Business/Financial

GE Aerospace [GE] and Kratos Defense & Security Solutions [KTOS] on Monday said they have been jointly developing small affordable engines to power unmanned aircraft systems (UAS), unmanned collaborative combat […]

The way more non-traditional defense companies will grow their business with the Defense Department is for more of them to be successful in doing so, which will provide more courage […]

The Biden Administration on Wednesday said it has reached preliminary terms to provide $400 million to two U.S.-based subsidiaries of Taiwan’s GlobalWafers Co. as part of efforts to onshore semiconductor […]

KBR [KBR] on Tuesday said it has agreed to acquire LinQuest Corp. in a $737 million cash deal that will add digital integration capabilities and expand its work in the […]

CesiumAstro Space & Defense Systems, Second Front Systems, and X-Bow Systems had the highest yearly jumps in the Silicon Valley Defense Group’s (SVDG) rankings of the top 100 venture capital-backed […]

X-Bow Systems on Wednesday said it has completed the initial close of a Series B round that raised more than $70 million and includes Lockheed Martin [LMT], an existing investor […]

The Defense Department the past few years has helped strengthen the position of legacy solid rocket motor suppliers through increased funding but insufficient capacity remains and as new suppliers enter […]

The private equity firm AE Industrial Partners (AEI) on Tuesday said it has closed a new $1.3 billion investment fund that will primarily focus on companies with critical capabilities and […]

One employee has died as a result of an explosion on July 3 at General Dynamics Ordnance and Tactical Systems (GD-OTS) [GD] facility in Camden, Arkansas, the company has confirmed. […]

Former Secretary of the Navy Richard Spencer was named the new chairman of Australian shipbuilder Austal Limited, parent company of Austal USA. Spencer took over as chairman on July 1, […]