Business/Financial
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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 […]
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Homeland SecurityCoast Guard Awards Eight OPC Study Contracts
The Coast Guard last Friday awarded contracts to eight shipbuilders for design studies for the follow-on detailed design and construction of the Offshore Patrol Cutter (OPC) program, which the service […]
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Business/FinancialL3Harris To Sell Electro-Optical Business Unit To American Holoptics
L3Harris Technologies [LHX] on Tuesday said it has agreed to sell its EOTech business unit to American Holoptics, part of an ongoing portfolio shaping the company is doing following the […]
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Business/FinancialViken Detection Says It Is Subject Of Lawsuit By OSI Systems
Viken Detection, a small developer and manufacturer of security detection equipment, said on Monday it is being sued by American Science & Engineering (AS&E), which is part of OSI Systems […]
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Business/FinancialDoD Boosts Progress Payment Rates To Industry; Boeing To Pause Puget Sound Operations
The Defense Department on Sunday said that senior procurement officials are taking steps to maintain the health of the defense industrial base (DIB) amid the coronavirus pandemic, including increasing the […]
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COVID-19Memo: Defense Contractors Urged by Pentagon to Stay on the Job Amid COVID-19 Pandemic
The defense industrial base is considered part of the United States’ critical infrastructure by the Department of Homeland Security, and as such has a “special responsibility” to maintain normal work […]
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COVID-19Maine Delegation Worries About COVID-19 At Bath Iron Works
This week Maine’s congressional delegation wrote to the Pentagon leadership urging them to help protect shipyard employee health amid the COVID-19 pandemic. In a letter from Senators Susan Collins (R) […]
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Business/FinancialSenate Republican Stimulus Proposal Would Help Aerospace Manufacturers
A stimulus package introduced by Senate Republicans last Thursday to help soften the blow from the burgeoning coronavirus pandemic includes loans and loan guarantees that would benefit the aerospace manufacturing […]
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Business/Financial2020’s Largest Air Show Canceled Amid COVID-19 Spread
The biennial Farnborough International Air Show has officially been canceled for 2020 as the novel COVID-19 coronavirus spreads across the globe and has shut down most of Western Europe over […]