Business/Financial
-
Business/FinancialUSA Rare Earth Closes Domestic Supply Chain With Acquisition Of Manufacturing Capability
USA Rare Earth, LLC, which is providing funding and development of a rare earth mineral site in Texas, has acquired a domestic manufacturing capability to allow it and its partners […]
-
Business/FinancialDoE Delays Decision About Extending Nuke Production Contract
Because of COVID-19, Consolidated Nuclear Security, site management and operations contractor for two of the Department of Energy’s weapons-production sites, will wait perhaps until June to find out what fee […]
-
Business/FinancialAegis Technologies Acquires Excivity, Boosting Cyber And Intel Capabilities And Customers
The advanced engineering solutions company Aegis Technologies has acquired Excivity, giving it new technology capabilities and adding key customers in the intelligence community and Defense Department. Terms of the deal […]
-
Business/FinancialGoldfein: Extension of COVID-19 Travel Hold Could Go Through July
U.S. military members should expect an updated decision about stop-movement orders related to the COVID-19 coronavirus pandemic from the Pentagon within the next couple of weeks, Air Force Chief of […]
-
Business/FinancialBoeing Extends Suspension Of Puget Sound Production Operations Indefinitely
Boeing [BA] on Sunday said it would extend until further notice a temporary suspension of its production operations in the Puget Sound region of Washington State due to continuing challenges […]
-
Business/FinancialNDIA Announces Annual SOFIC Conference Will Be Virtual
The National Defense Industrial Association’s annual Special Operations Forces Industry Conference will be held in May as scheduled, but over the internet rather than its traditional locale of Tampa, Florida. […]
-
Business/FinancialWoodward, Hexcel Call Off Merger Due To Coronavirus Impacts
Aerospace and defense suppliers Woodward Inc. [WWD] and Hexcel Corp. [HXL] on Monday announced they have mutually terminated their merger agreement, saying the ongoing coronavirus pandemic has limited the benefits […]
-
ArmyBoeing Pauses Production At Philadelphia-Area Facility Due To Pandemic Impact
Boeing [BA] has halted work at its production facility outside of Philadelphia, where it manufactures aircraft such as the H-47 Chinook heavy-lift aircraft, the V-22 Osprey tiltrotor and the MH-139A […]
-
Business/FinancialTo Cope With Commercial Crisis, Raytheon Technologies Will Transfer Some Workers To Defense
Raytheon Technologies [RTX] CEO Greg Hayes last Friday said that the company will transfer some of its commercial workers to defense projects to help the newly merged aerospace and defense […]
-
Air ForceAir Force to Release $882 Million in Previously Withheld KC-46 Funds to Boeing
The Air Force and Boeing [BA] signed two new agreements regarding to the KC-46A Pegasus program on Thursday, with one intended to provide the aerospace company with cash flow during […]