Business/Financial
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Air ForcePentagon to ‘Monitor and Assess’ Boeing Performance
The Pentagon said on Friday that it is examining what steps to take to ensure quality control on Boeing [BA] aircraft for the military services as a result of the […]
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Business/FinancialMaxar Intelligence Opens New London Headquarters to Boost International Presence
Maxar Intelligence opened a new London office this week as the headquarters for its international government business as it aims to increase its global presence. The London office will also serve […]
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Business/FinancialSaab To Open New Munitions Production Facility In Michigan
Swedish aerospace and defense firm Saab will open a new munitions production facility in Grayling, Michigan, the company said on Tuesday. Saab said the facility will focus on final assembly […]
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Business/FinancialBoeing Defense Chief Leaving, As Ortberg Aims ‘To Restore Trust’ of DoD Buyers
Ted Colbert, the head of Boeing‘s [BA] Boeing Defense, Space & Security (BDS) segment for more than two years, is leaving the company amid significant profitability worries, competition from startup […]
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Business/FinancialL3Harris CEO Points to Company Investments in Startups Due to Shield Capital Partnership
NATIONAL HARBOR, Md.—L3Harris Technologies [LHX] has leveraged startup firms’ technology advances due to a Shield Capital-L3Harris partnership announced in March, 2022, L3Harris CEO Chris Kubasik told reporters at the Air […]
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Advanced / Transformational TechnologyMerlin Launches Business Unit To Expand Focus On End-To-End Autonomy Solutions
NATIONAL HARBOR, Md.—Merlin, a small company developing autonomous capabilities for military aviation, this week said it has launched a new business unit that expands its focus beyond the routine functions […]
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Business/FinancialFairbanks Morse To Acquire Rolls-Royce Naval Propulsors And Handling Business
Fairbanks Morse Defense (FMD) on Thursday said it has agreed to acquire Rolls-Royce’s naval business that supplies propellers, waterjets, and mission bay handling systems in a deal that expands its […]
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ArmyMicrosoft Integrates Anduril’s Lattice Software Platform With IVAS
Anduril Industries is working with prime contractor Microsoft [MSFT] to integrate the startup’s Lattice software into Microsoft’s augmented reality headset being developed for the Army to warn soldiers of autonomously-detected […]
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Navy/USMCAustal Nabs $450 Million GD Award To Expand Sub Module Production
General Dynamics’ Electric Boat [GD] awarded Austal USA a $450 million contract to increase its infrastructure to design, construct and outfit new submarine modules for the U.S. submarine’s prime contractor, […]
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Business/FinancialCACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion
CACI International [CACI] on Monday said it has agreed to acquire Azure Summit Technology for $1.3 billion in a cash deal that adds to the company’s products and capabilities supporting […]