Business/Financial
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Business/FinancialLockheed Martin Terminates Deal For Aerojet Rocketdyne
Lockheed Martin [LMT] on Sunday evening just before kickoff at the Super Bowl said it has terminated its agreement to acquire rocket propulsion supplier Aerojet Rocketdyne [AJRD] following the U.S. […]
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Business/FinancialAnnual DoE Report Cards for Nuke Site Contractors Detail Delays, Accomplishments COVID Pressure Nationwide
Below is a digest of the Department of Energy’s National Nuclear Security Administration’s (NNSA) performance evaluation summaries: the agency’s report cards for its big contracts, which explain how much management […]
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Business/FinancialBoeing Defense Chief Outlines Key Investments Underway
Boeing’s [BA] defense business is investing in a number of capacity and technology areas to boost capabilities and become more agile and cost effective to meet future customer demands, the […]
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Business/FinancialHuntington Ingalls’ Earnings Slide In Fourth Quarter
Huntington Ingalls Industries [HII] on Thursday reported a steep drop in fourth quarter earnings driven primarily by declines across its shipbuilding operations. Net income slid 52 percent to $120 million, […]
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Business/FinancialNNSA Planned to Extend Management Contract at Nuke Production Sites Amid Controversy About Follow-On Award
With transition to a follow-on contract derailed for now, the Department of Energy’s National Nuclear Security Administration (NNSA) planned to extend the existing site-management contract for two of its main […]
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Nuclear Modernization
As DoE Nuke Agency Mulls ‘Corrective Action’ on Disputed Production Sites Deal, No Transition Announced Yet
The head of the National Nuclear Security Administration (NNSA) on Wednesday would shed no light on the timeline for transitioning the agency’s two main weapons production sites to new management, […]
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Business/FinancialAnduril Expands Into Autonomous Maritime Systems With Acquisition Of Dive Technologies
Anduril Industries on Wednesday said it has acquired Dive Technologies, a small developer of autonomous underwater vehicle (UAV) technology for defense and commercial applications, in a deal that expands its […]
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Business/FinancialTriumph Group Selling Aerostructures Unit To French Company
Triumph Group [TGI] on Wednesday said it has agreed to sell its Stuart Aerostructures business to France’s Daher Aerospace, part of its strategy to focus on systems and aftermarket services. […]
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Business/FinancialMalave Joins Lockheed Martin As CFO
Lockheed Martin [LMT] on Tuesday named Jesus “Jay” Malave as its new chief financial officer (CFO), ending a six-month search after former finance chief Ken Possenriede abruptly retired. Malave, 53, […]
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Business/FinancialEarnings News and Notes
OSI Systems [OSIS] 2Q22 2Q21 Sales $276.7M $276M Net Inc. $19.8M, $1.09 $20M, $1.10 Sales barely edged higher as an increase in the Optoelectronics segment and a scant gain in […]