Business/Financial
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Business/FinancialNet Income Soars At Kratos In Fourth Quarter And 2025
Kratos Defense & Security Solutions [KTOS] on Monday reported strong earnings in its fourth quarter and fiscal year 2025 on broad strength across its operating segments. Net income in the […]
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Business/FinancialLeonardo DRS Ends Strong Year With Robust Fourth Quarter
Leonardo DRS [DRS] on Tuesday posted solid fourth quarter results driven by higher sales for radar, naval electric power and propulsion, and infrared sensing programs and a tailwind related to […]
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Business/FinancialTurbojet Engine Manufacturer PBS Aerospace In Subcontract With Zone 5
The U.S.-based business of the Czech engineering company PBS Group has signed a subcontract with missile developer Zone 5 Technologies worth “several tens of millions of dollars” to supply turbojet […]
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Business/FinancialAalyria Posts $100M Series B Funding Round
Aalyria on Monday reported $100 million in funding from its Series B financing round, placing the aerospace communications provider at a $1.3 billion valuation. Battery Ventures and J2 Ventures led […]
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Air ForceEmbraer Pledges $500 Million Investment In U.S. Production Of KC-390, If Sizeable Domestic Order Placed
MELBOURNE, Fla.—In 2024, L3Harris Technologies [LHX] backed out of a partnership begun two years earlier to develop a refueling boom for Embraer’s [EMBJ] KC-390 tanker, but on Thursday Northrop Grumman […]
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Business/FinancialSpagnoletti Named New CEO Of Ursa Major As Jablonsky Departs
Rocket motor and engine developer Ursa Major on Thursday appointed Chris Spagnoletti as its new CEO effective immediately, succeeding Dan Jablonsky who took over leadership of the company in August […]
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Business/FinancialTrump Gives Ag Secretary DPA Authorities To Boost Domestic Supply Of Herbicide Material Important For Defense
President Donald Trump on Wednesday issued an executive order directing the Agriculture Department to use the Defense Production Act (DPA) to boost the domestic supply of a critical mineral used […]
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Business/FinancialAnduril Gets $44 Million In DPA Funding To Expand Rocket Motor Production
The Defense Department has awarded Anduril Industries $43.7 million in industrial base funding to expand production capacity for solid rocket motors (SRMs). The new Defense Production Act (DPA) Title III […]
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Navy/USMCHII And Path Robotics Sign MoU To Add Physical AI Welding To Shipyards
HII [HII] on Tuesday announced a new Memorandum of Understanding (MoU) with the Ohio-based Path Robotics to integrate the latter’s physical artificial intelligence technology in order to improve shipbuilding throughput […]
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Business/FinancialSAIC Names Reagan As New CEO
Science Applications International Corp. [SAIC] on Tuesday named James Reagan as its new CEO effective immediately. Reagan, 67, had been serving as the company’s interim CEO since last October after […]