Business/Financial

Charges on two classified contracts drove net income down at Lockheed Martin [LMT] in the fourth quarter and all of 2024, the company reported on Tuesday. The contracts lopped $1.5 […]

RTX [RTX] on Tuesday reported solid fourth quarter financial results driven by double-digit top and bottom-line gains in its aircraft engine business while the company’s Raytheon segment also delivered nicely, […]

HII [HII] on Monday said it has closed its acquisition of the assets of W International, bringing in-house a supplier of submarine structures, modules, and assemblies that struggled to meet […]

Emphasizing its role as a challenger to the status quo, unmanned aircraft systems (UAS) developer and manufacturer General Atomics Aeronautical Systems (GASI) is offering its support to President Trump’s government […]

Boeing [BA] on Thursday reported preliminary results for its fourth quarter of 2024 with an expected net loss of $5.46 per share and negative cash flow of $3.5 billion due […]

Lauding what he says were successes of the first Trump administration to streamline the Pentagon’s bureaucracy, L3Harris Technologies [LHX] Chairman and CEO Chris Kubasik this week offered recommendations to the […]

Anduril Industries has tapped Columbus, Ohio, for its future hyperscale production facility where it plans to manufacture tens of thousands of autonomous systems and weapons annually to meet what it […]

The Commerce Department on Tuesday signed non-binding preliminary deal terms with U.S. semiconductor designer and manufacturer MACOM Technology Solutions to provide up to $70 million in direct funding to expand […]

OJ Sanchez has succeeded John Clark as the vice president and general manager of Lockheed Martin Skunk Works, and Mike Shoemaker has stepped into the shoes of Sanchez as the […]

The CEO of shipbuilder HII [HII] said the incoming Trump administration is likely more receptive to a plan developed by the Navy and industry to improve shipyard wages and quicken […]