Business/Financial
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Business/FinancialDoD Makes Additional Investments In Solid Rocket Motor Industrial Base
The Defense Department last month made two Defense Production Act (DPA) investments worth a combined $32.7 million to expand the solid rocket motor (SRM) industrial base. The largest award, $27.7 […]
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Business/FinancialAdvanced Materials Developer Cambium Raises $100 Million; Includes Investment By Lockheed
Advanced materials developer Cambium on Monday said it raised $100 million in a Series B round that will be used to scale production and bolster research and development. The funding […]
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Business/FinancialL3Harris Trims Operating Segments In Realignment
L3Harris Technologies [LHX] on Monday said it has consolidated its operating structure, realigning from four to three business segments, to better position “its portfolio with the future of warfare.” The […]
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Business/FinancialStill Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit
The Defense Department so far is moving in the right direction to changing its approach to acquisition but success will depend on sustained management and oversight by senior leadership, outgoing […]
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Business/FinancialKratos Orders 60 Zeus SRMs From L3Harris Technologies
Kratos Defense & Security Solutions [KTOS] on Tuesday said it has issued a letter of intent to L3Harris Technologies [LHX] for an order of Zeus 1 and 2 solid rocket […]
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Business/FinancialSidus Space Looks to Raise $25M in Public Offering
Space and defense technology company Sidus Space [SIDU] aims to raise $25 million in a public offering. Sidus Space announced Monday it plans to sell 19,230,800 shares at $1.30 per share in […]
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Business/FinancialTrump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments
President Donald Trump next week plans to meet with defense industry leaders about investing in, and boosting, weapons production and to pay for it by reducing executive pay, shareholder dividends […]
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SpaceParsons Receives $30 Million Under DARPA Blackjack Program, Company Says
Parsons Corp. [PSN] has received a $30 million contract for flight demonstration under the Defense Advanced Research Projects Agency (DARPA) and Space Development Agency (SDA) Blackjack program, the company said […]
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SpaceCACI Makes Play To Bolster Space Capabilities With $2.6 Billion Bid For ARKA Group
CACI International [CACI] on Monday said it has agreed to acquire ARKA Group for $2.6 billion in cash, a deal that would make it a major player in high-end imaging […]
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Business/FinancialNammo And Firehawk Aerospace Make More Rocket Motor Investments In U.S.
Norway’s Nammo has awarded Parsons Corp. [PSN] a more than $100 million task order to build a new rocket motor plant in Perry, Fla., in the next two years, and […]