Business/Financial
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Business/FinancialHayes Doesn’t See Defense Department Adding Second Engine Source For F-35
Despite challenges sustaining the engine for the Defense Department’s F-35 fighter, Raytheon Technologies [RTX] CEO Greg Hayes said on Tuesday that he doesn’t expect the military services to fund an […]
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Business/FinancialRaytheon Technologies Swings To Profit In First Quarter
Raytheon Technologies [RTX] on Tuesday reported an increase in net income in the first quarter due to lower tax expenses and losses from discontinued operations versus a year ago and […]
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Business/FinancialRaytheon Technologies Hikes Dividend, Hayes Set To Assume Chairmanship
Raytheon Technologies [RTX] on Monday said its board has increased the company’s quarterly dividend to 51 cents per share, a more than 7 percent boost from the current dividend, payable […]
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Business/FinancialSAIC To Acquire Data Intelligence Firm Koverse
Science Applications International Corp. [SAIC] on Monday said it has agreed to acquire Koverse, which provides a scalable data management platform that enables artificial intelligence and machine learning for complex, […]
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Business/FinancialAEI Portfolio Firm American Pacific Invests In Space Company Frontier Aerospace
The private equity firm AE Industrial Partners (AEI) on Tuesday said its portfolio company American Pacific Corp., which produces specialty chemicals for the aerospace, defense and other markets, has made […]
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Business/FinancialBoeing Extends Retirement Age For Calhoun; CFO Smith Retiring
Boeing [BA] on Tuesday said its board has extended the mandatory retirement age for current CEO Dave Calhoun from age 65 to 70, providing stability at the top of the […]
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Business/FinancialLockheed Martin Opens Year With Solid First Quarter; Raises Guidance
Lockheed Martin [LMT] on Tuesday posted solid results in its first quarter with earnings and sales higher and the company increased its outlook this year for the top and bottom […]
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Business/FinancialBollinger Expands Ship Construction, Repair Capabilities With Gulf Island Acquisition
Shipbuilder Bollinger Shipyards on Monday said it has acquired Gulf Island Fabrication, Inc.’s [GIFI] shipyard division and facilities in a $26.4 million deal that expands its capacity and capabilities to […]
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Business/FinancialTransDigm To Sell Airborne Components Business Unit To Private Equity Firm
TransDigm Group Inc.’s [TDG] Belgium-based Technical Airborne Components (TAC) business unit on Tuesday said it has agreed to be acquired by the private equity firm Searchlight Capital Partners. Terms of […]
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Business/FinancialElbit America Completes $380 Million Acquisition Of Sparton
Elbit Systems of America on Tuesday said it has completed its $380 million acquisition of Sparton Corp. in a deal that expands its work on naval systems. The acquisition also […]