Business/Financial
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Business/FinancialThree Former Austal USA Employees, Including President, Indicted For Accounting Fraud On LCS Program
The Justice Department last Friday said a federal grand jury has indicted three former Austal USA employees, including one time President Craig Perciavalle, for an accounting fraud scheme that misled […]
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Business/FinancialLeonardo DRS Posts Higher Earnings On Flat Sales In Fourth Quarter
Leonardo DRS [DRS], reporting for the first time as a public company, on Tuesday posted higher earnings in its fourth quarter on improved program performance. Net income increased 12 percent […]
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Business/FinancialBiden Issues Determination To DoD To Strengthen Industrial Base For Microelectronics
President Biden on Monday issued a presidential determination to the secretary of defense waiving certain requirements of the Defense Production Act (DPA) to address shortfalls in the industrial base for […]
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Business/FinancialLockheed Martin Awards Contract To Aerojet Rocketdyne For THAAD Components
Aerojet Rocketdyne [AJRD] on Monday said it has received a new contract from Lockheed Martin [LMT] to provide solid rocket motors and Divert and Attitude Control Systems (DACS) for the […]
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Business/FinancialASRC Federal To Acquire SAIC’s Logistics And Supply Chain Management Business
ASRC Federal Holdings on Thursday said it has agreed to acquire the logistics and supply chain management business of Science Applications International Corp. [SAIC] for $350 million in cash, complementing […]
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Business/FinancialDucommun To Acquire Aerodynamic Systems Provider BLR Aerospace
Ducommun Inc. [DCO] this week said it has agreed to acquire BLR Aerospace, a developer and manufacturer of airframe components that improve aerodynamics, safety and efficiency on rotary- and fixed-wing […]
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Advanced / Transformational TechnologyLockheed Martin Ventures Invests In Electric Seaglider Company REGENT
A new company that is developing low-cost electric seagliders for commercial and defense markets on Wednesday said it has received a strategic investment from Lockheed Martin’s [LMT] venture arm, raising […]
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Business/FinancialArlington Capital Partners Stands Up New Platform Company Eqlipse Technologies
Arlington Capital Partners on Tuesday said it has created Eqlipse Technologies, a platform company formed through acquisitions of other companies that have capabilities in full-spectrum cyber and signals intelligence engineering, […]
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Business/FinancialPrivate Equity Firm ATL Partners Forms Space And Airborne Sensor Company LightRidge Solutions
The private equity firm ATL Partners on Monday said it has stood up LightRidge Solutions, which was created through the acquisition of two companies, GEOST, LLC in 2021 and Ophir […]
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Business/FinancialFeds Request More Information Related To L3Harris’ Proposed Deal For Aerojet
Aerojet Rocketdyne [AJRD] said on Wednesday the Federal Trade Commission has asked the company and L3Harris Technologies [LHX] for additional information related to L3Harris’ proposed $4.7 billion acquisition of the […]