Business/Financial

Britain’s QinetiQ Group plc on Wednesday said its U.S. subsidiary has completed a $590 million acquisition of Avantus Federal in a deal that that more than doubles the size of […]

BAE Systems on Monday said it has formed a joint venture with the information technology (IT) services company Purisolve, Inc. to pursue business in the federal market. The Promoveo Solutions […]

Jacobs [J], the Dallas-based leader and member of various Department of Energy nuclear contractors, had a good fiscal 2022, with revenue and profit each rising for the year, the company […]

Boeing [BA] on Thursday announced a consolidation and streamlining of its $26 billion defense unit, which has struggled with a slew of performance issues the past few years that have […]

Lockheed Martin [LMT] on Wednesday said it is expanding an existing relationship with Microsoft [MSFT] to advance the defense company’s vision for 21st Century Security by joining the technology giant’s […]

AE Industrial Partners (AEI) on Wednesday said its venture capital investment platform that includes Boeing [BA] has participated in an oversubscribed $10 million seed funding round in Solestial, a small […]

The private equity firm AE Industrial Partners (AEI) on Monday said it has completed its purchase of a majority stake in York Space Systems, a manufacturer of small satellites, related […]

Bollinger Shipyards on Monday said it has completed its acquisition of ST Engineering’s shipyard and ship repair businesses in Mississippi, adding Coast Guard and Navy shipbuilding programs and expanding its […]

General Dynamics [GD] said on Thursday it has formed an industry coalition of technology provider to accelerate the adoption of 5G and edge technologies across the government space. The 5G […]

Earnings rose at BWX Technologies [BWXT], Lynchburg, Va., in the third quarter, which the nuclear contractor attributed during a Monday earnings report to growth throughout its naval, weapons cleanup and […]