Business/Financial
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Business/FinancialIndia’s JSW Group To Invest $90 Million In Shield AI, Manufacture V-BATs
Indian conglomerate JSW Group will invest $90 million in U.S. startup Shield AI over the next two years to license and manufacture the small company’s V-BAT unmanned aircraft system (UAS) […]
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Business/FinancialAUV Startup Vatn Systems Raises $13 Million In Seed Round That Includes Lockheed, RTX, And SAIC
Vatn Systems, a startup developing autonomous underwater vehicles (AUVs) for U.S. and allied military customers, on Tuesday said it has raised $13 million in seed funding to further expand its […]
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Business/FinancialKratos’ DeMarco Bullish On What Trump, With Help From Musk, Means For Startups And Non-Traditional Defense Companies
A second Trump administration committed to cutting federal spending could mean very good things for non-traditional defense companies and startups because of a focus on affordability, Eric DeMarco, the president […]
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Business/FinancialTeledyne To Acquire Two Acquire Two Aerospace And Defense Businesses From Excelitas
Teledyne Technologies [TDY] on Wednesday said it has agreed to acquire two business units from Excelitas Technologies Corp. for $710 million in cash, one based in the United Kingdom that […]
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Business/FinancialIngalls Chief Wilkinson To Lead Newport News, Blanchette To Run Ingalls
HII [HII] on Wednesday named Kari Wilkinson, currently president of the company’s Ingalls Shipbuilding segments, as the incoming president of its nuclear shipbuilding operations in Virginia effective Jan. 1, 2025. […]
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Business/FinancialPalantir’s Sales To DoD Up 21 Percent In Third Quarter
Palantir Technologies [PLTR] on Monday reported surging sales in its third quarter that included strong revenue from Defense Department contracts and the U.S. government overall. Sales to the DoD were […]
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Business/FinancialBoeing Workers End Strike; Cash Flow Will Remain Negative Through 2025
Boeing’s [BA] machinists’ union members on Monday voted to end their 53-day strike that shut down production at the company’s commercial aircraft plants in the Pacific Northwest but the company […]
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Business/FinancialBWX Technologies To Acquire Specialty Materials Business From L3Harris Technologies
BWX Technologies [BWXT] has agreed to acquire a specialty materials and manufacturing business from L3Harris Technologies’ [LHX] Aerojet Rocketdyne segment for $100 million. The Aerojet Ordnance Tennessee, Inc. (AOT) unit […]
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Business/FinancialPrivate Equity Firm Acquires Defense Engineering Firm From Trident Maritime Systems
The private equity firm J.F. Lehman & Co. on Monday said its portfolio company Trident Maritime Systems has sold its Hoffman Engineering company to another investment firm, Branford Castle Partners. […]
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Business/FinancialTeledyne Acquires Electronics Company Micropac Industries
Teledyne Technologies [TDY] on Monday said it has acquired Micropac Industries [MPAD] in a $57.3 million deal that adds electronic components used in space, military, industrial, and medical applications. The […]
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