Business/Financial

The Navy has awarded Pratt & Whitney [UTX] a $319.8 million contract modification for 32 new engines for the Pentagon’s F-35 Joint Strike Fighter. The modification exercises an option for […]

At least two defense analysts pointed to the commercial experience James Taiclet, the incoming president and CEO of Lockheed Martin [LMT], brings when he takes the helm of the defense […]

Rocket Lab has reached an agreement to acquire Sinclair Interplanetary, a Toronto-based satellite hardware company, the small satellite launch company said March 16. “By combining the experience and capabilities of […]

Lockheed Martin [LMT] on Monday said that Marillyn Hewson on June 15 will retire as president and CEO of the nation’s largest defense contractor and be succeeded by James Taiclet, […]

The Navy is closely observing the potential impact of the COVID-19 coronavirus on the integrity of its supply chain, the service’s top acquisition civilian said March 12. Assistant Secretary of […]

United Technologies Corp. [UTX] on Thursday said it expects to close its merger with Raytheon [RTN] on April 3, once the divestitures of its Carrier and Otis operating segments are […]

The private equity firm Madison Dearborn Partners (MDP) and strategic advisory firm CoVant Management on Monday said they have acquired a majority stake in AEVEX Aerospace, a provider of airborne […]

The Pentagon’s newest combatant command won’t get a permanent headquarters until after the 2020 elections, officials told lawmakers this week on Capitol Hill. The future location of U.S. Space Command […]

Parsons [PSN] on Wednesday said it has extended its partnership with teammate Adaptive Launch Solutions (ALS) for additional satellite integration work beyond a Space Force small satellite integration contract that […]

General Atomics on Tuesday said it has acquired Neva Ridge Technologies, a small Colorado-based company that provides synthetic aperture radar (SAR) technology and services. Terms of the deal were not […]