Business/Financial

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 […]

While Boeing [BA] has requested a $60 billion lifeline from the federal government to cushion the impact from the COVID-19 pandemic and U.S. airlines through the Airlines for America trade […]

The White House Office of Management and Budget (OMB) needs to issue comprehensive guidance to government contracting officers authorizing them to allow federal contractors to telework on the contracts they […]

Ultra Defense Corp. (UDC) on Thursday said it has acquired MAST Technology, a manufacturer of a military ammunition, giving the company a domestic manufacturing capability. Terms of the deal between […]

Northrop Grumman [NOC] on Thursday said it can’t currently predict the impact on its business from the COVID-19 pandemic but warned investors of potential increased borrowing costs and of potential […]

MAG Aerospace on Monday said it has agreed to acquire AASKI Technology, a provider of professional services for C5ISR solutions to various defense agencies, government, allied and commercial customers. Terms […]

The Navy has awarded Pratt & Whitney [UTX] a $319.8 million contract modification for 32 new engines for the Pentagon’s F-35 Joint Strike Fighter. The modification exercises an option for […]

At least two defense analysts pointed to the commercial experience James Taiclet, the incoming president and CEO of Lockheed Martin [LMT], brings when he takes the helm of the defense […]

Rocket Lab has reached an agreement to acquire Sinclair Interplanetary, a Toronto-based satellite hardware company, the small satellite launch company said March 16. “By combining the experience and capabilities of […]

Lockheed Martin [LMT] on Monday said that Marillyn Hewson on June 15 will retire as president and CEO of the nation’s largest defense contractor and be succeeded by James Taiclet, […]