Business/Financial

Unlike a federal government shutdown, a default would not halt fiscal 2023 appropriations, and large defense contractors’ cash reserves could help tide those companies over, yet downstream effects of a […]

Science Applications International Corp. [SAIC] on Thursday said that Nazzic Keene, the company’s CEO since 2019 and a board member, will retire Oct. 1 and be succeeded by Tone Townes-Whitley, […]

The cybersecurity firm SpiderOak, which is focused on protecting data related to space systems, has received a new round of investments from Accenture [ACN], Raytheon Technologies [RTX], and Stellar Ventures […]

General Dynamics Information Technology (GDIT) this week said it has launched an information technology strategy to advance research and technology capabilities, bolster its talent, and expand partnerships with commercial technology […]

HEICO Corp. [HEI] on Monday said it has agreed to acquire Wencor Group for nearly $2.1 billion in a deal that complements its business supply aftermarket parts for commercial and […]

The Defense Department needs to be more consistent in its plans and outlook for developing and acquiring hypersonic weapons to ensure it has a ready industrial base to build these […]

Anduril Industries and the network connectivity company Aalyria on Tuesday said they have partnered to integrate their respective autonomous technologies to create a strengthened platform for all domain command and […]

Earnings rose at BWX Technologies [BWXT] in the first quarter, which the nuclear services and manufacturing company attributed largely to its government operations. Net earnings for the first quarter ended […]

Jacobs [J] said Tuesday it will spin off its Critical Mission Solutions business late next year. The segment includes the brain trust that coordinates Jacobs’ efforts to win big management […]

The Defense Department on Monday said it will decrease its progress payment rate for large businesses to 80 percent on new contracts, the rate it paid big contractors before the […]