Business/Financial
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Advanced / Transformational TechnologyLockheed Martin, BAE Systems Advanced R&D Groups Partner On Autonomous Aircraft Systems
Lockheed Martin [LMT] and Britain’s BAE Systems on Tuesday said their respective advanced research and development (R&D) organizations are partnering on the development of cost-effective, modular uncrewed autonomous air systems […]
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Unmanned SystemsAIRO, Ukraine’s Nord Drone, Plan On Joint Venture To Scale Production, Increase Offerings
AIRO Group Holdings [AIRO] and Ukrainian combat drone manufacturer Nord Drone Group plan to create a joint venture that will enable U.S.-based AIRO to expand its unmanned aircraft systems (UAS) […]
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Navy/USMCAustal Signs Outsourcing Agreement With Master Boat Builders
Austal USA entered into a strategic outsourcing agreement with Master Boat Builders, Inc. that they billed as a way to increase the shipbuilding industrial base capacity and accelerate delivery for […]
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Business/FinancialPBS Aerospace Opens Turbojet Engine Facility In Georgia
PBS Aerospace, a business of Czech-based engineering company PBS Group, on Thursday established its headquarters in Georgia, where the turbojet engine manufacturer also opened a new facility to build propulsion […]
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Business/FinancialSafran’s U.S. Business To Acquire Sensing Company Attollo Engineering
Safran Defense and Space, Inc. (DSI) on Thursday said it has agreed to acquire Attollo Engineering, a small company specializing in compact imaging and laser sensing systems. Terms of the […]
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Business/FinancialTax Benefit Boosts SAIC’s Income In Second Quarter But Sales Dip On Federal Contracting Challenges
Science Applications International Corp. [SAIC] on Thursday posted mixed financial results in its second quarter with sales down slightly due to several government contracting challenges, and net income up on […]
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Advanced / Transformational TechnologySpace Solar Power Company Boosts Funding Round With Lockheed Martin Investment
New Mexico-based startup mPower Technology, Inc., said it has received an investment from Lockheed Martin [LMT] that will help accelerate the company’s efforts to scale production of its solar modules. […]
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Navy/USMCHanwha Invests Another $5 Billion In Philly Shipyard
South Korean conglomerate Hanwha this week announced it is investing another $5 billion in its Philly Shipyard via a new infrastructure plan to boost production capacity. Hanwha bought the shipyard […]
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Business/FinancialTrump Administration Mulls Equity Stakes In Defense Industry, Raising Questions
Commerce Secretary Howard Lutnick on Tuesday said the U.S. government is considering taking equity stakes in U.S. defense contractors, a move that defense analysts argued raises a raft of issues […]
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Business/FinancialPDW Opens New Drone Factory In Huntsville, Aims To Build 60,000 UAS Annually
Performance Drone Works (PDW) has opened up a new manufacturing facility in Huntsville, Alabama where it says it will have capacity to build over 60,000 systems annually. The new 90,000 […]