Business/Financial

Lockheed Martin [LMT] on Wednesday completed its acquisition of smallsat manufacturer Terran Orbital, acquiring the former SPAC as its largest customer. Terran Orbital and subsidiary Tyvak International are now part of […]

While defense industry entrants are bringing welcome competition to Pentagon modernization efforts, the heritage defense giants are also working with some of the new firms on microelectronics advancements, Deputy Defense […]

Benefiting from its sensing, radar, and force protection work, Leonardo DRS [DRS] on Wednesday posted strong third quarter sales and earnings, continuing its robust momentum this year. Net income jumped […]

Avio USA, a subsidiary of Italy’s Avio S.p.A, is considering sites for Avio’s first solid rocket motor (SRM) plant in the United States. The company said that it has picked […]

Propulsion and on-orbit repair and refueling of satellites are underfunded innovation areas that the DoD Office of Strategic Capital (OSC) has looked to take on. “Our 2024 investment strategy talks […]

Leidos [LDOS] on Tuesday reported strong third quarter financial results led by its health and defense segments and the company raised its guidance for 2024 and set expectations for further […]

Avionics supplier Honeywell [HON] on Monday announced the start of an investment and collaboration agreement with autonomy provider Near Earth Autonomy to bid on for autonomous rotorcraft. Honeywell said the […]

L3Harris Technologies [LHX] last Thursday reported solid third quarter results with mid-single digit organic sales and net income growth. Net income rose 6 percent to $404 million, $2.10 earnings per […]

Solid operating performance combined with a pension benefit and a lower tax rate lifted Northrop Grumman [NOC] net income in the third quarter amid a slight increase in sales. Net […]

The U.S. State Department has approved an up to $7.3 billion foreign military sale to Poland of the Lockheed Martin [LMT] F-16 Viper Midlife Upgrade, the Defense Security Cooperation Agency […]