Business/Financial
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Business/FinancialGD Posts Strong First Quarter On Defense, Business Jet Gains
General Dynamics [GD] on Wednesday reported strong first quarter results led by its Combat Systems segment followed by its shipbuilding and aerospace businesses, although the bottom-line narrowly missed consensus estimates. […]
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Business/FinancialLockheed Martin Pegs Third Quarter For F-35 Tech Refresh 3 Deliveries
Flight testing of F-35 fighters with new data upgrades is underway and aircraft with the technology refresh are expected to be delivered beginning in the third quarter, and overall this […]
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Business/FinancialRTX’s Earnings Benefit From One-Time Gains; Boosting Missile Integration Capacity
RTX [RTX] opened 2024 with strong sales growth led by its commercial aerospace businesses and net income was higher on one-time gains that more than offset various charges. Net income […]
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Business/FinancialSigma Defense Acquires EW Technologies Company EWA
Sigma Defense on Monday said it has acquired EWA Inc., a small developer and provider of electronic warfare (EW) products and services, enhancing its ability to provide combined joint all […]
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Business/FinancialPrivate Equity Firm Arcline Completes Acquisition Of Kaman
Arcline Investment Management last Friday completed its $1.8 billion acquisition of Kaman Corp., taking the aerospace and defense company private. Arcline paid Kaman stockholders $46 per share in cash. The […]
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Advanced / Transformational TechnologyGhost Shark Autonomous Submarine A ‘Mothership’ For Other Autonomous Systems
A new stealthy, autonomous submarine being developed by Anduril Industries for Australia’s navy has been designed with a software-first approach that will leverage the company’s artificial intelligence-based operating system and […]
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Business/FinancialPrivate Equity Firm, Special Aerospace Service Create Space And Defense Technology Platform Company
Godspeed Capital and Special Aerospace Services (SAS) have partnered to create a platform company under the SAS brand that is focused on new space, hypersonics, and missile defense technology and […]
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Business/FinancialAnduril Partners With Hyundai On Autonomous Naval Systems
Anduril Industries last Saturday said it has entered a strategic partnership with South Korea’s HD Hyundai Heavy Industries that will leverage the U.S. defense startup’s expertise in autonomy and artificial […]
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Business/FinancialAccenture Federal Acquires IT Solutions Provider Cognosante
Accenture Federal Services on Monday said it has agreed to acquire Cognosante, a provider of digital transformation and cloud modernization solutions for federal agencies. Terms of the deal, which is […]
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Business/FinancialKanders & Company To Acquire Antenna And Test Equipment Businesses From L3Harris
The investment firm Kanders & Company last Friday said it has agreed to acquire three businesses for $200 million from L3Harris Technologies [LHX] involved in antennas and test equipment, which […]