Business/Financial
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CongressDefense Bill Modifies Industrial Fund Provisions, Adds Batteries, Leaves Out OBBBA Funds
The defense authorization bill passed by the House last week and under consideration in the Senate this week adds batteries to the list of possible investments to bolster U.S. industrial […]
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Business/FinancialAeroVironment Swings To Loss In Second Quarter As Sales Soar
AeroVironment [AVAV] on Tuesday evening said it swung to a loss in its second quarter due to amortization and non-cash accounting expense while sales increased more than 150 percent to […]
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Advanced / Transformational TechnologyAnduril, GKN Team On British Army Autonomous UAS Project
Anduril Industries and Britain’s GKN Aerospace on Tuesday signed an exclusive teaming agreement to pursue a United Kingdom project to develop an unmanned collaborative combat platform that would team with […]
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Advanced / Transformational TechnologyAcquisition Data Insights Firm Pryzm Expanding With $12 Million Seed Round
Pryzm, a small software firm developing products to help contractors capture business with the federal government and help government customers better track and manage their programs, spending and vendors, has […]
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Business/FinancialBoeing Completes Acquisition Of Spirit AeroSystems; Establishes Spirit Defense
Boeing [BA] on Monday said it has completed its $8 billion acquisition of Kansas-based Spirit AeroSystems in a deal that gives it more control over its supply chain for major […]
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ArmyBoeing Expects To More Than Triple PAC-3 Seeker Production In Three Years
If demand expectations hold true, Boeing [BA] by the end of 2028 or early 2029 anticipates more than tripling its current production rate of seekers it supplies for the Patriot […]
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Business/FinancialNorthrop Grumman Conducts Static Test Of New SRM In Promontory
Northrop Grumman [NOC] on Thursday conducted a static test of a new solid rocket motor (SRM) in Promontory, Utah, under the company’s Solid Motor Annual Rocket Technology Demonstrator (SMART Demo) […]
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SpaceWashington Harbour Partners Invests In Mission Solutions Firm Trusted Space
Washington Harbour Partners on Thursday said it has taken a “significant minority stake” in the space mission engineering company Trusted Space, an investment that will be put toward enhancing existing […]
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Business/FinancialEarnings, Sales Fall In SAIC’s Third Quarter; Interim CEO Reagan Outlines Priorities
Science Applications International Corp. [SAIC] on Thursday posted top and bottom-line declines in its third quarter although the company increased its sales guidance due to new acquisition and its adjusted […]
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Business/FinancialStalker XE Block 25 And Alta X 2.0 Drones Part Of Skunk Works Test Of Artificial Intelligence Re-Planning
Lockheed Martin‘s [LMT] Skunk Works division said on Thursday that it used artificial intelligence to demonstrate how one drone facing fuel problems could return to base while another unmanned aerial […]