Business/Financial
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Business/FinancialL3Harris Moving Stackley To New Strategic Position, Names Rambeau New Chief Of IMS
L3Harris Technologies [LHX] on Monday said is creating a new strategic position within the company aimed at better fusing its capabilities corporate-wide to win more business as prime contractor and […]
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Business/FinancialDefense Industry Can Surge Capacity With Advance Planning And Investment, Officials Say
Amid concerns that large shipments of U.S. weapon systems and munitions to Ukraine are beginning to deplete Defense Department inventories, defense industry officials this week said that they can surge […]
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Business/FinancialContract Awards
Air Force Adds Funding to Access Control Project with Paravision Paravision says it has received an increase in funding under its Air Force Small Business Innovation Research Phase II contract […]
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Air ForceDrone Maker Volansi in Assignment for Benefit of Creditors Status
Volansi, a Silicon Valley-based drone maker backed by $75 million in venture capital funding, is in assignment for benefit of creditors (ABC) status. The company filed for ABC status with […]
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Business/FinancialPCX Aerosystems’ Buy of NuSpace, Inc. Is Fifth Announced Acquisition Since Last Year
Connecticut-based PCX Aerosystems said on Sept. 12 that it has bought NuSpace, Inc., “a leading-edge designer and manufacturer of proprietary propellant and high-pressure tanks for advanced satellite, launch vehicle spacecraft, […]
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Business/FinancialManTech Shareholders Approve Acquisition By Carlyle Group
ManTech International Corp. [MANT] on Wednesday said its shareholders approved a purchase of the company by the private equity firm The Carlyle Group [CG] for $96 per share in cash, […]
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Business/FinancialPCX Aerosystems Acquires Aerospace Components Manufacturer Pacific Contours
PCS Aerosystems on Wednesday said it has acquired Pacific Contours Corp., a manufacturer and supplier of specialized components and assemblies used in military aircraft and space vehicles, a deal that […]
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Business/FinancialSPA Acquires Metron Operations Research And Cyber Analysis Division
Defense engineering services contractor Systems Planning and Analysis, Inc. (SPA) said this week it has acquired the Operations Research and Analysis (ORCA) division of Metron, strengthening its work in systems […]
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Advanced / Transformational TechnologyCommerce Releases Implementation Plan To Rebuild Domestic Semiconductor Base
The Biden administration on Tuesday released its implementation plan to guide federal investments in revitalizing the U.S. semiconductor base to ensure a more stable supply chain, and invest in the […]
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Business/FinancialSAIC Posts Lower Earnings In Second Quarter Amid Flat Sales
Science Applications International Corp. [SAIC] on Thursday reported lower earnings and flat sales in the second quarter of its fiscal year 2023 and the company increased its top and bottom-line […]
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