Business/Financial
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Business/FinancialBoeing’s Losses Narrow In First Quarter Amid Strong Sales; No ‘Undue Risk’ In F-47 Contract
Boeing [BA] on Wednesday reported significantly lower losses in its first quarter as losses narrowed in its Commercial Airplanes segment and the defense and services segments notched modest gains, while […]
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Business/FinancialGD Opens 2025 With Strong Results Led By Aerospace
Just as it closed 2024, General Dynamics [GD] opened 2025 financial results with double-digit top and bottom-line increases powered by gains across its operating segments, in particular Aerospace which benefited […]
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Business/FinancialBoeing Selling Some Of Its Digital Aviation Solutions Business For $11 Billion
Boeing [BA] on Tuesday said it has agreed to sell portions of its Digital Aviation Solutions business for $10.6 billion in cash to the software investment firm Thoma Bravo, a […]
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Business/FinancialEarnings Dip Despite Higher Sales At RTX On Divestiture; Sees Potential $850 Million Hit From Tariffs
RTX [RTX] on Tuesday reported solid sales gains in its first quarter but earnings fell due to the divesture a year ago of its former Cybersecurity, Intelligence and Services business. […]
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Business/FinancialLockheed Will Leverage NGAD Investment For F-35+ To Approach 6th Gen Aircraft At Half Cost
Despite losing out on a potential new franchise aircraft program, Lockheed Martin [LMT] will leverage its investments in the Air Force’s Next-Generation Air Dominance (NGAD) platform for upgrades of its […]
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Business/FinancialNorthrop Takes $397 Million B-21 Charge To Accelerate Production Rates, Prep For Program Increase
A manufacturing process change that will allow Northrop Grumman [NOC] to reduce risk, increase production rates, and set the foundation for expanded production numbers of the B-21 stealth bomber beyond […]
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Business/FinancialMalave Departs Lockheed Martin; Evan Scott Named New CFO
Lockheed Martin [LMT] on Thursday announced the abrupt departure of Jay Malave as the company’s chief financial officer (CFO) and named Evan Scott as his successor, effective immediately. Malave, who […]
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Advanced / Transformational TechnologyAutonomous Technology Company Scout AI Exits Stealth With $15 Million Seed Round
Scout AI, a year-old startup developing an autonomous platform for defense robotics, on Wednesday emerged from stealth with an oversubscribed $15 million seed round led by Align Ventures and Booz […]
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Business/FinancialSaronic Acquires Gulf Coast Shipbuilder; Introduces 150-Foot USV
Saronic on Wednesday said it has acquired Louisiana-based Gulf Craft, a small shipbuilder that gives it a strategic location on the Gulf Coast and facilities to immediately support development and […]
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Business/FinancialAUV Developer Vatn Systems Employs Palantir To Scale Manufacturing
Joining other defense technology startups that are leveraging Palantir Technologies’ [PLTR] software manufacturing platform, Vatn Systems on Wednesday said they have partnered with the company to help as it transitions […]
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