Business/Financial
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Air ForceKnowing Lower Level Suppliers Continues As Challenge for Department of the Air Force
The Department of the Air Force faces a continued challenge of knowing all of its lower level suppliers for weapon systems, according to service acquisition chief Andrew Hunter. “We share […]
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Business/FinancialRTX Bounces Back With Strong Third Quarter Driven By Commercial And Defense Work
After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX [RTX] on Tuesday posted strong results in its third quarter led by gains […]
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Business/FinancialThales To Acquire Boeing Unit Serving Intelligence Market
A U.S. based business of France’s Thales will acquire a small unit of Boeing [BA] that serves the intelligence, defense, and homeland security markets. Terms of deal were not disclosed. […]
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Business/FinancialAirbus to Cut 2,500 Jobs in Defence and Space
Airbus Defence and Space plans to cut up to 2,500 positions within the group as it reorganizes after financial troubles. Airbus announced the cuts last week and said they will […]
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Air ForceTarantulas and Asian Giant Hornets Subplot in RTX Settlement with DoJ
Tarantulas and Asian giant hornets in Taiwan are a subplot of a nearly $1 billion settlement RTX [RTX] reached last week with the U.S. Department of Justice (DOJ). Deterring a […]
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Business/FinancialInternational Growth A Key Focus Area For Lockheed Martin’s Integrated Systems And Sensors Business
Radars, launchers, and combat systems are all key product areas that will help drive international growth over the next year and more at Lockheed Martin’s [LMT] Integrated Warfare Systems and […]
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Advanced / Transformational TechnologyHoneywell, Merlin Partner On Autonomous Flight Technology
Honeywell [HON], a supplier of avionics systems, and Merlin, a small company developing software for autonomous military aviation, have partnered to bring more autonomy to military and commercial aircraft. The […]
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Business/FinancialRTX In Nearly $1 Billion Settlement With U.S. Government To Resolve Fraud, False Claims, Bribery Charges
The U.S. government on Wednesday said it has resolved several legal matters with RTX [RTX] requiring the defense contractor to pay more than $950 million in penalties. The allegations against […]
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Advanced / Transformational TechnologyArmy Chief Makes Case for ‘Easy, Intuitive’ Systems Needing Fewer Industry Field Service Representatives
U.S. Army Chief of Staff Gen. Randy George on Wednesday made the case for fielding “easy, intuitive” systems that require significantly less support from original equipment manufacturer (OEM) representatives in […]
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ArmyArmy Not Expecting Boeing Layoffs To Impact Apache, Chinook Programs
Senior Army officials said Monday the service is not expecting an impact to Boeing [BA] programs, including the Apache and Chinook helicopters, in the wake of the company’s plan to […]