Business/Financial

Kratos Defense & Security Solutions [KTOS] on Monday said its recent win of the contract for Defense Department’s Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 first task area is […]

BWX Technologies [BWXT] last week completed its $100 million acquisition of a specialty materials business of L3Harris Technologies [LHX] that is the sole provider of depleted uranium to the U.S. […]

Earth observation company ICEYE on Wednesday said it has closed a $65 million extension to an earlier growth funding round, bringing the total amount raised in 2024 to $158 million. […]

Earnings fell at Amentum [AMTM] in fiscal 2024, although the company, which consolidated this summer with the government contracting and cyber wings of Jacobs, sees better days ahead with new […]

U.S. Space Force launched the seventh Lockheed Martin [LMT] Global Positioning System III (GPS III) satellite aboard a SpaceX Falcon 9 rocket on Monday night from Cape Canaveral Space Force […]

Building on investments made in generative artificial intelligence to strengthen its own operations, Lockheed Martin [LMT] on Monday launched a new business aimed at helping other companies in the defense […]

General Atomics Aeronautical Systems, Inc. (GA-ASI) said on Monday that it is selling three of its MQ-9B SkyGuardian drones to Poland. Based on the U.S. Air Force MQ-9A Reaper, the […]

Boeing [BA] on Monday said it hired Tony Gingiss as the new CEO of its small satellite business, Millennium Space Systems, effective Dec. 9. Millennium was being led on an […]

Those in uniform have criticized military services’ outsourcing of sustainment to industry as leading to higher costs, causing repair delays, and lowering military readiness. Last week, Sen. Elizabeth Warren (D-Mass.), […]

BRIDGETON, Mo.—When it comes to meeting projected demand for its integrated short-range air defense and counter-drone platforms, Leonardo DRS’s Land Systems unit has plenty of capacity and no supplier constraints, […]