Business/Financial
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Business/FinancialHanwha Invests In Rocket Motor And Propulsion Startup Firehawk Aerospace
Firehawk Aerospace on Monday said it has received a strategic investment from Hanwha Defense USA to further develop the Dallas-based startup’s rocket motor and related propellant technology. The size of […]
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Business/FinancialCurrier Tapped To Continue Leading Honeywell Aerospace Following Spin-Off
Jim Currier, the current president and CEO of Honeywell’s [HON] aerospace segment, will continue to lead Honeywell Aerospace once the business is spun-out as planned in the second half of […]
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Business/FinancialBoeing Completes $10.6 Billion Sale Of Digital Aviation Solutions Assets To Thoma Bravo
Boeing [BA] on Monday said it has closed its $10.6 billion cash sale of portions of its Digital Aviation Solutions business to the software investment firm Thoma Bravo as the […]
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Business/FinancialL3Harris Posts Robust Third Quarter On Broad Strength
Aided by strong results across its portfolio and an ongoing transformation initiative, L3Harris Technologies [LHX] on Thursday reported strong third quarter results. Net income rose 16 percent to $462 million, […]
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Business/FinancialShipbuilding Powers HII To Strong Third Quarter
HII [HII] on Thursday posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net […]
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Advanced / Transformational TechnologyX-Bow Systems Deploys Lockheed Martin Trusted AI Backbone For Factory Operations
Rocket maker startup X-Bow Systems on Wednesday said it is the first company to deploy a new artificial intelligence platform offered by Lockheed Martin [LMT] to be the trusted digital […]
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Business/FinancialCounter-Drone Work Leads Leonardo DRS To Strong Third Quarter
Supported by the breadth of its programs, in particular counter-unmanned aircraft (C-UAS) systems and related products, Leonardo DRS [DRS] on Wednesday strong third quarter financial results. Net income jumped 26 […]
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Business/FinancialCharge On 777X Commercial Aircraft Dings Boeing’s Earnings And KC-46 Program
Boeing [BA] on Wednesday reported narrower losses in its third quarter despite a hefty charge related to the 777X commercial aircraft, while the company’s defense segment continued to show signs […]
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Business/FinancialBill Lynn Retiring, COO John Baylouny To Lead Leonardo DRS
Long-time Leonardo DRS [DRS] Chairman and CEO Bill Lynn will retire at the start of next year and company veteran and chief operating officer (COO) John Baylouny will become president […]
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Advanced / Transformational TechnologyX-59 Flies For First Time From USAF Plant 42
The X-59 supersonic aircraft by Lockheed Martin‘s [LMT] Skunk Works division had its first flight from U.S Air Force Plant 42 in Palmdale, Calif., the company said on Tuesday. Billed […]