Business/Financial
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Business/FinancialOrtberg Nabs RTX Government Affairs Chief For Same Role At Boeing
Boeing [BA] on Thursday said it has hired Jeff Shockey as its new chief lobbyist, replacing Ziad Ojakli, who left the company in December after holding the job since October […]
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Business/FinancialL3Harris Begins Rocket Motor Expansion At Camden With DPA Funds
L3Harris Technologies [LHX] on Thursday broke ground on four new solid rocket motor (SRM) facilities at the company’s site in Camden, Ark., taking advantage of a Defense Department award made […]
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Business/FinancialLeonardo DRS Finishes 2024 With Strong Results; Begins Dividend, Share Repurchase Program
Leonardo DRS [DRS] on Thursday reported robust fourth quarter results to end a strong fiscal year and the company expects the good run to continue in 2025. Net income in […]
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SpaceTrue Anomaly Expanding Into California’s ‘Space Beach’ With New Production Capacity
Defense spacecraft and software company True Anomaly on Thursday said it is expanding beyond its Colorado roots by adding new development and production capacity in Southern California as part of […]
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Advanced / Transformational TechnologySaronic Raises $600 Million With Sights On Building Modern Shipyard For Big Autonomous Vessels
Autonomous surface vessel developer and manufacturer Saronic has closed a $600 million funding round for a downpayment on a new waterside shipyard the company has conceived around advanced manufacturing methods […]
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Business/FinancialAnduril, L3Harris In Partnerships With Indian Companies As Part Of New Autonomous Systems Alliance
President Donald Trump and Indian Prime Minister Narenda Modi late last Thursday announced a new initiative between the two countries, the Autonomous Systems Industry Alliance (ASIA), that will begin with […]
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Business/FinancialAeroVironment Readies To Begin Production Of Loitering Munitions At New Facility
AeroVironment [AVAV] has established a new production facility for its loitering munitions, FreedomWerx, which is located in Salt Lake City, Utah and will begin manufacturing operations in the second half […]
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Business/FinancialRecord Venture Capital In Europe Defense And Security, Report Says
Overall venture capital (VC) invested in European defense, security and resilience reached a record $5.2 billion in 2024, highlighting the importance of the sector amid an overall decline in VC […]
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Advanced / Transformational TechnologyArcher Raises $300 Million For Development Of eVTOL Manufacturing Capabilities
Archer [ACHR] on Tuesday said it has raised $300 million from institutional investors that it will put toward development of advanced manufacturing—to include batteries and composites—related to its hybrid-propulsion vertical […]
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PentagonDoD May Issue Rapid Prototyping/Defense Acquisition Reform Plan This Week
Defense Secretary Pete Hegseth may issue a memorandum on rapid prototyping and acquisition reform this week, as the Pentagon considers scaling up the work of the Defense Innovation Unit (DIU). […]