Business/Financial
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Business/FinancialNorthrop Grumman Takes Charges On GEM 63XL, SiAW In Second Quarter
Northrop Grumman [NOC] on Tuesday reported another charge on a large solid rocket motor program that suffered an anomaly during a launch in February, and also said development work on […]
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Business/FinancialNorthrop Grumman To Produce SRMs For PAC-3 Missiles As Second Source
A solid rocket motor (SRM) being developed by Northrop Grumman [NOC] was qualified in June as a second source to power Patriot air defense missiles and the company expects a […]
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Business/FinancialTrump Tries Tightening Defense Contractors Access To Strategic Materials Sourced From Adversaries
President Donald Trump on Monday issued an executive order directing the Defense Department to restrict waivers sought by defense contractors when sourcing critical materials from adversary nations, specifically China, Iran, […]
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Business/FinancialKarman To Acquire UK-Based Missile Component Supplier In First Deal Outside U.S.
Karman Space & Defense [KRMN] on Monday said it has agreed to acquire United Kingdom-based Walker Precision Engineering in a $94 million deal that adds subsystems used by European missile […]
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Business/FinancialShield AI, GE Integrate Advanced Vectoring Nozzle For X-BAT Engine
Shield AI and GE Aerospace [GE] on Monday said they have completed integration of an advanced vectoring exhaust nozzle, including actuation and engine light-off testing, into the engine that will […]
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Business/FinancialPentagon’s Strategic Capital Office To Support Credit Funds Investing In Critical Minerals Companies
The Defense Department on Thursday said its Office of Strategic Capital (OSC) has established a new mechanism to provide capital to private lenders that will pool funds from investors and […]
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Business/FinancialLockheed Martin Carves Out $100 Million For Venture Fund In UK, Europe
Lockheed Martin [LMT] will dedicate $100 million of its venture capital fund to investments in the United Kingdom and Europe, tapping into an emerging innovation ecosystem that in turn can […]
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Business/FinancialSaronic Picks Brownsville, Texas, For Port Alpha, Promises Largest Shipyard In U.S.
Saronic on Thursday announced it selected Brownsville, Texas, to be the site of its future Port Alpha shipyard that it promises to become the largest shipyard in the U.S. Phase […]
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Business/FinancialSingularity, Startup Developing Low-Cost Air Defense Systems, Exits Stealth With $80 Million Round
Singularity, a startup developing low-cost air defense systems to counter similarly low-cost munitions, has emerged from stealth with an $80 million funding round let by Khosla Ventures and Felicis. The […]
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Business/FinancialPentagon Invests $25 Million With ReElement To Process Recycled Magnets
The Defense Department on Monday said it awarded ReElement Technologies $25 million to expand processing of recycled rare earth magnets and other materials for use in domestic production of critical […]