Business/Financial
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Business/FinancialRocket Lab’s End-to-End Vision Comes Into Focus With ‘Transformative’ Iridium Deal
Rocket Lab’s [RKLB] vision to become an end-to-end space company came into full focus with a move to acquire Iridium Communications [IRDM] on Monday — taking the launcher and manufacturer […]
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Business/FinancialHoneywell Aerospace Begins Trading On Nasdaq
Honeywell Technologies [HON] on Monday completed the spin-off of its former aerospace business, Honeywell Aerospace [HONA], which began trading on the Nasdaq the same day. Honeywell’s board earlier this month […]
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Unmanned SystemsMARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs
Florida-based Unmanned Surface Vehicle (USV) developer Maritime Tactical Systems, Inc. (MARTAC) said that it is teaming with another Florida boatbuilder, Intrepid Powerboats, to scale up production of the T38 Devil […]
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PentagonContractor Progress Payments Increased to 90 Percent, As RFO Moves Into Formal Rulemaking
Monthly progress payments for defense contractors increase to 90 percent under the Revolutionary FAR Overhaul (RFO), as the latter’s first four proposals moved into formal rule making on Tuesday. RFO […]
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Business/FinancialMDA Space to Acquire Blue Canyon from Raytheon to Reach US Defense Market
MDA Space is acquiring spacecraft manufacturer Blue Canyon Technologies from Raytheon [RTX] to give the company a direct position in the U.S. defense market. The acquisition will give the Canadian space company a “strategic […]
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PentagonEnergy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains
The Defense Department’s Office of Strategic Capital (OSC) has agreed to loan $725 million to Energy Fuels, Inc. [UUUU], to help the company expand its business from uranium production to […]
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Business/FinancialTrump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry
President Donald Trump last week invoked a decades old law that gives the federal government emergency authorities to control domestic industries, in this case enabling the defense industrial base around […]
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Business/FinancialLockheed Martin Exploring Production Help With GM Defense
Lockheed Martin [LMT] and GM Defense on Tuesday said they have signed an memorandum of understanding (MoU) to explore ways to leverage GM’s commercial manufacturing expertise in support of accelerating […]
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Business/FinancialPentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion
The Defense Department’s Office of Strategic Capital (OSC) on Tuesday said it has agreed to provide Phoenix Tailings a conditional $500 million loan for the processing of rare earth elements […]
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Business/FinancialGilat to Acquire Comtech’s Satellite and Space Business, Targeting US Defense Growth
Gilat Satellite Networks has moved to acquire Comtech’s [CMTL] Satellite and Space Communications segment, in a deal announced Monday to bring together two major players in the satellite ground technology segment. Gilat, […]