Business/Financial

AeroVironment [AVAV] has established a new production facility for its loitering munitions, FreedomWerx, which is located in Salt Lake City, Utah and will begin manufacturing operations in the second half […]

Overall venture capital (VC) invested in European defense, security and resilience reached a record $5.2 billion in 2024, highlighting the importance of the sector amid an overall decline in VC […]

Archer [ACHR] on Tuesday said it has raised $300 million from institutional investors that it will put toward development of advanced manufacturing—to include batteries and composites—related to its hybrid-propulsion vertical […]

Defense Secretary Pete Hegseth may issue a memorandum on rapid prototyping and acquisition reform this week, as the Pentagon considers scaling up the work of the Defense Innovation Unit (DIU). […]

To help its federal customers implement a new efficiency effort across the government, Leidos [LDOS] is moving quickly with its own initiative to improve the success of its clients, the […]

Following activist shareholder pressure and a portfolio review, Honeywell [HON] on Thursday said it would separate into three separate companies, including the $15 billion Aerospace segment into its own publicly […]

HII [HII] on Thursday reported a steep decline in earnings in its fourth quarter driven by lower performance in construction of attack submarines and new aircraft carriers coupled with non-recurring […]

President Trump’s administration took a page from an unlikely book–that of former President Obama, in creating the inaptly named Department of Government Efficiency (DOGE). To get around the public meeting/comment […]

The U.S. military continues to expand its adoption of a computer vision-based artificial intelligence platform that rapidly sifts through imagery and video to detect and identify potential targets and other […]

Hidden Level on Monday said it has raised $65 million in a new funding round that will be put toward expanding manufacturing and hiring, and growing internationally. The Syracuse N.Y.-based […]