Business/Financial
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Business/FinancialAustal USA Names Miller As New President
Austal USA on Wednesday named interim president Gene Miller as the company’s permanent president, effective immediately. Miller succeeds former president Michelle Kruger, who the company announced in February planned to […]
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Advanced / Transformational TechnologyDIU Awards $159 Million For Hermeus To Demonstrate High-Mach Flight And Payload Release
Hermeus on Thursday said it has received a $159 million contract modification from the Pentagon’s Defense Innovation Unit (DIU) to demonstrate high-Mach flight and high-speed payload carry and release to […]
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BudgetDoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns
A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]
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Business/FinancialParker Hannifin To Acquire CIRCOR Aerospace From KKR For $2.6 Billion
Parker Hannifin [PH] on Thursday said it has agreed to acquire CIRCOR Aerospace from the investment firm KKR [KKR] for $2.6 billion in cash in a deal that adds an […]
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Business/FinancialSpaceX’s IPO Filing Gives First Look Into Company’s Financials
The space industry and public got the first real look into SpaceX’s financials on Wednesday as the company published initial documents ahead of a planned initial public offering (IPO). SpaceX […]
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Business/FinancialAmca Raises $300 Million To Bolster Aerospace And Defense Supply Chain
Amca, a startup founded 18 months ago to accelerate product development, qualification and delivery, and strengthen the aerospace and defense supply chain, has raised $300 million in a new funding […]
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Business/FinancialYork Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain
York Space Systems [YSS] on Tuesday said it has agreed to acquire Solestial Inc., a domestic developer and manufacturer of solar cells and related technology used on spacecraft, in a […]
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Business/FinancialData Center Startup Armada Raises $230 Million; Partners With Johnson Controls On Manufacturing
Armada, a developer and manufacturer of modular, relocatable data centers has raised $230 million in a new funding round to boost production capacity to meet demand and strengthen its balance […]
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Business/FinancialDoD Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci
The Defense Department last Friday evening said it awarded Pacific Scientific Energetic Materials Co. (PacSci EMC) $27.3 million to boost production of a key safety component for solid rocket motors […]
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Business/FinancialAnduril Raises $5 Billion In New Round; Company Valuation At $61 Billion
Anduril Industries on Wednesday said it has raised $5 billion in a late-stage venture capital round to continue investing in manufacturing capacity, development, and infrastructure, as the company continues to […]