Business/Financial
-
Business/FinancialMetallus In $99 Million Deal With Army For Expand Metals Capacity For Artillery Shells
Metallus [MTUS] on Tuesday said it has entered an agreement with the Army for up to $99 million to expand the company’s capacity to produce specialty metals used in the […]
-
Business/FinancialBWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’
Earnings rose at BWX Technologies [BWXT] for 2023, which the maker of nuclear naval reactors and manager of nuclear weapons sites attributed Tuesday mostly to favorable adjustments on government contracts. […]
Tagged in: -
Business/FinancialFrench RF Satellite Solutions Company Unseenlabs Raises $92 Million In Funding Round
Unseenlabs on Tuesday said it has closed a $92 million funding round that will help the company further expand its observation capabilities with an expanding constellation of radio frequency sensing […]
-
Business/FinancialGaramendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions
Concerned about over consolidation of the defense industrial base (DIB), a pair of Democratic House and Senate members last week asked the Defense Department a series of questions about the […]
-
PentagonACMI To Establish Munitions Campus In Indiana
The American Center for Manufacturing & Innovation (ACMI) last week said it will establish a campus in Indiana devoted to technologies for munitions as part of a Defense Department program […]
-
Advanced / Transformational TechnologyGlobalFoundries Would Expand Chip Manufacturing For Defense, Other Industries With $1.5 Billion Federal Investment
The Biden administration on Monday announced a potential $1.5 billion direct investment with semiconductor manufacturer GlobalFoundries [GFS] to expand computer chip production capacity in the U.S. in support of industries […]
Tagged in: -
Business/FinancialLiDAR Satellite Startup NUVIEW Acquires Astraea To Strengthen Imagery-Based Analytics
NUVIEW, a startup developing commercial LiDAR satellites for global 3D mapping, has acquired Astraea, which provides a software-as-a-service platform to provide analytics insights from satellite, aerial, and drone imagery. Terms […]
Tagged in: -
Business/FinancialFluor Posts Fourth Quarter Loss
Earnings fell at Fluor [FLR] in the fourth quarter, which the engineering and construction company, active in the Department of Energy nuclear weapons complex, attributed Tuesday to a legal settlement […]
Tagged in: -
InternationalSouth Korea Renews PBL Contract with Pratt & Whitney for F-15, F-16 Engine Sustainment
South Korea’s Defense Acquisition Program Administration has awarded RTX‘s [RTX] Pratt & Whitney a $355 million performance-based logistics (PBL) contract to sustain the F100 engine for the country’s F-16 and […]
Tagged in: -
Business/FinancialBAE Set To Close Ball Aerospace Acquisition After Receipt Of Regulatory Approvals
BAE Systems in the coming days will close its $5.6 billion acquisition of Ball Aerospace after receiving all required regulatory approvals, the company said on Wednesday morning. Ball Aerospace will […]