Business/Financial

The National Nuclear Security Administration planned to start work on a competition for a pair of new contracts to manage its main nuclear-weapon sites in 2023 and 2024, the agency […]

Britain’s QinetiQ Group plc on Monday said it has agreed to acquire Air Affairs Australia Pty Ltd., an Australian based defense services company, and also has reached a deal to […]

Close on the heels of The Carlyle Group’s $4.2 billion acquisition of ManTech in mid-September, the company said on Monday that President and CEO Kevin Phillips will retire and transition […]

Ukraine’s demands for weapons since Russia’s Feb. 24 assault may point to the need for the United States and its allies to invest in diverse production lines and ramping up […]

The CHIPS and Science Act, signed into law by President Biden on Aug. 9, will not only boost U.S. semiconductor manufacturing and packaging, but testing as well, Sen. Mark Kelly (D-Ariz.), […]

HII [HII] on Monday said it has created the new corporate position of chief technology officer (CTO) that will be filled by Todd Barkey, who has been CTO of the […]

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 […]

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 […]

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 […]

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 […]