Business/Financial

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Labor force trends continue in the right direction at Newport News Shipbuilding and the builder of nuclear-powered aircraft carriers and submarines expects to hit its hiring goals this year while […]

Leidos [LDOS] on Tuesday posted higher earnings and sales in its fourth quarter with each operating segment contributing to the top-line growth and the bottom-line benefiting from lower taxes. Net […]

A proposed set of new requirements for aerospace and defense and other federal contractors adds a host of complex new burdens that would be challenging for any company, including small […]