Business/Financial

Spending by the Defense Department in 2024 on the top 100 startups with dual-use and defense technology more than doubled versus 2023 but remains less than 1 percent of the […]

The Defense Department on Wednesday asked for public comment on a presidential directive to reform how the department acquires stuff, including mandating a preference for commercial solutions. The public has […]

HavocAI on Tuesday said it is collaborating with Lockheed Martin’s [LMT] Ventures unit to accelerate the development and production of autonomous medium unmanned surface vessels (mUSVs). Lockheed Martin Ventures typically […]

BlackSky Technology [BKSY] has two Generation-3 Earth imaging satellites on orbit and plans to have six up by the end of the year, as the company said on Tuesday that […]

Italy’s shipbuilder Fincantieri appointed George Moutafis as the next CEO of U.S. subsidiary Fincantieri Marine Group (FMG), effective July 1. Moutafis succeeds Marco Galbiati, who had served as CEO since […]

Incoming Boeing [BA] Chief Financial Officer Jay Malave will be working under several temporary restrictions related to the company’s defense business and work done by his former employer Lockheed Martin […]

Moog Inc. [MOG.A] on Monday said it has acquired COTSWORKS Inc., a designer and manufacturer of fiber optic components for aerospace and defense applications, for $63 million. COTSWORKS has more […]

Palantir Technologies [PLTR] will use its Warp Speed digital data platform to help the Navy accelerate the production of warships in partnership with BlueForge Alliance (BFA), a non-profit focused on […]

Parsons Corp. [PSN] on Tuesday said it has acquired Chesapeake Technologies International (CTI) in an $89 million deal that strengthens its position with U.S. Special Operations Forces and in the […]

Steve Parker, a long-time Boeing [BA] veteran who has led the company’s defense segment in an acting capacity since last September, has been named president and CEO of the business […]