Business/Financial
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Air ForceMore Than $1 Billion Capacity Investment Will Help Boost F135 Production, Pratt & Whitney Says
RTX‘s [RTX] Pratt & Whitney said that it has spent more than $1 billion in the last five years to boost engine production–an investment that may come in handy, as […]
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Business/FinancialRocket Lab Gets German Approval To Acquire Mynaric
Rocket Lab [RKLB] on Monday said it has received regulatory approval to complete its acquisition of Germany-based laser optical communications terminal (OCTs) supplier Mynaric AG, clearing the way for the […]
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Business/FinancialAutonomous Vessel Developer Saronic Raises $1.8 Billion To Accelerate Production, Add Capacity
Continuing to see a shift in demand toward unmanned systems, Saronic Technologies on Tuesday said it has raised $1.75 billion in a new funding round that will be used to […]
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Navy/USMCHundreds of Bath Iron Works Ship Designers Go On Strike
A union of ship designers at shipbuilder General Dynamics [GD] Bath Iron Works (BIW) went on strike Monday after members rejected the company’s new four-year contract proposal last weekend. The […]
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Business/FinancialLockheed Martin, Workers Building F-35, Begin Contract Negotiations
The union representing about 5,000 Lockheed Martin [LMT] employees that work on the F-35 fighter opened contract negotiations on Thursday with the company. International Association of Machinists and Aerospace Workers […]
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Business/FinancialShield AI Raises $2 Billion; Acquiring Software Simulation Company Aechelon To Strengthen AI Pilot
Shield AI on Thursday said it has raised $2 billion in new funding, including a $1.5 billion Series G round to buy defense software firm Aechelon and continue development of […]
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Business/FinancialPDW Raises $110 Million To Expand Offerings, Increase Drone Production
Drone startup Performance Drone Works (PDW) has raised $110 million in a new funding round to expand its product offerings, ramp production and pursue other strategic programs. The Series B […]
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Business/FinancialDoD In New Framework Deals To Speed Production Of PrSM, THAAD Seekers, Various Subsystems
The Defense Department Wednesday morning announced additional framework agreements with Lockheed Martin [LMT], BAE Systems and Honeywell [HON] to quadruple production of Precision Strike Missiles (PrSM) and seekers for the […]
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Business/FinancialScience Committee Dem Wants Commerce Department To Explain USA Rare Earth Investment
The top Democrat on the House Science, Space, & Technology Committee is alarmed over the Commerce Department’s pending $1.6 billion investment in a critical minerals company, noting that details remain […]
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PentagonFunding To Support Multi-Year Missile Production Deals Expected In Iran Supplemental, FY ’27 Request
Spending to back up framework agreements the Pentagon has negotiated with at least two defense contractors to demonstrate long-term demand for certain missile systems will be requested in the forthcoming […]