Business/Financial
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Business/FinancialHII Turns In Strong Second Quarter On Carrier Work, Assault Ships, JVs
HII [HII] on Thursday posted strong second quarter results driven by double-digit sales gains across its shipbuilding segments and impressive operating earnings related to its work on aircraft carriers and […]
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Business/FinancialL3Harris Pauses IPO Of Missile Solutions Business, Says Market Undervalues
L3Harris Technologies [LHX] on Wednesday evening said it has paused the planned initial public offering (IPO) of its Missile Solutions segment because market interest does not recognize the value the […]
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Business/FinancialLeonardo DRS To Acquire Data Fusion Company Raft For $450 Million
Leonardo DRS [DRS] on Tuesday said it has agreed to acquire Raft LLC for $450 million in cash that adds capabilities in open architecture software around data fusion and artificial […]
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Business/FinancialAerospace, Shipbuilding Drive Strong Second Quarter At General Dynamics
General Dynamics [GD] on Wednesday reported strong second quarter results led by its business jet and aircraft services, and shipbuilding segments, which both delivered double-digit top and bottom-line increases. Net […]
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Navy/USMCHII Adds Outsourcing To Amphib Construction; Australian Official Visits
HII’s [HII] Ingalls Shipbuilding Division on Monday announced it was expanding its use of outsourcing to include modular construction on amphibious warships, starting with the future USS Philadelphia (LPD-32) San […]
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Business/FinancialBoeing Takes $280 Million Charge On Air Force One In Second Quarter; Risk Low On KC-46
Boeing [BA] on Tuesday said it recorded $280 million of losses on the Air Force VC-25B program—Air Force One—to account for more investment in “production and certification resources,” but the […]
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Unmanned SystemsCounter-Drone Company Led By Former Trump Acting SecDef Gets Seed Investment
FPF Defense, a startup developing a counter-drone platform with kinetic interceptors to defeat Shahed-type threats, has received a strategic investment co-led by RSE Ventures and Ondas Holdings [ONDS]. The seed […]
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Unmanned SystemsSaronic Partners With Samsung Heavy Industries For Unmanned Shipbuilding
Saronic announced a new strategic partnership with South Korea’s Samsung Heavy Industries on Thursday to help accelerate development of autonomy-capable maritime systems and technologies that aim to improve the U.S. […]
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Business/FinancialBoeing Divesting Stake In Joint Venture With Quantum Expertise
IBM [IBM] on Thursday said it agreed to acquire HRL Laboratories, LLC, a joint venture between Boeing [BA] and General Motors [GM], to strengthen its capabilities in quantum computing. Deal […]
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Business/FinancialMissile Business Leads Lockheed Martins Second Quarter Results Higher
Higher sales of air defense interceptors and a surface-to-surface missile, coupled with the absence of losses on several contracts that hit the company a year ago, helped drive revenue and […]