Business/Financial

TransDigm Group [TDG] last Thursday said it has agreed to acquire the Electron Device business of Communications & Power Industries (CPI) for $1.4 billion in a deal that adds proprietary […]

Satellite imagery provider BlackSky [BKSY] posted a net income of $675,000 in the third quarter of 2023, marking the first time the company has posted a positive net income. However, […]

BigBear.ai [BBAI] on Monday said it has agreed to acquire Pangiam in a $70 million stock transaction that will add new capabilities in artificial intelligence and customers. BigBear.ai and Pangiam […]

HII [HII] on Thursday posted solid third quarter results with sales and earnings up 7 percent and the company increased its 2023 outlook for sales and free cash flow. The […]

The National Geospatial-Intelligence Agency (NGA) had said that companies provide NGA and the National Reconnaissance Office (NRO) 50,000 electro-optical (EO) commercial images weekly. NGA is now further delineating that figure. […]

Following up on the company’s announcement earlier this week that it would realign into five sectors, Leidos [LDOS] on Thursday announced the leaders for each sector and the heads of […]

Leonardo DRS [DRS] on Thursday reported strong operating results in its third quarter although net income tumbled due to two earlier divestitures. Net income of $47 million, 18 cents earnings […]

Leidos [LDOS] in 2024 will reorganize into five operating sectors to improve operations and unlock top and bottom-line growth opportunities and the company will also upgrade and add to its […]

Shield AI on Tuesday said it has raised another $200 million in venture capital for scaling and deploying the company’s new autonomous piloting software aboard the company’s V-BAT unmanned aircraft […]

Maxar Intelligence has named Dan Smoot as CEO, after Maxar Technologies recently split into two businesses — Maxar Space Infrastructure and Maxar Intelligence. The satellite imagery-focused company announced the move on Monday, along with a […]