Business/Financial
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Business/FinancialAirbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations
The Department of Justice last Friday said that Airbus Group has agreed to pay the U.S. government $592 million to settle bribery and corruption charges related to commercial aircraft sales […]
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Air ForcePoland Officially Commits to $4.6 Billion F-35 Contract
Poland’s leaders signed a contract Jan. 31 to formally procure 32 F-35A Joint Strike Fighters for $4.6 billion, becoming the latest partner to join the F-35 family via foreign military […]
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Business/FinancialIncome, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work
Raytheon [RTN] on Thursday reported strong fourth quarter financial results driven by gains across the company’s operating segments and the company said it expects to close its pending merger with […]
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Business/FinancialNorthrop Grumman Reports Strong Fourth Quarter Despite Accounting Related Charge
Northrop Grumman [NOC] on Thursday swung to a loss in its fourth quarter due to a change it adopted a year ago in accounting for pension and other post-retirement benefits, […]
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Business/FinancialMAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback
As expected, Boeing [BA] on Wednesday announced dismal fourth quarter financial results due to massive charges and additional costs related to the 737 MAX commercial aircraft, leading to losses in […]
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Business/FinancialGeneral Dynamics Posts Strong Earnings In Fourth Quarter
Led by its aerospace business, General Dynamics [GD] on Wednesday reported strong fourth quarter earnings on solid sales and expects continued growth in 2020 and the company signaled an improved […]
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Business/FinancialLockheed Martin Ends Strong 2019 On High Note
Lockheed Martin [LMT] on Tuesday reported a strong close to its 2019 fiscal year with double-digit top and bottom line growth and the company expects further gains in 2020. Net […]
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Business/FinancialASGN Acquires Federal Division Of Blackstone Technology Group
ASGN Inc. [ASGN] on Monday said it has acquired the federal division of Blackstone Technology Group for $85 million in cash, expanding its presence in the government information technology and […]
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Business/FinancialAerospace And Defense Deal Values Up In 2019 Despite Dip In Volume, PwC Says
The overall value of mergers and acquisitions (M&A) deal activity in the global aerospace and defense sector in 2019 was up sharply in 2019 due to the pending combination of […]
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Business/FinancialAirbus, HawkEye 360 Partner On Geospatial Solutions
Airbus Group and HawkEye 360 this week said they have formed a strategic partnership to deliver geospatial intelligence solutions derived from their respective datasets for defense, security and civil customers. […]