Business/Financial
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Business/FinancialLockheed Martin Outlines $1.6 Billion In Charges, Including Skunk Works Program
A program at Lockheed Martin’s [LMT] secretive Skunk Works unit continues to bedevil the company, racking up a $950 million pre-tax loss, the largest of $1.6 billion in charges the […]
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Air ForceAny Decision To Accelerate B-21 Production Will Require Northrop Grumman To Boost Investment
If the Pentagon decides to increase production of the U.S. Air Force’s new B-21 stealth bomber it will require further investment by Northrop Grumman [NOC], which in turn expects to […]
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Business/FinancialRTX Posts Strong Second Quarter But Lowers Earnings Outlook On Tariff Headwinds
RTX [RTX] on Tuesday reported strong top and bottom-line gains in its second quarter led by its defense and Collins Aerospace segments but the company lowered its earnings guidance for […]
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Advanced / Transformational TechnologyBooz Allen Triples Venture Funding Commitment To $300 Million
Having expended most of the $100 million it set aside three years ago in venture capital funding, Booz Allen Hamilton [BAH] has tripled its venture commitment to $300 million for […]
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Business/FinancialRune Technologies, Software Developer For Comprehensive Logistics, Raises $24 Million
Rune Technologies, a startup developing artificial intelligence-enabled software for managing, tracking, and predicting military logistics across all echelons, has closed a $24 million funding round it will invest to scale […]
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Business/FinancialYork Space Systems To Acquire Global Ground SatCom Company ATLAS Space
Satellite developer and operator York Space Systems last Friday said it has agreed to acquire ATLAS Space Operations, adding a global provider of satellite communications ground infrastructure that together York […]
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Advanced / Transformational TechnologyHadrian Raises $260 Million For New Factory As It Dials Up For Defense
Advanced manufacturer Hadrian on Thursday said it raised $260 million in a new funding round that will be used for a new production facility in Arizona, and a new corporate, […]
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Business/FinancialL3Harris Set For Major Expansion Of Large Rocket Motor Production Facilities
L3Harris Technologies [LHX] is set to break ground an expansion of its large solid rocket motor (LSRM) facilities in Arkansas the company said provide a six-fold increase in production capacity. […]
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Business/FinancialFirestorm Labs Raises $47 Million With Help From Lockheed, Booz Allen To Scale Manufacturing
Firestorm Labs, which has developed and expeditionary manufacturing capability for “point-of-need production” for drones and their parts, has raised $47 million in a Series A round that will be put […]
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Business/FinancialChariot Defense, Offering Power Management At The Edge, Exits Stealth
Venture-backed power management startup Chariot Defense on Wednesday emerged from stealth with an $8 million seed round it has been using for hiring and product development as the San Franciso-based […]