Business/Financial
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Business/FinancialNorthrop Grumman Posts Strong Second Quarter, Raises Guidance
Bolstered by generally solid results across its operating segments, Northrop Grumman [NOC] on Thursday reported higher sales and earnings in its second quarter and the company raised its outlook for […]
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Business/FinancialBoeing’s Losses Narrow But Sales Tumble As Outlook Remains Bleak
Boeing [BA] on Wednesday reported a loss in its second quarter, but not quite as bad as a year ago, as sales fell sharply on fewer commercial aircraft deliveries due […]
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Business/FinancialAmid Pandemic, GD’s Earnings, Sales Fall In Second Quarter Led By Aerospace, IT
General Dynamics [GD] on Wednesday posted lower earnings and sales in its second quarter on continued weakness in its Aerospace segment and an overall decline in its government and defense […]
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Unmanned SystemsAirMap Parts Ways with CEO David Hose, Initiates Search for New Chief Executive
Amid the ongoing impact of the COVID-19 pandemic and continuing regulatory delays for the drone industry, UAS service supplier AirMap is parting ways with CEO David Hose and initiating a […]
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Business/FinancialAerospace And Defense M&A Deal Values, Volume Down In First Half, PwC Says
The value and number of merger and acquisitions in the global aerospace and defense industry in the first half of 2020 is down significantly versus a year ago coinciding with […]
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Business/FinancialCommercial Woes Trip Raytheon Technologies In Second Quarter
Raytheon Technologies [RTX] on Tuesday said it swung to a loss in the second quarter largely due to a slump in commercial aerospace triggered by the ongoing COVID-19 pandemic while […]
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Business/FinancialInvestment Firm KPS Capital To Acquire AM General
The investment firm KPS Capital Partners on Wednesday said it has agreed to acquire specialty vehicle developer and manufacturer AM General LLC from the holding company MacAndrews & Forbes. Terms […]
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Business/FinancialHuntington Ingalls Adds To Autonomous Capabilities With Investment In Sea Machines
Huntington Ingalls Industries [HII] on Wednesday said it has made another investment in unmanned systems by partnering and making a strategic equity investment in Sea Machines, which develops software for […]
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Advanced / Transformational TechnologyTaiclet Looks To Bring Commercial, Other Tech Innovation Methods To Lockheed Martin And Defense Industry
His feet barely wet after taking over day-to-day leadership defense giant Lockheed Martin [LMT] on June 15, James Taiclet on Tuesday outlined some new paths he and the company plan […]
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Business/FinancialHII Reorganizes Technical Solutions Business
Huntington Ingalls Industries’ [HII] Technical Solutions division on Tuesday said it was reorganizing two of its business groups into a new combined Defense and Federal Solutions Group. The division combined […]