Business/Financial

The private equity firm Cerberus Capital Management last Thursday said it has acquired the Calspan hypersonic and defense test systems business from TransDigm [TDG] and will create a new portfolio […]

Marking a major expansion in the Defense Department’s premier effort to create greater battlespace awareness in near-real-time for its theater commands and key staff, the Chief Digital and Artificial Office […]

Boston-based Merlin Labs, Inc. said on May 30 that it is using data from flights of a KC-135 at MacDill AFB, Fla., “to better understand crew workload drivers and gather […]

Terran Orbital is making changes to its executive team, hiring a new COO, CFO, and chief accounting officer (CAO). The company said Wednesday that Peter Krauss will join Terran Orbital […]

Engine developer and manufacturer Ursa Major has hot-fired its new Draper liquid engine dozens of times since the first test in early March, a strong early endorsement of the performance […]

TransDigm Group [TDG] on Tuesday said it has agreed to acquire Raptor Scientific, a manufacturer of proprietary test and instruments equipment for aerospace, defense, and other industries, from the private […]

The House Armed Services Committee (HASC) on Wednesday approved a provision that would direct the Defense Department to study whether it should create a panel of stakeholders and experts to […]

The Defense Department’s office charged with monitoring the health of the defense industrial base (DIB) is seeking public input on how it can enable the vendors, and their suppliers, that […]

One of the Aerospace Industries Association’s (AIA) 22 bullet point priorities for the fiscal 2025 defense authorization bill is to limit contracting officers in buying “not more than one lot […]

The Aerospace Industries Association (AIA) wants Congress in the upcoming fiscal 2025 defense authorization bill to reduce barriers to cooperation with foreign allies and partners to help fulfill current and […]