Business/Financial
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Business/FinancialBoeing Defense Chief Leaving, As Ortberg Aims ‘To Restore Trust’ of DoD Buyers
Ted Colbert, the head of Boeing‘s [BA] Boeing Defense, Space & Security (BDS) segment for more than two years, is leaving the company amid significant profitability worries, competition from startup […]
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Business/FinancialL3Harris CEO Points to Company Investments in Startups Due to Shield Capital Partnership
NATIONAL HARBOR, Md.—L3Harris Technologies [LHX] has leveraged startup firms’ technology advances due to a Shield Capital-L3Harris partnership announced in March, 2022, L3Harris CEO Chris Kubasik told reporters at the Air […]
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Advanced / Transformational TechnologyMerlin Launches Business Unit To Expand Focus On End-To-End Autonomy Solutions
NATIONAL HARBOR, Md.—Merlin, a small company developing autonomous capabilities for military aviation, this week said it has launched a new business unit that expands its focus beyond the routine functions […]
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Business/FinancialFairbanks Morse To Acquire Rolls-Royce Naval Propulsors And Handling Business
Fairbanks Morse Defense (FMD) on Thursday said it has agreed to acquire Rolls-Royce’s naval business that supplies propellers, waterjets, and mission bay handling systems in a deal that expands its […]
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ArmyMicrosoft Integrates Anduril’s Lattice Software Platform With IVAS
Anduril Industries is working with prime contractor Microsoft [MSFT] to integrate the startup’s Lattice software into Microsoft’s augmented reality headset being developed for the Army to warn soldiers of autonomously-detected […]
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Navy/USMCAustal Nabs $450 Million GD Award To Expand Sub Module Production
General Dynamics’ Electric Boat [GD] awarded Austal USA a $450 million contract to increase its infrastructure to design, construct and outfit new submarine modules for the U.S. submarine’s prime contractor, […]
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Business/FinancialCACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion
CACI International [CACI] on Monday said it has agreed to acquire Azure Summit Technology for $1.3 billion in a cash deal that adds to the company’s products and capabilities supporting […]
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Business/FinancialBoeing Commercial Airplanes Workers On Strike After Union Members Reject Contract Offer
More than 30,000 Boeing [BA] employees began a strike last Friday at the company’s Commercial Airplanes’ facilities in the Pacific Northwest after union members voted overwhelmingly last Thursday to reject […]
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Business/FinancialMerlin, EpiSci Deal Falls Through
Merlin on Thursday said its planned acquisition of fellow aircraft autonomy pilot developer EpiSci has been called off although no reason was given. In June, Merlin announced its agreement to […]
![Mockup of the AGM-158 XR extreme range cruise missile. (Image: Lockheed Martin]](https://www.defensedaily.com/wp-content/uploads/2024/09/agm-158-xr-mockup-photo-300x86.png)