Business/Financial

Italy’s shipbuilder Fincantieri appointed George Moutafis as the next CEO of U.S. subsidiary Fincantieri Marine Group (FMG), effective July 1. Moutafis succeeds Marco Galbiati, who had served as CEO since […]

Incoming Boeing [BA] Chief Financial Officer Jay Malave will be working under several temporary restrictions related to the company’s defense business and work done by his former employer Lockheed Martin […]

Moog Inc. [MOG.A] on Monday said it has acquired COTSWORKS Inc., a designer and manufacturer of fiber optic components for aerospace and defense applications, for $63 million. COTSWORKS has more […]

Palantir Technologies [PLTR] will use its Warp Speed digital data platform to help the Navy accelerate the production of warships in partnership with BlueForge Alliance (BFA), a non-profit focused on […]

Parsons Corp. [PSN] on Tuesday said it has acquired Chesapeake Technologies International (CTI) in an $89 million deal that strengthens its position with U.S. Special Operations Forces and in the […]

Steve Parker, a long-time Boeing [BA] veteran who has led the company’s defense segment in an acting capacity since last September, has been named president and CEO of the business […]

RTX [RTX] is integrating Shield AI’s Hivemind autonomy pilot software into an operational weapon that will allow it to autonomously coordinate and collaborate with other systems equipped with the same […]

Jay Malave, who abruptly left Lockheed Martin [LMT] in April as their chief financial officer (CFO), will join Boeing [BA] in the same role in August. Malave on Aug. 15 […]

U.S. Navy shipbuilder HII [HII] and enterprise AI application software company C3.ai, Inc. [AI] announced the expansion of their partnership aimed at accelerating shipbuilding throughput. In a Monday announcement, the […]

TransDigm Group Inc. [TDG] on Monday said it has agreed to acquire the Simmonds Precision Products business from RTX [RTX] for $765 million, a deal that is in line with […]