Business/Financial
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Business/FinancialU.S. To Pay Thales Visionix $10 Million To Settle Patent Rights Case Related To F-35 Helmet Tech
The U.S. government will pay $10 million to Thales Visionix under an agreement that resolves a patent rights infringement case related to helmet-mounted display systems (HMDS) developed for the F-35 […]
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Business/FinancialVoyager Space To Acquire Majority Stake In Space Micro
Voyager Space on Monday said it has agreed to acquire a majority stake in Space Micro Inc., adding capabilities in satellite communications, digital systems, and electro-optics sensors and furthering its […]
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Business/FinancialCollins Aerospace Acquires Dutch Composites Manufacturer
Collins Aerospace, a business segment of Raytheon Technologies [RTX], this week said it has acquired Dutch Thermoplastics Components (DTC), a developer and manufacturer of thermoplastic parts used mainly on commercial […]
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Business/FinancialNorthrop Grumman Names Tom Wilson New Chief Of Space Systems
Northrop Grumman [NOC] on Thursday said it has appointed Tom Wilson as president of its Space Systems segment effective Jan. 1, 2022, succeeding Blake Larson who is retiring next February. […]
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Business/FinancialGovernment Spending On R&D ‘Dangerously Low,’ Warns Northrop’s Warden
The U.S. government needs to up its investments in research and development (R&D) if it wants innovative capabilities that go beyond what the commercial sector provides, Northrop Grumman [NOC] Chief […]
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Business/FinancialDoE Nixes Huge Site Management Competition Over Concerns With Nuclear Weapons Work
Before it even started, the Department of Energy this week canceled a competition for a Savannah River Site management and operations contract worth billions, citing an increase of National Nuclear […]
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Business/FinancialBAE To Acquire Bohemia Interactive, Software Developer For Training Solutions
BAE Systems last Thursday said it has agreed to acquire Bohemia Interactive Simulations (BISim), a developer of simulation training solutions for military organizations. Terms of the deal, which requires regulatory […]
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Business/FinancialAustal USA Takes Over West Coast Repair Facility
Austal USA said it received approval to assume the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, the company said on Tuesday. Austal […]
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Business/FinancialAviation Business To Remain With GE As Corporate Giant Plans Breakup
General Electric [GE] on Monday announced plans to split into three separate companies starting in two years with the $22 billion aviation business retaining the legacy parent name, allowing it […]
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Business/FinancialViasat to Acquire Inmarsat in $7.3B Satellite Industry Consolidation Deal
Viasat [VSAT] will acquire Inmarsat in a $7.3 billion deal that brings together two major satellite operators with businesses in broadband, mobility, and defense. Viasat announced the deal Monday which entails $850 […]