Business/Financial
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Business/FinancialLockheed Martin Reports $140 Million In Tariff Refunds; Other Primes Haven’t Quantified Payback
In the latest round of quarterly financial filings, Lockheed Martin [LMT] was the only one of the top U.S. defense contractors to report a specific dollar receipt–$140 million through the […]
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Business/FinancialAEVEX Agrees To Acquire BlackSea Technologies To Access Unmanned Maritime Systems
AEVEX Corp. [AVEX] on Wednesday said it has agreed to acquire BlackSea Technologies in a deal worth up to $650 million that would add a robust portfolio of unmanned surface […]
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Business/FinancialPrecision Munitions Startup Heaviside Raises $60 Million; Partners With Nammo
Heaviside Industries, a startup developing precision munitions, on Wednesday said it has raised $60 million in a Series B round, three months after the company emerged from stealth. The Los […]
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Business/FinancialJoby Aviation Agrees To Acquire Resonant Sciences To Expand, Diversify Defense Business
Joby Aviation [JOBY] on Tuesday said it has agreed to acquire Resonant Sciences for $500 million in a deal that expands its defense business and adds new technologies. The transaction […]
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Business/FinancialAustal Gives Hanwha Defense USA Okay To Assess Potential Acquisition Of U.S. Shipbuilding Business
Australian shipbuilder Austal on Monday night Eastern Time said its board has given approval to Hanwha Defense USA to conduct due diligence related to a non-binding offer to acquire the […]
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Unmanned SystemsSaronic Adds Gulfport Site For On-Water USV Testing
Saronic announced another American Gulf Coast facility that is already performing some unmanned surface vessel (USV) work at the Port of Gulfport, Miss. The company said its new site covers […]
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Business/FinancialLockheed Martin Offers Modular Missile Technologies And Related Storefront
Lockheed Martin [LMT] on Monday launched a family of missile components that include radio frequency sensors, datalinks and seeker technologies “built on a common baseline” that can be used in […]
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Advanced / Transformational TechnologyArcher Acquiring Boeing Businesses That Add Drones, Autonomy And Air Traffic Management
Archer Aviation [ACHR] on Monday said has agreed to acquire three businesses from Boeing [BA], including the company’s Insitu subsidiary that develops and manufactures Group 3 unmanned aircraft systems (UAS), […]
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Business/FinancialDoD Investing More Than $2 Billion In Batteries, Critical Minerals And Magnets
The Defense Department late Friday afternoon announced more than $2 billion in potential loans and equity investments to strengthen supply chains for batteries, critical minerals and magnets used by the […]
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PentagonDoD Plans $150 Million Loan To Boost U.S. Rare Earth-Free Magnet Production
The Pentagon’s Office of Strategic Capital (OSC) on August 7 said it signed a $150 million conditional loan commitment with Niron Magnetics, Inc., to scale the company’s permanent magnets that […]