Business/Financial
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Business/FinancialDoJ Blesses UTC, Raytheon Merger But Requires UTC To Divest Space Optical Business
The Department of Justice last Thursday evening agreed to the pending merger between United Technologies Corp. [UTX] and Raytheon [RTN] with one final caveat, that UTC divest its space-based optical […]
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Business/FinancialLockheed Martin Advancing $50 Million To Suppliers As Part Of Virus Response
Lockheed Martin [LMT] last Friday announced a number of initial steps it is taking to help the nation and its local communities in response to the coronavirus pandemic, including making […]
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Business/FinancialSo Far, Little Impact On SAIC From Pandemic, Keene Says
The spreading global pandemic so far has had “minimal impact” on the operations of Science Applications International Corp. [SAIC] due to the company’s readiness plans as well as the nature […]
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Business/FinancialRaytheon Awards Aerojet $1 Billion Sourcing Deal For Standard Missile Propulsion Systems
Raytheon [RTN] on Thursday said it has agreed to a $1 billion strategic sourcing agreement with Aerojet Rocketdyne [AJRD] for the supply of propulsion systems for Standard Missile (SM) programs […]
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Business/FinancialCGI To Acquire Federal IT Consulting Firm TeraThink
CGI Inc. [GIB] on Wednesday said it has agreed to acquire TeraThink, a provider of information technology services to the U.S. federal government. Terms of the deal, which is expected […]
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Business/FinancialDoD Using ‘Heat Map’ To Monitor Supply Chain; Creates Portal To Assess Industry Health
The Defense Department has created a new tool to keep tabs on the health of the defense industry supply chain during the COVID-19 pandemic and has established a portal to […]
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BudgetSASC Transitions to ‘Paper Hearings’ During Coronavirus Pandemic
The Senate Armed Services Committee’s future hearings will consist of written responses submitted to the committee within one week of the hearing date as lawmakers work to adhere to government […]
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Business/FinancialNo Major Impacts To Industry Workforce From Pandemic So Far, Lord Says
So far amid the ongoing pandemic the “vast majority” of the defense industrial base is still on the job, Pentagon Acquisition Chief Ellen Lord said on Wednesday. Lord couldn’t quantify […]
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Business/FinancialRocket Lab Pauses Launch Prep for NASA, NRO-Packed Missions Due to COVID-19
Rocket Lab has temporarily ceased preparations for its upcoming launch previously scheduled for the end of this month to protect its team from the COVID-19 coronavirus pandemic, the company said […]
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Business/FinancialHyundai Hires Scott Drennan, Former Bell Vice President of Innovation, for Air Taxi Project
South Korean automaker Hyundai [HYMTF] continues to snap up key talent for its urban air mobility (UAM) division, hiring Scott Drennan, former head of Bell’s [TXT] innovation team and architect […]