Business/Financial
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Business/FinancialHII To Acquire Assets Of Submarine Metal Fabricator To Increase Capacity And Production
In a bid to increase capacity and in turn begin to accelerate the production of submarines for the Navy, HII [HII] has agreed to acquire the assets of W International, […]
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Business/FinancialSafran’s New U.S. Subsidiary Initiates Expansion, Modernization Drive
Following the establishment of a defense and space-focused subsidiary in the U.S. earlier this year, France’s Safran is now investing strategically to expand and modernize its capabilities here, the company […]
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Business/FinancialNavy Awards X-Bow $60 Million To Modernize Energetics Facilities And Increase Capacity
The Navy the past year has awarded X-Bow Systems five contracts worth a combined $60 million to modernize and automate energetics facilities at the Naval Surface Warfare Center Indian Head […]
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Business/FinancialRheinmetall Vertically Integrated In The U.S. After Completing Acquisition Of Loc Performance
German arms developer and manufacturer Rheinmetall on Monday said it has completed its acquisition of Michigan-based Loc Performance Products, significantly expanding its U.S. presence base and adding production capabilities to […]
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Advanced / Transformational TechnologyCommerce Department Finalizes CHIPS Act Awards To BAE, Rocket Lab
The Department of Commerce on Monday said it has finalized awards to BAE Systems and Rocket Lab [RKLB] to incentivize domestic semiconductor capabilities using funding provided by the CHIPS and […]
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Business/FinancialBlueHalo Acquires Underwater Robotic Vehicle Developer VideoRay
BlueHalo last Friday said it has acquired VideoRay, a developer and manufacturer of remotely operated underwater vehicles, giving the defense technology company a presence in the unmanned maritime market. Terms […]
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Advanced / Transformational TechnologyHermeus Eyeing December To Fly First Aircraft On Path To Hypersonic Flight
ATLANTA—If all goes well in the coming days and weeks to complete remaining test points, Hermeus in December expects to conduct the first flight of a remotely piloted jet-powered aircraft […]
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Business/FinancialLockheed Martin Receives Nearly $870 Million in Long Lead Funding for F-35 Lot 20
Lockheed Martin [LMT] has received a nearly $870 million award for long-lead items and parts for production Lot 20 of the company’s F-35, DoD said in a Friday contracts announcement. […]
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Business/FinancialAnduril Static Fires New Rocket Booster, Signaling New Competitor In Hypersonic Arena
Anduril Industries last Friday said it successfully static test fired its 18-inch Denali hypersonic solid rocket motor, validating a new propellant mixer and marking a milestone toward the development of […]
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SpaceSome GPS Launches Awaiting Vulcan Certification
The U.S. Space Force has launched six Lockheed Martin [LMT] GPS III satellites, and the company has been storing four GPS IIIs in Littleton, Colo. The 31-satellite GPS constellation “is […]
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