Business/Financial
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Business/FinancialAegis Technologies Acquires Excivity, Boosting Cyber And Intel Capabilities And Customers
The advanced engineering solutions company Aegis Technologies has acquired Excivity, giving it new technology capabilities and adding key customers in the intelligence community and Defense Department. Terms of the deal […]
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Business/FinancialGoldfein: Extension of COVID-19 Travel Hold Could Go Through July
U.S. military members should expect an updated decision about stop-movement orders related to the COVID-19 coronavirus pandemic from the Pentagon within the next couple of weeks, Air Force Chief of […]
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Business/FinancialBoeing Extends Suspension Of Puget Sound Production Operations Indefinitely
Boeing [BA] on Sunday said it would extend until further notice a temporary suspension of its production operations in the Puget Sound region of Washington State due to continuing challenges […]
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Business/FinancialNDIA Announces Annual SOFIC Conference Will Be Virtual
The National Defense Industrial Association’s annual Special Operations Forces Industry Conference will be held in May as scheduled, but over the internet rather than its traditional locale of Tampa, Florida. […]
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Business/FinancialWoodward, Hexcel Call Off Merger Due To Coronavirus Impacts
Aerospace and defense suppliers Woodward Inc. [WWD] and Hexcel Corp. [HXL] on Monday announced they have mutually terminated their merger agreement, saying the ongoing coronavirus pandemic has limited the benefits […]
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ArmyBoeing Pauses Production At Philadelphia-Area Facility Due To Pandemic Impact
Boeing [BA] has halted work at its production facility outside of Philadelphia, where it manufactures aircraft such as the H-47 Chinook heavy-lift aircraft, the V-22 Osprey tiltrotor and the MH-139A […]
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Business/FinancialTo Cope With Commercial Crisis, Raytheon Technologies Will Transfer Some Workers To Defense
Raytheon Technologies [RTX] CEO Greg Hayes last Friday said that the company will transfer some of its commercial workers to defense projects to help the newly merged aerospace and defense […]
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Air ForceAir Force to Release $882 Million in Previously Withheld KC-46 Funds to Boeing
The Air Force and Boeing [BA] signed two new agreements regarding to the KC-46A Pegasus program on Thursday, with one intended to provide the aerospace company with cash flow during […]
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Advanced / Transformational TechnologyAir Force, Boeing Find Path Forward to Fix Major KC-46 Deficiency
The Air Force and Boeing [BA] announced April 2 that they have agreed upon a solution to fix the remote vision system on the KC-46A Pegasus, in the hopes of […]
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Business/FinancialHASC Ranking Member Releases Draft Acquisition Reform Bill
The House Armed Services Committee’s (HASC) top Republican has released a proposal meant to begin debate on acquisition reform efforts to be included in the fiscal year 2021 defense authorization […]