Business/Financial
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Business/FinancialCommercial Engine Charge Sends RTX To Loss In Third Quarter; Boosts Share Repurchase Program
RTX [RTX] on Tuesday said third quarter earnings swung to a loss due to an issue with a commercial aircraft engine component that it disclosed in July when it reported […]
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Business/FinancialShield AI, Sentient Partner On Maritime Radar For V-BAT UAS
Shield AI and its Australian partner Sentient Vision Systems on Monday said the two companies have signed a multi-year agreement for the supply of Sentient’s artificial intelligence-enabled wide area motion […]
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Business/FinancialTerran Orbital’s Independent Directors Support CEO, Company’s Direction
Terran Orbital’s [LLAP] independent board members last week rejected proposals by a minority shareholder group seeking the ouster of the company’s chairman and CEO and a potential sale of the […]
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PentagonDoD’s Concerns About Industrial Base Consolidation Not Matched By Resources, GAO Says
The Defense Department faces limitations in its insight into defense mergers and acquisitions (M&A) despite its concerns that industrial base consolidation can decrease competition and reduce resiliency in the supply […]
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Business/FinancialLockheed Martin Invests In Satellite RF Sensing Company HawkEye 360
HawkEye 360, which operates a constellation of satellites that sense radio frequency transmissions on Earth, on Wednesday said it has raised an additional $10 million from Lockheed Martin [LMT] and […]
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Business/FinancialCzech Group Acquiring Vista Outdoor’s Ammo Business
Vista Outdoor, Inc. [VSTO] and the Czechoslovak Group (CSG) on Monday say that CSG has agreed to acquire Vista’s Sporting Products business for $1.9 billion, giving the Prague-based defense company […]
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Business/FinancialVC Firm Focused on AI, Autonomy, Cyber And Space Launches New Fund
The venture capital (VC) firm Shield Capital on Monday said it has closed a new fund focused on early-stage investments in support of startups in the areas of artificial intelligence, […]
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Business/FinancialGroup Of Terran Shareholders Want CEO Change, Review Of Strategic Alternatives
A minority of Terran Orbital Corp. [LLAP] shareholders upset with the direction of the small satellite company and its current valuation this week wrote the company’s board seeking a new […]
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Business/FinancialPresentation Details Jacobs’ Government Contracting Biz, Now On The Sales Block
Jacobs’ [J] government contracting segment, which is up for sale, accounted for 42 percent of the entire company’s business in fiscal year 2022, according to a recent investor presentation. Another […]
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Business/FinancialHoneywell Rebranding Business Segments
Honeywell [HON], parent of the management contractors of four Department of Energy sites, is reorganizing its main business units, the company said Monday. The Charlotte, N.C.-based company will continue with […]