Business/Financial

A Delaware court last Thursday ruled in favor of some of the dissident Aerojet Rocketdyne [AJRD] directors’ claims against the company’s CEO Eileen Drake and her faction on the board […]

Defense electronics company Quantic Electronics on Tuesday said it has acquired Microwave Dynamics, a small company specializing in microwave and millimeter wave components for aerospace, defense and industrial markets. Terms […]

BWX Technologies [BWXT] in April acquired Cunico Corp. and Dynamic Controls Ltd., sister companies that manufacture parts for global naval ships and submarines and liquified natural gas commercial shipping vessels. […]

Ed Dandridge, who joined Boeing [BA] nearly two years ago as its chief communications officer, has left the company for personal reasons. Dandridge resigned from the company on June 2, […]

General Motors’ [GM] defense business has stood up a new entity to tap into international needs and market its products and capabilities globally. “Forming GM Defense International will drive our […]

Echodyne on Monday said it has closed a $135 million fundraising round that it will use to expand its workforce in all areas, including sales and marketing, product development and […]

In the wake of the Federal Trade Commission’s (FTC) rejection earlier this year of Lockheed Martin’s [LMT] proposed acquisition Aerojet Rocketdyne [AJRD] on grounds that it would reduce competition for […]

Defense technology startup Shield AI has closed a $165 million funding round that the company said will be used to accelerate the development artificial intelligence (AI) pilots, including in degraded […]

Raytheon Technologies [RTX] on Tuesday said it will establish its global headquarters in Northern Virginia, close to many of its government customers in the Washington, D.C., area, a move that […]

Science Applications International Corp. [SAIC] on Monday reported lower earnings on higher indirect costs in its first quarter of 2023 despite a solid increase in sales. Net income fell 11 […]