Business/Financial
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Business/Financial
GD Posts Higher Sales, Earnings In Fourth Quarter; Sees Bright 2024
General Dynamics [GD] on Wednesday reported higher sales and earnings in its fourth quarter, although results across its operating segments were mixed. Net income rose a percent to $1 billion, […]
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Business/Financial
Earnings, Sales Flat In Fourth Quarter But Beat Lockheed Martin’s Expectations
Lockheed Martin [LMT] on Tuesday posted flat earnings and a scant decline in sales in the fourth quarter, but the results were better than the company had forecast, leading to […]
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Congress
Gallagher Issues Rallying Cry for Multi-Year Procurement of Key Munitions
Multi-year procurement (MYP) of key munitions is vital to rebuild U.S. stockpiles, Rep. Mike Gallagher (R-Wis.), said on Jan. 23. Gallagher chairs the House Select Committee on the Chinese Communist […]
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Business/Financial
White House Interested In Getting New Defense Technologies To Ukraine, Planner Behind NSC Tech Meeting Says
A key takeaway from a recent meeting between the White House National Security Council (NSC) and executives from defense technology startups is that the White House wants to get new […]
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Business/Financial
Arcline Investment To Take Kaman Private For $1.8 Billion
Kaman Corp. [KAMN] last Friday said it has agreed to be acquired by the private equity firm Arcline Investment Management for $1.8 billion in cash, taking the nearly 80-year-old aerospace […]
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Business/Financial
NewMarket Acquires Solid Rocket Motor Additives Company AMPAC Intermediate
NewMarket Corp. [NEU] on Wednesday said it has acquired AMPAC Intermediate Holdings, LLC for $700 million in cash from the private equity firm AE Industrial Partners, adding to its portfolio […]
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Business/Financial
HII Names New Head Of Australia Business With AUKUS Focus
HII [HII] on Wednesday said that Michael Lempke has been put in charge of the company’s business in Australia, including supporting the Australia-United Kingdom-United States (AUKUS) trilateral partnership. Lempke, who […]
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Unmanned Systems
Airbus To Acquire U.S.-Based UAS Developer Aerovel
Airbus Group’s helicopters segment this week said it has agreed to acquire Aerovel, a U.S.-based developer and manufacturer of the Flexrotor small tactical unmanned aircraft system (UAS) in a deal […]
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Business/Financial
Booz Allen Invests In Software Firm Second Front Systems
Booz Allen Hamilton [BAH] on Tuesday said its ventures arm has made a strategic investment in Second Front Systems (2F), which is focused on accelerating commercial software solutions into the […]
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Business/Financial
Firehawk Aerospace Nabs Army, Air Force SBIR Awards To Further Rocket Motor, Engine Development
Firehawk Aerospace, a Texas-based startup that bills itself as a propulsion solutions company, in the past two weeks has announced two separate awards from the Army and Air Force to […]
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