Business/Financial

X-Bow Systems, a startup developing rockets and solid rocket motors, has closed an interim funding round let by Lockheed Martin’s [LMT] venture arm that the small company will use to […]

Lockheed Martin [LMT] on Wednesday said its venture unit has invested in Launchpad.build, a small startup focused on using artificial intelligence and simulation for agile on-demand, low volume production runs […]

General Electric [GE] on Tuesday announced the future board of directors for GE Aerospace with current GE Chairman and CEO H. Lawerence Culp retaining the same roles at the aerospace […]

Firefly Aerospace last week said it has raised about $300 million in the past eight months, adding that it is generating additional interest from investors following the startup’s successful tactical […]

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 […]