Business/Financial
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Advanced / Transformational TechnologyX-Bow Raises $70 Million In New Investment Round That Includes Boeing For First Time
X-Bow Systems on Wednesday said it has completed the initial close of a Series B round that raised more than $70 million and includes Lockheed Martin [LMT], an existing investor […]
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BudgetAs New Entrants Vie To Build Rocket Motors, SASC Wants DoD To Help
The Defense Department the past few years has helped strengthen the position of legacy solid rocket motor suppliers through increased funding but insufficient capacity remains and as new suppliers enter […]
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Business/FinancialAE Industrial Partners Attracts $1.3 Billion In Funding To Invest In Aerospace And National Security
The private equity firm AE Industrial Partners (AEI) on Tuesday said it has closed a new $1.3 billion investment fund that will primarily focus on companies with critical capabilities and […]
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Business/FinancialOne Employee Dead, Two Injured From Explosion At GD’s Camden, Arkansas Facility
One employee has died as a result of an explosion on July 3 at General Dynamics Ordnance and Tactical Systems (GD-OTS) [GD] facility in Camden, Arkansas, the company has confirmed. […]
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Business/FinancialFormer SecNav Spencer Named New Austal Chairman
Former Secretary of the Navy Richard Spencer was named the new chairman of Australian shipbuilder Austal Limited, parent company of Austal USA. Spencer took over as chairman on July 1, […]
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Business/FinancialBooz Allen Adds Shift5’s Operational Tech Awareness Tools
Booz Allen Hamilton [BAH] and Shift5 on Tuesday announced a strategic partnership that integrates Shift5’s technology that collects data on networks and platforms such as weapon systems into Booz Allen’s […]
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Business/FinancialX-Bow Acquires Spencer Composites, Bringing Motor Case Supplier In-House
Rocket developer and manufacturer X-Bow Systems on Tuesday said it has acquired Spencer Composites in a deal that brings in-house the company’s supplier of motor cases for hypersonic rockets. Terms […]
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Business/FinancialBoeing To Bring Defense-Related Work In-House, Add Some With Spirit Deal
Boeing [BA] on Monday said it has agreed to acquire the commercial operations of the Spirit AeroSystems [SPR] that support its programs and additional commercial, defense and aftermarket operations, in […]
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Business/FinancialBoeing Bets On Next-Generation Aircraft Work With Investment In New Phantom Works Facility
ST. LOUIS—With potentially high dollar contracts looming, Boeing [BA] is moving out on a $1.8 billion-plus investment to build a 1.1 million square-foot factory, where it expects to develop and […]
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Business/FinancialSubcontractor, Prime, Partner Roles All Part Of Boeing’s New Go-To-Market Approach In Defense
St. LOUIS–Broadening its focus on pursuing defense business opportunities with its platforms as a prime contractor, Boeing [BA] is expanding its go-to-market strategy to include partnering with other companies as […]
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