Business/Financial
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Business/FinancialCore Commercial, Defense Businesses Will Remain But Portfolio Review Underway At Boeing, Ortberg Says
New Boeing [BA] Chief Kelly Ortberg has initiated a portfolio review to assess what adds to the company and what does not but said on Wednesday that the core commercial […]
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Business/FinancialDoD, SBA License First Funds For Program To Invest Billions In Firms Working On Critical Tech
The Pentagon and the U.S. Small Business Administration (SBA) said Tuesday they have licensed a group of 13 investment funds for a project to leverage private capital to help drive […]
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Business/FinancialF-35 Weighs On Lockheed Martin In Third Quarter; Next Production Award Looms
Higher internal spending on the F-35 fighter program pressured earnings and sales at Lockheed Martin [LMT] in the third quarter as the company awaits a wrap on negotiations for the […]
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Air ForceKnowing Lower Level Suppliers Continues As Challenge for Department of the Air Force
The Department of the Air Force faces a continued challenge of knowing all of its lower level suppliers for weapon systems, according to service acquisition chief Andrew Hunter. “We share […]
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Business/FinancialRTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work
After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX [RTX] on Tuesday posted strong results in its third quarter led by gains […]
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Business/FinancialThales To Acquire Boeing Unit Serving Intelligence Market
A U.S. based business of France’s Thales will acquire a small unit of Boeing [BA] that serves the intelligence, defense, and homeland security markets. Terms of deal were not disclosed. […]
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Business/FinancialAirbus to Cut 2,500 Jobs in Defence and Space
Airbus Defence and Space plans to cut up to 2,500 positions within the group as it reorganizes after financial troubles. Airbus announced the cuts last week and said they will […]
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Air ForceTarantulas and Asian Giant Hornets Subplot in RTX Settlement with DoJ
Tarantulas and Asian giant hornets in Taiwan are a subplot of a nearly $1 billion settlement RTX [RTX] reached last week with the U.S. Department of Justice (DOJ). Deterring a […]
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Business/FinancialInternational Growth A Key Focus Area For Lockheed Martin’s Integrated Systems And Sensors Business
Radars, launchers, and combat systems are all key product areas that will help drive international growth over the next year and more at Lockheed Martin’s [LMT] Integrated Warfare Systems and […]
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Advanced / Transformational TechnologyHoneywell, Merlin Partner On Autonomous Flight Technology
Honeywell [HON], a supplier of avionics systems, and Merlin, a small company developing software for autonomous military aviation, have partnered to bring more autonomy to military and commercial aircraft. The […]