Business/Financial
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Navy/USMCAustal Nabs $450 Million GD Award To Expand Sub Module Production
General Dynamics’ Electric Boat [GD] awarded Austal USA a $450 million contract to increase its infrastructure to design, construct and outfit new submarine modules for the U.S. submarine’s prime contractor, […]
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Business/FinancialCACI Agrees To Acquire RF Technology Firm Azure Summit For $1.3 Billion
CACI International [CACI] on Monday said it has agreed to acquire Azure Summit Technology for $1.3 billion in a cash deal that adds to the company’s products and capabilities supporting […]
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Business/FinancialBoeing Commercial Airplanes Workers On Strike After Union Members Reject Contract Offer
More than 30,000 Boeing [BA] employees began a strike last Friday at the company’s Commercial Airplanes’ facilities in the Pacific Northwest after union members voted overwhelmingly last Thursday to reject […]
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Business/FinancialMerlin, EpiSci Deal Falls Through
Merlin on Thursday said its planned acquisition of fellow aircraft autonomy pilot developer EpiSci has been called off although no reason was given. In June, Merlin announced its agreement to […]
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Business/FinancialGD’s IT Business Acquires Small Company Serving SOF, Intel Communities
General Dynamics [GD] on Monday said its Information Technology (IT) sector has acquired Iron EagleX (IEX), a small business that expands GDIT’s mission solutions in artificial intelligence and machine learning […]
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Business/FinancialBoeing, Union Leaders In Preliminary Contract Deal For Commercial Airplanes Employees
Boeing [BA] and union leaders that represent its Commercial Airplanes workforce in the Pacific Northwest announced a tentative agreement on a new labor contract that provides the more than 33,000 […]
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Business/FinancialAeroVironment Reports Record First Quarter Sales As Switchblade Continues To Power Growth
AeroVironment [AVAV] on Wednesday reported record first quarter fiscal year 2025 revenue driven by its soaring loitering munitions business and the company also benefited from robust demand for its other […]
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Business/FinancialSAIC Posts Steep Decline In Earnings On Slight Sales Gain In Second Quarter
Science Applications International Corp. [SAIC] on Thursday reported a steep decline in net income in its second quarters versus a year ago when the company benefited from the sale of […]
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Business/FinancialPeraton Appoints Former Alion Chief Schorer As Top Executive, Says Shea Has Departed
Peraton on Tuesday named Steve Schorer as its incoming chairman, president, and CEO, and also said that that Stu Shea, who had led the company since it was created in […]
![Mockup of the AGM-158 XR extreme range cruise missile. (Image: Lockheed Martin]](https://www.defensedaily.com/wp-content/uploads/2024/09/agm-158-xr-mockup-photo-300x86.png)