Business/Financial

NATIONAL HARBOR, Md. – Lockheed Martin [LMT] on Monday revealed an in-development longer range variant of the AGM-158 cruise missile, the XR. The new AGM-158 XR is being developed only […]

More than 30,000 Boeing [BA] employees began a strike last Friday at the company’s Commercial Airplanes’ facilities in the Pacific Northwest after union members voted overwhelmingly last Thursday to reject […]

Merlin on Thursday said its planned acquisition of fellow aircraft autonomy pilot developer EpiSci has been called off although no reason was given. In June, Merlin announced its agreement to […]

General Dynamics [GD] on Monday said its Information Technology (IT) sector has acquired Iron EagleX (IEX), a small business that expands GDIT’s mission solutions in artificial intelligence and machine learning […]

Boeing [BA] and union leaders that represent its Commercial Airplanes workforce in the Pacific Northwest announced a tentative agreement on a new labor contract that provides the more than 33,000 […]

AeroVironment [AVAV] on Wednesday reported record first quarter fiscal year 2025 revenue driven by its soaring loitering munitions business and the company also benefited from robust demand for its other […]

Science Applications International Corp. [SAIC] on Thursday reported a steep decline in net income in its second quarters versus a year ago when the company benefited from the sale of […]

Peraton on Tuesday named Steve Schorer as its incoming chairman, president, and CEO, and also said that that Stu Shea, who had led the company since it was created in […]

The State Department last Friday said that aerospace and defense contractor RTX [RTX] has agreed to pay $200 million in penalties to resolve self-disclosed unauthorized defense exports, including classified articles, […]

Austal Limited agreed to pay $24 million to settle an investigation by the Justice Department and Securities and Exchange Commission (SEC) into an accounting fraud scheme, the U.S. government said […]