Business/Financial
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Business/FinancialAltamira Acquires Signals Intelligence Firm VaST
Altamira Technologies on Wednesday said it has acquired Virginia Systems & Technology (VaST), which provides signals intelligence (SIGINT) expertise to national security customers. Terms of the deal were not disclosed. […]
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Business/FinancialLockheed Martin Ventures Invests In Electric Motor Company H3X
H3X Technologies, a developer and manufacturer of electric motors for aircraft, on Tuesday said it has received an investment from Lockheed Martin’s [LMT] venture arm to help it accelerate development […]
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Advanced / Transformational TechnologyCommerce Department Opens Funding Opportunity To Catalyze Domestic Semiconductor Industry; Boost For DIB
The Commerce Department on Tuesday opened an expected funding opportunity aimed at rebuilding the domestic semiconductor industry, which has increasingly moved offshore, a weakness in U.S. supply chains that became […]
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Business/FinancialLeidos Names Rolls-Royce’s Bell As Next CEO; Krone To Retire
Leidos [LDOS] on Monday said long-time Chairman and CEO Roger Krone will retire this spring and be succeeded as CEO by Thomas Bell, who is currently president of Defense for […]
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InternationalHealthy Defense Industrial Base, Supply Chain Part Of Biden’s Conventional Arms Transfer Policy
President Biden last week issued new guidance for U.S. weapons transfers and sales to allies and partners, highlighting that the strength of the U.S. defense industrial base and related supply […]
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Business/FinancialLockheed Martin Ventures Invests In Counter-Drone, Chip Companies
Fortem Technologies on Tuesday said it has closed an $17.8 million funding round with new investors that includes Lockheed Martin [LMT] and others to allow it to scale to meet […]
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Business/FinancialBooz Allen Invests In Airspace Monitoring Company Hidden Level
Booz Allen Hamilton [BAH] on Tuesday said its venture capital arm has made a strategic investment in Hidden Level, Inc., a developer of passive radio frequency (RF) sensing technology to […]
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Business/FinancialFluor Earnings Rise During Quarter, Year, Although Mission Solutions Down
Earnings improved at Fluor [FLR] in the fourth quarter, which the engineering and construction contractor for the Department of Energy attributed Tuesday to improved efficiency and certain financial adjustments. Net […]
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Business/FinancialWhitcraft, Paradigm Precision Combined To Form New Aircraft Engine Supplier
Commercial and military aircraft engine supplier Pursuit Aerospace stood up on Thursday following the combination of Whitcraft Group and Paradigm Precision. The new 3,000 employee company does a roughly equal […]
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Business/FinancialAIA, CODSIA Detail Concerns With Potential Greenhouse Gas Mandate
Two leading industry groups representing aerospace and defense companies this week outlined their concerns about a proposed rule that would require federal contractors to keep tabs, and report, on their […]
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