Business/Financial
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Business/FinancialUltra Defense Acquires Ammo Manufacturer MAST Technology
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 […]
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Business/FinancialNorthrop Grumman Warns Of Potential Business Impacts From Pandemic
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 […]
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Business/FinancialMAG Aerospace To Acquire C5ISR Services Provider AASKI Technology
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 […]
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Advanced / Transformational TechnologyPratt & Whitney Wins Contract Modification for 32 New F-35 Engines
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 […]
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Business/FinancialAnalysts Highlight Commercial Credentials Of Incoming Lockheed Martin CEO
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 […]
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Business/FinancialRocket Lab to Acquire Satellite Hardware Company Sinclair Interplanetary
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 […]
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Business/FinancialHewson Retiring As Lockheed Martin Chief; American Tower CEO Taiclet Tapped To Succeed
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, […]
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Navy/USMCGeurts: COVID-19 Could Have Longer Term Impact on Supply Chain
The Navy is closely observing the potential impact of the COVID-19 coronavirus on the integrity of its supply chain, the service’s top acquisition civilian said March 12. Assistant Secretary of […]
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Business/FinancialUTC, Raytheon Deal Set To Close In Early April
United Technologies Corp. [UTX] on Thursday said it expects to close its merger with Raytheon [RTN] on April 3, once the divestitures of its Carrier and Otis operating segments are […]
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Business/FinancialAirborne ISR Company AEVEX Sold To Private Investors Madison Dearborn, CoVant
The private equity firm Madison Dearborn Partners (MDP) and strategic advisory firm CoVant Management on Monday said they have acquired a majority stake in AEVEX Aerospace, a provider of airborne […]