Business/Financial
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PentagonContractor Progress Payments Increased to 90 Percent, As RFO Moves Into Formal Rulemaking
Monthly progress payments for defense contractors increase to 90 percent under the Revolutionary FAR Overhaul (RFO), as the latter’s first four proposals moved into formal rule making on Tuesday. RFO […]
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Business/FinancialMDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market
MDA Space is acquiring spacecraft manufacturer Blue Canyon Technologies from Raytheon [RTX] to give the company a direct position in the U.S. defense market. The acquisition will give the Canadian space company a “strategic […]
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PentagonEnergy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains
The Defense Department’s Office of Strategic Capital (OSC) has agreed to loan $725 million to Energy Fuels, Inc. [UUUU], to help the company expand its business from uranium production to […]
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Business/FinancialTrump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry
President Donald Trump last week invoked a decades old law that gives the federal government emergency authorities to control domestic industries, in this case enabling the defense industrial base around […]
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Business/FinancialLockheed Martin Exploring Production Help With GM Defense
Lockheed Martin [LMT] and GM Defense on Tuesday said they have signed an memorandum of understanding (MoU) to explore ways to leverage GM’s commercial manufacturing expertise in support of accelerating […]
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Business/FinancialPentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion
The Defense Department’s Office of Strategic Capital (OSC) on Tuesday said it has agreed to provide Phoenix Tailings a conditional $500 million loan for the processing of rare earth elements […]
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Business/FinancialGilat to Acquire Comtech’s Satellite and Space Business, Targeting US Defense Growth
Gilat Satellite Networks has moved to acquire Comtech’s [CMTL] Satellite and Space Communications segment, in a deal announced Monday to bring together two major players in the satellite ground technology segment. Gilat, […]
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UncategorizedHoneywell To Complete Aerospace Spin-Off On June 29
Honeywell’s [HON] board on Monday set June 29 as the date to complete the spin-off of the company’s $17.5 billion aerospace business, part of a planned split into several public […]
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Business/FinancialCSIS Releases Report On Rocket Motor Industrial Base Challenges And Opportunities
The industrial base for solid rocket motors (SRMs) is benefiting from a growing demand signal for the missiles and munitions they power and new acquisition reforms, but challenges remain to […]
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Business/FinancialKongsberg Completes Acquisition Of Zone 5 Technologies
Norway’s Kongsberg on Wednesday said it has completed its acquisition of California-based Zone 5 Technologies, adding a U.S.-based developer and manufacturer of low-cost missiles to its portfolio. The value of […]