Business/Financial
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Business/FinancialKansas Senator Questions Defense Industrial Base Impact, If Boeing Buys Spirit Aerosystems
Sen. Jerry Moran (R-Kan.) on May 15 questioned the impact of Boeing‘s [BA] proposed buy of Wichita-based Spirit Aerosystems [SPR], which supplies commercial and military programs, including the Airbus A350 […]
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Business/FinancialTerran Orbital Wins Lockheed Martin Tranche 2 Subcontract, Reports $27M in Q1 Revenue
Lockheed Martin [LMT] awarded Terran Orbital [LLAP] a subcontract on May 13 to produce 18 satellite buses for its Tranche 2 (T2) Tracking Layer contract for the Space Development Agency. Terran […]
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Business/FinancialNorthrop Grumman Announces Leadership Changes For CFO, Defense And Mission Systems
Northrop Grumman [NOC] on Tuesday announced several pending leadership changes, including the retirement of Dave Keffer, the company’s chief financial officer, and new leaders at two of its operating segments. […]
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Business/FinancialL3Harris Marks Progress On DoD Contract To Increase SRM Capacity
L3Harris Technologies’ [LHX] Aerojet Rocketdyne company is acquiring new equipment, designing new facilities, and moving some manufacturing under a year-old Defense Department contract to increase production capacity for solid rocket […]
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Business/FinancialFincantieri To Acquire Leonardo’s Torpedo, Underwater Acoustic Business
Italian shipbuilding company Fincantieri on Thursday said it has agreed to acquire the torpedo production and underwater acoustic technologies business of Italian defense contractor Leonardo for $323 million up front […]
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Business/FinancialJacobs Earnings Dip, Company Secures Some Approvals For Amentum Deal
Earnings fell at Jacobs [J] in the second quarter of its fiscal 2024, which the international engineering and technical services company attributed to a $95-million share repurchase program. Importantly, Jacobs […]
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Business/FinancialEarnings Up at BWXT But Tough Competition, Staff Ramp-Up On Uranium Work Slow Government Ops Growth
Earnings rose at BWX Technologies [BWXT] in the first quarter, during which the company said Monday it cranked out more naval-nuclear components but made less money on government business overall […]
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Business/FinancialPublic Safety Tech Company Axon To Acquire Counter-Drone Supplier Dedrone
Axon [AXON] on Tuesday said it has agreed to acquire counter-drone and airspace security company Dedrone, adding a new capability to the public safety technology company’s product roadmap. Terms of […]
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SpaceMaxar In Long-Term Deal To Supply Geospatial Products For F-35 Simulator
Maxar Intelligence on Monday said it agreed to a long-term deal with Lockheed Martin [LMT] to provide two- and three-dimensional geospatial products for the F-35 fighter’s Full Motion Simulator (FMS) […]
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Advanced / Transformational TechnologyBlueHalo, Maritime Platform Developer Kraken Partner On Autonomous Operations
BlueHalo and United Kingdom-based Kraken Technology Group last Friday said they have formed a strategic partnership to integrate the U.S.-based company’s artificial intelligence and machine learning-based autonomous mission systems into […]