Business/Financial

The Defense Department on Monday said it is investing $750 million with a new special purpose vehicle, US SIIE, LLC, that will purchase rare earth carbonates mined and processed in […]

Thousands of shipbuilder members of the International Association of Machinists and Aerospace Workers (IAM) Union Local S6 union have ratified a new five-year labor agreement with General Dynamics’ [GD] Bath […]

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Hypersonic weapons developer Castelion Wednesday night said it has raised $1 billion in a new funding round to accelerate production of its Blackbeard hypersonic weapon and develop new, longer-range strike […]

Following its win Tuesday evening to deliver up to 18 prototypes to the Army for testing and soldier experimentation, Hanwha Defense USA (HDUSA) on Wednesday said the first prototype of […]

The Pittsburgh area-based U.S. Innovation Technology Fund, L.P. has recently raised more than $1.5 billion in a private equity offering to “accredited investors,” according to a Wednesday Securities and Exchange […]

Saildrone on Tuesday said it is expanding its presence in Europe for the construction of two of its unmanned surface vessels (USVs) to fulfill the company’s first production contracts outside […]

Startup Smack Technologies on Tuesday said it has raised $61 million in a new funding round that will allow it to expand the extent of its autonomy software models to […]

L3Harris Technologies [LHX] on Monday said its board has appointed Sam Mehta as president and CEO effective immediately after agreeing to part ways with Chris Kubasik, who had led the […]

HUNTSVILLE, Ala. – Boeing [BA] this week revealed its design for the Army’s competition for a second interceptor for the Indirect Fires Protection Capability (IFPC) Increment 2 in the run […]