Business/Financial

The private equity firm AE Industrial Partners [AEI] on Tuesday said it has acquired Aerostructures Acquisition LLC, also known as The Atlas Group, and will combine the company with its […]

President Trump’s administration is making clear through recent speeches, published reports and legislation that the U.S. economy — and within it, the defense industrial base — is suffering due to […]

General Motors [GM] is transitioning its year-old defense subsidiary to a more active role in terms of customer outreach and marketing now that the legal paperwork is out of the […]

The Pentagon plans to request additional funds in the FY’20 budget request to help address critical issues that are undermining the U.S. defense industrial base, officials said Oct. 4. The […]

A report released on Friday on the state of the U.S. defense-industrial base paints a grim picture of the varied challenges, both domestic and global, that are eroding the base’s […]

Four years after closing its shipyard in Avondale, La., Huntington Ingalls Industries [HII] on Thursday said the facility has been sold to a joint venture consisting of a terminal operator […]

Britain’s Smiths Group plc on Thursday said it has agreed to buy Illinois-based United Flexible for $345 million in a deal that adds new solutions for its aerospace and industrial […]

Raytheon [RTN] on Tuesday said it has entered partnerships with two cyber security product companies, Cybraics and Authentic8, to add their technologies to its cyber-as-a-service subscription model. Raytheon said the […]

The Department of Justice on Monday evening approved United Technologies Corp.’s [UTX] pending $30 billion acquisition of Rockwell Collins [COL], although the government requires UTC to divest two Rockwell Collins’ […]

The Coast Guard on Friday said it had exercised more than $400 million in contract options toward its ongoing surface fleet modernization, including the construction contract with Eastern Shipbuilding for […]