]
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Unmanned SystemsCounter-Drone Laser Developer Aurelius Raises $40 Million To Expand
Aurelius Systems on Wednesday said it has raised $40 million in a Series A round that will help with development of its counter-drone laser system, expand its operations and production, […]
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Business/FinancialAcquisition, Joint Venture Costs Send Net Income Down At Leidos In Second Quarter
Leidos [LDOS] on Tuesday posted lower earnings in the second quarter stemming from costs related to the acquisition earlier this year of an energy infrastructure company and the pending standup […]
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Business/FinancialAE Industrial Partners Completes Acquisition Of Rocketdyne From L3Harris
The private equity firm AE Industrial Partners on Tuesday said it has closed its $845 million acquisition of the rocket engine and space propulsion and electronics business of L3Harris Technologies […]
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SpaceEarth Remote Sensing Company Orbital Sentry Raises Pre-Seed Funding
Orbital Sentry, which is focused on infrared imaging systems for geosynchronous orbit (GEO), on Monday said it closed a pre-seed round to begin sensor development and expand commercial and government […]
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Business/FinancialHII Turns In Strong Second Quarter On Carrier Work, Assault Ships, JVs
HII [HII] on Thursday posted strong second quarter results driven by double-digit sales gains across its shipbuilding segments and impressive operating earnings related to its work on aircraft carriers and […]
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Business/FinancialL3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
L3Harris Technologies [LHX] on Wednesday evening said it has paused the planned initial public offering (IPO) of its Missile Solutions segment because market interest does not recognize the value the […]
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Business/FinancialLeonardo DRS To Acquire Data Fusion Company Raft For $450 Million
Leonardo DRS [DRS] on Tuesday said it has agreed to acquire Raft LLC for $450 million in cash that adds capabilities in open architecture software around data fusion and artificial […]
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Business/FinancialAerospace, Shipbuilding Drive Strong Second Quarter At General Dynamics
General Dynamics [GD] on Wednesday reported strong second quarter results led by its business jet and aircraft services, and shipbuilding segments, which both delivered double-digit top and bottom-line increases. Net […]
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Navy/USMCHII Adds Outsourcing To Amphib Construction; Australian Official Visits
HII’s [HII] Ingalls Shipbuilding Division on Monday announced it was expanding its use of outsourcing to include modular construction on amphibious warships, starting with the future USS Philadelphia (LPD-32) San […]
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