Business/Financial

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 […]

ASRC Federal on Monday said it has completed its $350 million acquisition of the logistics and supply chain management business of Science Applications International Corp. [SAIC], a deal that adds […]

Lockheed Martin [LMT] last week said its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer […]

The Aerospace Industries Association (AIA) this week asked the director of the Office of Management and Budget (OMB) to block a proposed requirement that would have certain federal contractors, including […]

Leonardo DRS [DRS] on Wednesday evening reported lower earnings and sales in its first quarter largely due to headwinds from a boost the company received a year ago in the […]

HII [HII] on Thursday reported lower net income in the first quarter due to lower operating income in its Mississippi-based shipbuilding segment and a pension adjustment despite a solid increase […]

Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company and its stock […]

Booz Allen Hamilton [BAH] on Wednesday said it has made a strategic investment in Credo AI, a small company that has developed a governance platform that helps customers maintain oversight […]