Business/Financial
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ArmyLeonardo DRS To Perform E-HEL Vehicle Integration and Power and Thermal Management Work
Leonardo DRS [DRS] is to perform ruggedized integration and power and thermal management work as a subcontractor to AeroVironment [AVAV] for the U.S. Army’s future Enduring-High Energy Laser (E-HEL). “DRS will […]
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International500 PAC-3 MSEs Approved by State Department For Ukraine A Nothing Burger, Zelenskyy Says
Ukrainian President Volodymyr Zelenskyy said on Friday that the U.S. State Department’s approval of 500 Lockheed Martin [LMT] PATRIOT Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles for Ukraine would […]
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Business/FinancialShipbuilding Propels GD To Strong Third Quarter
General Dynamics [GD] on Friday reported strong sales and earnings in the third quarter led by the company’s shipbuilding business followed by the Aerospace segment. The company’s Marine Systems segment […]
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Business/FinancialBroad Strength Powers Leonardo DRS To Higher Earnings And Sales In Third Quarter
Leonardo DRS [DRS] on Thursday posted double-digit top and bottom-line gains in the third quarter due to strength across its operating segments. Net income rose 60 percent to $115 million, […]
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Business/FinancialShipbuilding, Unmanned Systems Lead HII To Strong Third Quarter
HII [HII] on Thursday reported strong third quarter financial results driven by strong shipbuilding sales, profit on the Virginia-class attack submarine program, and milestones achieved in unmanned maritime systems. Net […]
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Air ForceFlight Demonstration of Frenzy 6 FAMM Candidate Engine Planned for Next Year
To meet projected demand for smaller drones and munitions, Beehive Industries, a propulsion startup firm, has developed a 100-pound version of the company’s Frenzy engine family, and the company said on […]
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Business/FinancialFewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’
L3Harris Technologies [LHX] is deemphasizing acquisitions and divestitures in favor of growing and improving its current business portfolio, Sam Mehta, the company’s new president and CEO, told investors on Thursday. […]
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SpaceBoeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment
U.S. Space Force Space Systems Command (SSC) is to award Boeing [BA] an up to $945.9 million contract to sustain company-built wideband and narrowband satellite communication systems, including Wideband Global […]
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Business/FinancialFirehawk Raises $150 Million-Plus To Build Out Rocket Motor And Missile Integration Plants
Firehawk Defense on Wednesday said it raised over $150 million in a new funding round that will be used to keep building out its propellant and tactical rocket motor manufacturing […]
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Business/FinancialHanwha Switches Up Subsidiary With Controlling Stake On Philly Shipyard
Hanwha Defense USA (HDUSA) on Tuesday announced it is acquiring the controlling stake in the Hanwha Philly Shipyard, a switch between business segments still within the South Korea Hanwha conglomerate. […]
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