Business/Financial
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Business/FinancialTerran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance
Terran Orbital [LLAP] grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results […]
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Business/FinancialSouth Korea’s Hanwha Group Makes Unsolicited Offer For Australian Shipbuilder Austal
Australian shipbuilder Austal, which also has operations in the U.S., on Tuesday confirmed it has received an unsolicited acquisition offer from South Korean multi-industrial conglomerate Hanwha Group but said it doubts […]
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Advanced / Transformational TechnologyLockheed Martin Makes Venture Investment In Space Propulsion Company Helicity
Helicity Space, a small startup developing fusion space propulsion and power technology, on Tuesday said it has received an investment from Lockheed Martin Ventures that will be used to advance […]
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Business/FinancialJaramillo Out as Jacobs CFO
Claudia Jaramillo, Jacobs Solutions’ chief financial officer, will leave the Dallas-based company effective April 15 after less than a year in the job, the company said Monday in a regulatory […]
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Unmanned SystemsChesapeake Technology Acquires Small Developer Of UAS, Edge Communications Capabilities
Chesapeake Technology International Corp. (CTI) on Monday said it has acquired Asymmetric Technologies, LLC, a small developer and supplier of open architecture capabilities for unmanned aircraft systems (UAS) and edge […]
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Business/FinancialHoneywell To Acquire Italian PNT Company To Bolster Autonomous Capabilities
Honeywell [HON] on Wednesday said it has agreed to acquire Italy’s Civitanavi Systems S.p.A., a provider of position, navigation, and timing (PNT) technology to the aerospace, defense, and industrial markets, […]
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Business/FinancialFairbanks Morse Defense Acquires Fittings Manufacturer Supporting Navy
Fairbanks Morse Defense (FMD) on Tuesday said it has acquired AMMCON Corp., a small manufacturer of fittings and assembled components for Navy submarines and ships, a deal that expands FMD’s […]
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CyberAirbus Defence To Acquire German Cybersecurity Firm INFODAS
Airbus Group’s defense business on Monday said it has agreed to acquire Germany’s INFODAS, which provides cybersecurity and information technology solutions to the defense and critical infrastructure markets. Terms of […]
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Business/FinancialBoeing Shakes Up Senior Leadership Amid Commercial Woes
Boeing [BA] President and CEO Dave Calhoun on Monday said he will step down at the end of 2024, initiating a leadership transition as the aerospace and defense giant continues […]
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Advanced / Transformational TechnologyKratos’ Chief Suggests DoD Experiment With $5 Billion Annually To Buy Innovative Technologies Off-The-Shelf
The Defense Department should spend $5 billion annually over a three-year period to buy production-ready systems that almost, but do not quite currently, meet requirements to help innovative technology companies […]