Business/Financial
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Business/FinancialL3Harris Posts Robust Third Quarter On Broad Strength
Aided by strong results across its portfolio and an ongoing transformation initiative, L3Harris Technologies [LHX] on Thursday reported strong third quarter results. Net income rose 16 percent to $462 million, […]
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Business/FinancialShipbuilding Powers HII To Strong Third Quarter
HII [HII] on Thursday posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net […]
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Advanced / Transformational TechnologyX-Bow Systems Deploys Lockheed Martin Trusted AI Backbone For Factory Operations
Rocket maker startup X-Bow Systems on Wednesday said it is the first company to deploy a new artificial intelligence platform offered by Lockheed Martin [LMT] to be the trusted digital […]
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Business/FinancialCounter-Drone Work Leads Leonardo DRS To Strong Third Quarter
Supported by the breadth of its programs, in particular counter-unmanned aircraft (C-UAS) systems and related products, Leonardo DRS [DRS] on Wednesday strong third quarter financial results. Net income jumped 26 […]
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Business/FinancialCharge On 777X Commercial Aircraft Dings Boeing’s Earnings And KC-46 Program
Boeing [BA] on Wednesday reported narrower losses in its third quarter despite a hefty charge related to the 777X commercial aircraft, while the company’s defense segment continued to show signs […]
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Business/FinancialBill Lynn Retiring, COO John Baylouny To Lead Leonardo DRS
Long-time Leonardo DRS [DRS] Chairman and CEO Bill Lynn will retire at the start of next year and company veteran and chief operating officer (COO) John Baylouny will become president […]
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Advanced / Transformational TechnologyX-59 Flies For First Time From USAF Plant 42
The X-59 supersonic aircraft by Lockheed Martin‘s [LMT] Skunk Works division had its first flight from U.S Air Force Plant 42 in Palmdale, Calif., the company said on Tuesday. Billed […]
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Navy/USMCHII And South Korea’s Hyundai Agree To Jointly Bid For Navy Auxiliary Ships
HII [HII] and South Korea’s HD Hyundai Heavy Industries (HHI) over the weekend signed a memorandum of agreement (MoA) to start “deeper collaboration” between the firms, including jointly bidding on […]
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Business/FinancialAfter Union Narrowly Rejects Contract Offer, Boeing Says Focused On Contingency Plan
Boeing [BA] on Sunday said its defense business is focusing on the “next phase of our contingency plan” after union members voted against the company’s latest contract offer. Exactly what […]
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SpaceVoyager Acquires Spacecraft Electric Propulsion Supplier ExoTerra
Voyager Technologies [VOYG] on Monday said it has acquired ExoTerra Resource in a deal that gives it capabilities in compact electric propulsion systems used to maneuver satellites in orbit. Terms […]