Business/Financial
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Business/FinancialBoeing Selling Some Of Its Digital Aviation Solutions Business For $11 Billion
Boeing [BA] on Tuesday said it has agreed to sell portions of its Digital Aviation Solutions business for $10.6 billion in cash to the software investment firm Thoma Bravo, a […]
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Business/FinancialEarnings Dip Despite Higher Sales At RTX On Divestiture; Sees Potential $850 Million Hit From Tariffs
RTX [RTX] on Tuesday reported solid sales gains in its first quarter but earnings fell due to the divesture a year ago of its former Cybersecurity, Intelligence and Services business. […]
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Business/FinancialLockheed Will Leverage NGAD Investment For F-35+ To Approach 6th Gen Aircraft At Half Cost
Despite losing out on a potential new franchise aircraft program, Lockheed Martin [LMT] will leverage its investments in the Air Force’s Next-Generation Air Dominance (NGAD) platform for upgrades of its […]
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Business/FinancialNorthrop Takes $397 Million B-21 Charge To Accelerate Production Rates, Prep For Program Increase
A manufacturing process change that will allow Northrop Grumman [NOC] to reduce risk, increase production rates, and set the foundation for expanded production numbers of the B-21 stealth bomber beyond […]
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Business/FinancialMalave Departs Lockheed Martin; Evan Scott Named New CFO
Lockheed Martin [LMT] on Thursday announced the abrupt departure of Jay Malave as the company’s chief financial officer (CFO) and named Evan Scott as his successor, effective immediately. Malave, who […]
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Advanced / Transformational TechnologyAutonomous Technology Company Scout AI Exits Stealth With $15 Million Seed Round
Scout AI, a year-old startup developing an autonomous platform for defense robotics, on Wednesday emerged from stealth with an oversubscribed $15 million seed round led by Align Ventures and Booz […]
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Business/FinancialSaronic Acquires Gulf Coast Shipbuilder; Introduces 150-Foot USV
Saronic on Wednesday said it has acquired Louisiana-based Gulf Craft, a small shipbuilder that gives it a strategic location on the Gulf Coast and facilities to immediately support development and […]
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Business/FinancialAUV Developer Vatn Systems Employs Palantir To Scale Manufacturing
Joining other defense technology startups that are leveraging Palantir Technologies’ [PLTR] software manufacturing platform, Vatn Systems on Wednesday said they have partnered with the company to help as it transitions […]
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SpaceAhead Of Potential Tariff Concerns, Space Force Began Assessing Supply Chain In Wake Of COVID
COLORADO SPRINGS, Colo.—The Space Force is assessing its supply chain risks and vulnerabilities more comprehensively after initially looking at the piece parts, which has put the service in a better […]
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SpaceBlue Origin May Launch Future GPS Missions, As Space Force Says ULA and Blue Origin Have ‘Credible Plans’ for Certification of Rocket Launches From Both Coasts
Elon Musk’s SpaceX is the only company certified for U.S. Space Force (USSF) and National Reconnaissance Office (NRO) missions launched from Cape Canaveral Space Force Station, Fla., and Vandenberg Space […]