Business/Financial
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Business/FinancialMoog Expects Increase in Space and Defense Sales
New York-based Moog, Inc. [MOG.A] is predicting a rise in its space and defense business this year. Moog builds flight actuators, switches, and controls for a number of DoD platforms, […]
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Business/FinancialTriumph Group Agrees To Be Taken Private In $3 Billion Deal
Aerospace and defense supplier Triumph Group Inc. [TGI] on Monday said it has agreed to be acquired by the private equity firms Warburg Pincus and Berkshire Partners in a $3 […]
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Business/FinancialSmiths Group Plans To Shed Security & Detection Business
Britain’s Smiths Group last Friday said it plans to sell or spin-out its security and detection division as part of strategic actions to unlock value for shareholders. Smiths Detection, which […]
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Business/FinancialL3Harris Posts Strong Profit Gains On Modest Sales Increase
L3Harris Technologies [LHX] on Thursday reported a substantial increase in net income in the fourth quarter driven in large part by a charge a year ago in a business that […]
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Business/FinancialArms Sales May Require Going Past Navy, Can Be Binding Tool, Executives Say
SAN DIEGO– Former Navy officials who are now executives as defense contractors said while the arms sales export process can be painful, sometimes it requires going over the heads of […]
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Business/FinancialSerco Expanding U.S. Business With Acquisition Of Northrop Grumman’s Training And Software Unit
Britain’s Serco Group on Thursday said it agreed to acquire Northrop Grumman’s [NOC] Mission Training and Satellite Ground Network Communications Software Business (MT&S) for $327 million, expanding its U.S. presence, […]
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Business/FinancialNorthrop Grumman Swings To Profit In Fourth Quarter
Northrop Grumman [NOC] on Thursday said it swung to a profit in the fourth quarter on a pension-related benefit and because year ago results were hit by a charge on […]
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Advanced / Transformational TechnologyHypersonic Weapon Startup Castelion Raises $100 Million In Capital
Castelion, a two-year-old startup focused on rapidly developing and mass-producing hypersonic weapons, has raised $100 million in new capital to increase its workforce and production capabilities, and speed testing of […]
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Business/FinancialGD Ends 2024 With Strong Results Led By Aerospace Business; Sub Supply Chain Still Troubled
Powered by its Aerospace segment, General Dynamics [GD] on Wednesday reported strong fourth quarter results to end a similarly robust 2024. The only blemish in the quarter’s numbers was a […]
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Business/FinancialDespite Charges, Boeing Chief Cites Progress On Fixed-Price Defense Programs
Boeing [BA] continues to grapple with challenges in troubled government programs it won bidding on fixed-price development contracts and while there is no simple fix progress is being made and […]