Business/Financial

General Dynamics [GD] on Monday said its Information Technology (IT) sector has acquired Iron EagleX (IEX), a small business that expands GDIT’s mission solutions in artificial intelligence and machine learning […]

Boeing [BA] and union leaders that represent its Commercial Airplanes workforce in the Pacific Northwest announced a tentative agreement on a new labor contract that provides the more than 33,000 […]

AeroVironment [AVAV] on Wednesday reported record first quarter fiscal year 2025 revenue driven by its soaring loitering munitions business and the company also benefited from robust demand for its other […]

Science Applications International Corp. [SAIC] on Thursday reported a steep decline in net income in its second quarters versus a year ago when the company benefited from the sale of […]

Peraton on Tuesday named Steve Schorer as its incoming chairman, president, and CEO, and also said that that Stu Shea, who had led the company since it was created in […]

The State Department last Friday said that aerospace and defense contractor RTX [RTX] has agreed to pay $200 million in penalties to resolve self-disclosed unauthorized defense exports, including classified articles, […]

Austal Limited agreed to pay $24 million to settle an investigation by the Justice Department and Securities and Exchange Commission (SEC) into an accounting fraud scheme, the U.S. government said […]

Palantir Technologies [PLTR] on Thursday said it has hired former Wisconsin Congressman Mike Gallagher (R) to “help lead” the company’s defense business. The software company posted on LinkedIn that “Gallagher’s […]

DEFCON AI on Tuesday said it has raised $44 million in seed funding to expand its team, bolster research and development, and extend its solutions for building resiliency into military […]

Hanwha Defense USA on Monday announced the departure of CEO John Kelly, who is being succeeded by Michael Smith, a former executive with Lockheed Martin [LMT], HII [HII], and BAE […]