Business/Financial
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Business/FinancialMachinists Union Agrees To Revised Boeing Contract Offer, Averting Defense Strike
Union members representing Boeing [BA] defense plants in and around St. Louis, Mo., on Wednesday ratified a modified contract offer from the aerospace and defense giant that improves retirement plans, […]
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Business/FinancialLockheed Martin Doubles Venture Fund To $400 Million As Prospects Mount
Flush with opportunities, Lockheed Martin [LMT] on Tuesday said it has doubled its venture capital fund to $400 million as it screens more start-up technology companies to invest in. “The […]
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Business/FinancialLeidos To Acquire Cobham’s Special Mission Business In Australia
Further building out its footprint and capabilities in Australia, Leidos [LDOS] on Tuesday said it has agreed to acquire an airborne surveillance and search and rescue business based in Australia […]
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Business/FinancialLeidos Reports Higher Earnings, Sales In Second Quarter
Leidos [LDOS] on Tuesday reported slightly higher earnings on a solid increase in sales in its second quarter, driven by growth across its segments. Net income rose a scant 1 […]
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Business/FinancialJacobs Reports Quarterly Increase In Revenue, Earnings
Earnings rose at Jacobs [J] in the 3rd quarter of fiscal 2022, which the engineering, procurement and construction contractor, active in the Department of Energy nuclear weapons complex, attributed to […]
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Business/FinancialSES Completes $450 Million Purchase Of Leonardo DRS’ Satellite Communications Unit
SES S.A. on Monday said it has completed its $450 million acquisition of DRS Global Enterprise Solutions (GES) in a deal that doubles the size of its U.S. government business. […]
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Business/FinancialHII’s Mission Technologies Segment Nabs $826 Million DoD Support Contract
HII [HII] on Monday said its Mission Technologies segment has won the Decisive Mission Actions and Technology Services (DMATS) task order, which is worth up to $826 million over five […]
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Business/FinancialSupply Chain, Litigation Costs Help Send Earnings Down At Aerojet Rocketdyne
Aerojet Rocketdyne [AJRD] on Monday posted lower earnings and sales in its second quarter due to supply chain disruptions, favorable performance a year ago on a rocket engine that made […]
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Business/FinancialAerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says
Like other defense companies posting second quarter financial results, L3Harris Technologies [LHX] last week reported ongoing headwinds related to its supply chain that impacted sales and earnings, challenges that aren’t […]
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Business/FinancialBoeing Appoints Walmart Executive To Lead Corporate Communications
Boeing [BA] on Thursday said it has appointed Brian Besanceney as its new senior vice president and chief communications officer, filling a role that has been vacant since early June […]