Business/Financial
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Air ForceAvio Considering Sites for U.S. Solid Rocket Motor Plant
Avio USA, a subsidiary of Italy’s Avio S.p.A, is considering sites for Avio’s first solid rocket motor (SRM) plant in the United States. The company said that it has picked […]
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SpacePropulsion and On-Orbit Servicing Areas for OSC Investment
Propulsion and on-orbit repair and refueling of satellites are underfunded innovation areas that the DoD Office of Strategic Capital (OSC) has looked to take on. “Our 2024 investment strategy talks […]
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Business/FinancialLeidos Swings To Profit In Third Quarter; Restarting Glide Munition Production
Leidos [LDOS] on Tuesday reported strong third quarter financial results led by its health and defense segments and the company raised its guidance for 2024 and set expectations for further […]
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Unmanned SystemsHoneywell Partners with Near Earth Autonomy In Autonomous Rotorcraft Competitions
Avionics supplier Honeywell [HON] on Monday announced the start of an investment and collaboration agreement with autonomy provider Near Earth Autonomy to bid on for autonomous rotorcraft. Honeywell said the […]
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Business/FinancialL3Harris Reports Solid Third Quarter; Efficiency Initiative Delivering
L3Harris Technologies [LHX] last Thursday reported solid third quarter results with mid-single digit organic sales and net income growth. Net income rose 6 percent to $404 million, $2.10 earnings per […]
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Business/FinancialNorthrop Grumman Reports Higher Earnings, Sales In Third Quarter
Solid operating performance combined with a pension benefit and a lower tax rate lifted Northrop Grumman [NOC] net income in the third quarter amid a slight increase in sales. Net […]
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InternationalU.S. State Department Clears $7.3 Billion for F-16 Viper Mid-Life Upgrade
The U.S. State Department has approved an up to $7.3 billion foreign military sale to Poland of the Lockheed Martin [LMT] F-16 Viper Midlife Upgrade, the Defense Security Cooperation Agency […]
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Business/FinancialCore Commercial, Defense Businesses Will Remain But Portfolio Review Underway At Boeing, Ortberg Says
New Boeing [BA] Chief Kelly Ortberg has initiated a portfolio review to assess what adds to the company and what does not but said on Wednesday that the core commercial […]
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Business/FinancialDoD, SBA License First Funds For Program To Invest Billions In Firms Working On Critical Tech
The Pentagon and the U.S. Small Business Administration (SBA) said Tuesday they have licensed a group of 13 investment funds for a project to leverage private capital to help drive […]
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Business/FinancialF-35 Weighs On Lockheed Martin In Third Quarter; Next Production Award Looms
Higher internal spending on the F-35 fighter program pressured earnings and sales at Lockheed Martin [LMT] in the third quarter as the company awaits a wrap on negotiations for the […]