Business/Financial
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Business/FinancialTax Benefit Boosts SAIC’s Income In Second Quarter But Sales Dip On Federal Contracting Challenges
Science Applications International Corp. [SAIC] on Thursday posted mixed financial results in its second quarter with sales down slightly due to several government contracting challenges, and net income up on […]
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Advanced / Transformational TechnologySpace Solar Power Company Boosts Funding Round With Lockheed Martin Investment
New Mexico-based startup mPower Technology, Inc., said it has received an investment from Lockheed Martin [LMT] that will help accelerate the company’s efforts to scale production of its solar modules. […]
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Navy/USMCHanwha Invests Another $5 Billion In Philly Shipyard
South Korean conglomerate Hanwha this week announced it is investing another $5 billion in its Philly Shipyard via a new infrastructure plan to boost production capacity. Hanwha bought the shipyard […]
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Business/FinancialTrump Administration Mulls Equity Stakes In Defense Industry, Raising Questions
Commerce Secretary Howard Lutnick on Tuesday said the U.S. government is considering taking equity stakes in U.S. defense contractors, a move that defense analysts argued raises a raft of issues […]
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Business/FinancialPDW Opens New Drone Factory In Huntsville, Aims To Build 60,000 UAS Annually
Performance Drone Works (PDW) has opened up a new manufacturing facility in Huntsville, Alabama where it says it will have capacity to build over 60,000 systems annually. The new 90,000 […]
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Business/FinancialNavy Awards Small Contract To 3D Printer Supplier In Support Of Maritime Industrial Base
Velo3D, Inc. [VELO] on Thursday said it has received a $6 million contract from the Navy to qualify its 3D printing technology for use with a corrosion resistant alloy for […]
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Business/FinancialGeneral Atomics Aeronautical Systems Acquires Assets Of Engine Technology Company
General Atomics Aeronautical Systems Inc. (GA-ASI) on Tuesday said it has acquired key assets of engine technology company Achates Power to enhance its capabilities in propulsion systems. Terms of the […]
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Advanced / Transformational TechnologyVoyager Technologies Invests In Software Company Latent AI
Space and defense technology company Voyager Technologies [VOYG] has invested Latent AI to leverage the software firm’s artificial intelligence technology for use on space-based assets. The value of the investment […]
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PentagonDoD Materiel Readiness ‘In Precarious Position,’ Govini Scorecard Says
In-the-field availability of reliable parts for weapons systems is a major problem for the military services, according to Govini‘s 2025 national security scorecard. “Nearly half of all parts evaluated across […]
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Business/FinancialMerlin Labs to Go Public Next Year Through SPAC
The Boston-based Merlin Labs said on Thursday that it plans to go public early next year through Bleichroeder Acquisition Corp. [BACQ], a special purpose acquisition company (SPAC) led by Inflection […]