Business/Financial
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Advanced / Transformational TechnologyAir Force, Boeing Find Path Forward to Fix Major KC-46 Deficiency
The Air Force and Boeing [BA] announced April 2 that they have agreed upon a solution to fix the remote vision system on the KC-46A Pegasus, in the hopes of […]
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Business/FinancialHASC Ranking Member Releases Draft Acquisition Reform Bill
The House Armed Services Committee’s (HASC) top Republican has released a proposal meant to begin debate on acquisition reform efforts to be included in the fiscal year 2021 defense authorization […]
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Business/FinancialBoeing Offers Voluntary Layoff Plan And Sees Long Road For Aerospace
In response to current challenging conditions in the commercial aircraft market, Boeing [BA] on Thursday said it will offer a voluntary layoff (VLO) plan to eligible employees to minimize the […]
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Business/FinancialOhio Lawmakers Seek Guidance from Pentagon for Local Contractors
A bipartisan group of lawmakers representing Ohio have written senior Pentagon leaders, seeking guidance for its local contractor community related to the COVID-19 pandemic. The letter, written April 1, requests […]
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Business/FinancialLockheed Awarded $4.7 Billion to Build 78 F-35 Aircraft
The Navy has awarded Lockheed Martin [LMT] a $4.7 billion contract modification to build 78 F-35 Joint Strike Fighters over the next three years. The contract award, announced March 31, […]
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Business/FinancialDoJ Blesses UTC, Raytheon Merger But Requires UTC To Divest Space Optical Business
The Department of Justice last Thursday evening agreed to the pending merger between United Technologies Corp. [UTX] and Raytheon [RTN] with one final caveat, that UTC divest its space-based optical […]
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Business/FinancialLockheed Martin Advancing $50 Million To Suppliers As Part Of Virus Response
Lockheed Martin [LMT] last Friday announced a number of initial steps it is taking to help the nation and its local communities in response to the coronavirus pandemic, including making […]
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Business/FinancialSo Far, Little Impact On SAIC From Pandemic, Keene Says
The spreading global pandemic so far has had “minimal impact” on the operations of Science Applications International Corp. [SAIC] due to the company’s readiness plans as well as the nature […]
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Business/FinancialRaytheon Awards Aerojet $1 Billion Sourcing Deal For Standard Missile Propulsion Systems
Raytheon [RTN] on Thursday said it has agreed to a $1 billion strategic sourcing agreement with Aerojet Rocketdyne [AJRD] for the supply of propulsion systems for Standard Missile (SM) programs […]
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Business/FinancialCGI To Acquire Federal IT Consulting Firm TeraThink
CGI Inc. [GIB] on Wednesday said it has agreed to acquire TeraThink, a provider of information technology services to the U.S. federal government. Terms of the deal, which is expected […]
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