Business/Financial
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Business/FinancialBoeing’s Losses Narrow In Third Quarter; Defense Business Posts Strong Results
Boeing [BA] on Tuesday reported lower net losses in its third quarter due to a big improvement in its commercial aircraft business and strong results at its defense and services […]
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Business/FinancialDoD Makes $150 Million Conditional Loan To Rocket Developer Stoke Space
The Defense Department on Monday said its Office of Strategic Capital (OSC) has signed a $150 million conditional loan commitment with launch vehicle developer Stoke Space to help the startup […]
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Business/FinancialLockheed Martin Completes $3.5 Billion Deal For Ultra Maritime
Lockheed Martin [LMT] on Monday said it has completed its $3.5 billion acquisition of anti-submarine warfare technology company Ultra Maritime to complement and expand its existing sonar solutions. The deal […]
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Navy/USMCHD Hyundai And Kiewit Plan To Launch New U.S. Shipyard
South Korea’s HD Hyundai on Friday announced plans with the North American Kiewit Maritime Co. to start a new shipyard in the U.S. that aims to build both Navy auxiliary […]
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Business/FinancialMissiles, F-35 Lead Lockheed Martin To Strong Third Quarter
Lockheed Martin [LMT] on Thursday reported strong third quarter financial results driven by higher sales across its operating segments stemming from ongoing production ramps for critical missiles and munitions, and […]
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Business/FinancialSingularity Successfully Static Firing Rocket Motor For Low Cost Interceptors
Singularity has successfully completed four increasingly challenging static fires of a solid rocket motor it has co-designed with a Navy research center that will be used to power the startup’s […]
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PentagonLockheed Martin Says 10-Year F-35 Framework Deal Enables Addition Of 6th-Gen Capabilities
A 10-year production framework for the F-35 multi-role fighter announced by the Defense Department on Thursday gives aircraft builder Lockheed Martin [LMT] the long-term stability in the program to pursue […]
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Business/FinancialPrivate Equity Firm Wildcat Agrees To Acquire Fraser Shipyards
Wildcat Defense, a new business of the private equity firm Wildcat Equity Partners, on Wednesday said it has agreed to acquire Wisconsin-based Fraser Industries and invest $350 million in the […]
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Business/FinancialWatchtower Labs Raises $35 Million In Seed Round With Focus On AI Applications For Logistics
Watchtower Labs, a startup initially focused on developing artificial intelligence-native applications for logistics planning, on Wednesday emerged from stealth with $35 million in seed funding. The investment was led by […]
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PentagonHegseth Praises SNC During Speech At Company’s Dayton Site
Defense Secretary Pete Hegseth praised Sierra Nevada Corp. (SNC) in a speech at the company’s Dayton site on Tuesday. “What we see here at SNC is the blueprint for a […]