Business/Financial
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Business/FinancialSpagnoletti Named New CEO Of Ursa Major As Jablonsky Departs
Rocket motor and engine developer Ursa Major on Thursday appointed Chris Spagnoletti as its new CEO effective immediately, succeeding Dan Jablonsky who took over leadership of the company in August […]
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Business/FinancialTrump Gives Ag Secretary DPA Authorities To Boost Domestic Supply Of Herbicide Material Important For Defense
President Donald Trump on Wednesday issued an executive order directing the Agriculture Department to use the Defense Production Act (DPA) to boost the domestic supply of a critical mineral used […]
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Business/FinancialAnduril Gets $44 Million In DPA Funding To Expand Rocket Motor Production
The Defense Department has awarded Anduril Industries $43.7 million in industrial base funding to expand production capacity for solid rocket motors (SRMs). The new Defense Production Act (DPA) Title III […]
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Navy/USMCHII And Path Robotics Sign MoU To Add Physical AI Welding To Shipyards
HII [HII] on Tuesday announced a new Memorandum of Understanding (MoU) with the Ohio-based Path Robotics to integrate the latter’s physical artificial intelligence technology in order to improve shipbuilding throughput […]
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Business/FinancialSAIC Names Reagan As New CEO
Science Applications International Corp. [SAIC] on Tuesday named James Reagan as its new CEO effective immediately. Reagan, 67, had been serving as the company’s interim CEO since last October after […]
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Business/FinancialLeidos Negotiating Co-Investment Deals With DoD For Key Programs
The Defense Department and Leidos [LDOS] are negotiating framework agreements for co-investments in key acquisition programs for the company, Leidos CEO Tom Bell said on Tuesday. The forthcoming co-investment opportunities […]
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Unmanned SystemsVenom Prototype Flew 71 Days After Design Start, Mach Industries and Divergent Technologies Say
Startup weapon systems developer Mach Industries and startup digital manufacturer Divergent Technologies have rapidly prototyped a jet-powered flight demonstration aircraft, going from design start to flight test in 71 days, […]
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Business/FinancialPentagon Invests To On-Shore Optical Display Supply Chain
The Defense Department on Thursday said it has invested $24.5 million in two companies to strengthen the supply chain for optical display technology. The investments were made last September in […]
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Business/Financial
SAIC Lowers Fiscal Year 2026, 2027 Outlook On Softness In IT Market
Science Applications International Corp. [SAIC] on Wednesday said sales in its fourth quarter 2026, and sales and earnings in fiscal year 2027 will be lower than expected, citing weakness in […]
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PentagonDoD Completes Initial Review Of Defense Firms’ Performance, But Not Releasing Findings Yet
The Pentagon has completed its initial assessment to identify defense firms that are insufficiently investing in production expansion, according to a department spokesperson. Sean Parnell, chief Pentagon spokesman, confirmed media […]