Business/Financial
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Unmanned SystemsStrong U.S. Industrial Base for Small UAS Needed to Counter China, Lord Says
Pentagon acquisition chief Ellen Lord highlighted the Defense Innovation Unit’s (DIU) Blue sUAS (small unmanned aerial systems) project as a stepping stone toward a stronger U.S. drone industrial base, which […]
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Business/FinancialFluor Reports More Errors in Financial Filings
Fluor [FLR] said Tuesday it has discovered more errors in past financial statements filed with the Securities and Exchange Commission. In addition, the Texas-based Energy Department contractor reported in an […]
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Business/FinancialAvon Rubber To Acquire Helmet Company Team Wendy
Britain’s Avon Rubber on Wednesday said it has agreed to acquire Cleveland, Ohio-based Team Wendy, a developer and supplier of head protection systems for military, first responder and other markets […]
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Business/FinancialNoblis Acquires Government Consulting Firm Inductive Minds
Noblis on Tuesday said it has acquired the management and technology consulting company Inductive Minds, which has capabilities in cloud and analytics and enhances its expertise with the Defense Department […]
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Business/FinancialGD Mission Systems Invests In Counter-Drone Company Dedrone
General Dynamics [GD] on Thursday said its Mission Systems segment has invested in drone security company Dedrone and the two companies have entered into a strategic partnership under which GD […]
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Business/FinancialSAIC’s Earnings Down, Sales Up In Second Quarter
Science Applications International Corp. [SAIC] on Wednesday reported higher second quarter sales due to an acquisition, but earnings fell related to acquisition integration costs and continued impacts from COVID-19. Net […]
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Business/FinancialApplied Composites Acquires Satellite Structures Company Alliance Spacesystems
Applied Composites on Wednesday said it has acquired Alliance Spacesystems, LLC, a developer and manufacturer of composite structures and assemblies for the commercial, civil and government satellite markets. Terms of […]
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Navy/USMCBath Strike Ends With New Contract, Workers Return
General Dynamics’ [GD] Bath Iron Works (BIW) and a union representing 4,300 striking employees at the Maine-based shipyard have agreed to a new contract following a two-month strike, both said […]
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Business/FinancialRolls-Royce Makes Further Investment In Reaction Engines
Rolls-Royce plc last Friday said it has made an additional investment in Reaction Engines as part of a wider funding round in the United Kingdom-based advanced technology aircraft and rocket […]
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Business/FinancialKBR To Acquire Centauri, Adding Space Business For Military And Intelligence Customers
KBR, Inc. [KBR] on Wednesday said it has agreed to acquire Centauri for $827 million in cash in a deal that complements its existing civil space business with work in […]