Business/Financial
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Business/FinancialAerospace, Shipbuilding Drive Strong Second Quarter At General Dynamics
General Dynamics [GD] on Wednesday reported strong second quarter results led by its business jet and aircraft services, and shipbuilding segments, which both delivered double-digit top and bottom-line increases. Net […]
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Navy/USMCHII Adds Outsourcing To Amphib Construction; Australian Official Visits
HII’s [HII] Ingalls Shipbuilding Division on Monday announced it was expanding its use of outsourcing to include modular construction on amphibious warships, starting with the future USS Philadelphia (LPD-32) San […]
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Business/FinancialBoeing Takes $280 Million Charge On Air Force One In Second Quarter; Risk Low On KC-46
Boeing [BA] on Tuesday said it recorded $280 million of losses on the Air Force VC-25B program—Air Force One—to account for more investment in “production and certification resources,” but the […]
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Unmanned SystemsCounter-Drone Company Led By Former Trump Acting SecDef Gets Seed Investment
FPF Defense, a startup developing a counter-drone platform with kinetic interceptors to defeat Shahed-type threats, has received a strategic investment co-led by RSE Ventures and Ondas Holdings [ONDS]. The seed […]
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Unmanned SystemsSaronic Partners With Samsung Heavy Industries For Unmanned Shipbuilding
Saronic announced a new strategic partnership with South Korea’s Samsung Heavy Industries on Thursday to help accelerate development of autonomy-capable maritime systems and technologies that aim to improve the U.S. […]
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Business/FinancialBoeing Divesting Stake In Joint Venture With Quantum Expertise
IBM [IBM] on Thursday said it agreed to acquire HRL Laboratories, LLC, a joint venture between Boeing [BA] and General Motors [GM], to strengthen its capabilities in quantum computing. Deal […]
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Business/FinancialMissile Business Leads Lockheed Martins Second Quarter Results Higher
Higher sales of air defense interceptors and a surface-to-surface missile, coupled with the absence of losses on several contracts that hit the company a year ago, helped drive revenue and […]
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Business/FinancialRTX Powers To Strong Second Quarter On Broad Strength
RTX [RTX] on Thursday posted strong top and bottom-line results driven by gains across its operating segments, and the company again raised sales and earnings guidance for 2026. Net income […]
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Business/FinancialAmerican Center for Manufacturing and Innovation Expands Indiana Industrial Hub, Adds New Tenants
The American Center for Manufacturing and Innovation (ACMI) has expanded its industrial hub in Indiana that is focused on attracting companies in the national security space, adding 400 acres to […]
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Advanced / Transformational TechnologyElectra Selects Ohio Site To Produce Dual-Use Hybrid-Electric Aircraft
Electra has selected a site near Dayton, Ohio, as the first production facility for it hybrid-electric ultra-short takeoff and landing (STOL) aircraft the company is developing for regional air transportation […]