Business/Financial
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Business/FinancialBoeing To Bring Defense-Related Work In-House, Add Some With Spirit Deal
Boeing [BA] on Monday said it has agreed to acquire the commercial operations of the Spirit AeroSystems [SPR] that support its programs and additional commercial, defense and aftermarket operations, in […]
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Business/FinancialBoeing Bets On Next-Generation Aircraft Work With Investment In New Phantom Works Facility
ST. LOUIS—With potentially high dollar contracts looming, Boeing [BA] is moving out on a $1.8 billion-plus investment to build a 1.1 million square-foot factory, where it expects to develop and […]
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Business/FinancialSubcontractor, Prime, Partner Roles All Part Of Boeing’s New Go-To-Market Approach In Defense
St. LOUIS–Broadening its focus on pursuing defense business opportunities with its platforms as a prime contractor, Boeing [BA] is expanding its go-to-market strategy to include partnering with other companies as […]
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Business/FinancialNational Security Reform Program Established by Stimson Center
The Stimson Center has established the National Security Reform Program as a vehicle to expose “waste in the military budget while offering pragmatic, forward-thinking perspectives on security policy issues – […]
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Business/FinancialSafran Agrees To Acquire GEOINT AI Company Preligens
France’s Safran on Monday said it has entered exclusive discussion to acquire Preligens, a small company that develops artificial intelligence to automate the analysis of geospatial intelligence (GEOINT) such as […]
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Business/FinancialLockheed Martin To Pay $70 Million To Settle False Claims Act Allegations
The Justice Department on Friday said that two Lockheed Martin [LMT] business units have agreed to pay $70 million to settle allegations they overcharged for spare parts related to Navy […]
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Business/FinancialSouth Korea’s Hanwha To Acquire Philly Shipyard
South Korea’s Hanwha conglomerate agreed to purchase the Norwegian-owned Philly Shipyard, the latter said on Thursday. The transaction will involve Hanwha Group business segments Hanwha Systems and shipbuilder Hanwha Ocean […]
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Advanced / Transformational TechnologyBAE Collaborating With GlobalFoundries On Chip Development
Britain’s BAE Systems and U.S. semiconductor manufacturer GlobalFoundries [GFS] on Thursday said they have agreed to collaborate on research and development in advanced chip technologies to strengthen the supply chain […]
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Business/FinancialHoneywell To Acquire CAES For $1.9 Billion From Private Equity Firm
Honeywell [HON] on Thursday said it has agreed to acquire CAES Systems Holdings from the private equity firm Advent International for $1.9 billion in cash in a deal that strengthens […]
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CongressGAO: DoD Backing of ‘Innovation’ and Fast Fielding Yet to Pay Dividends
While the Pentagon has backed innovative approaches, such as Middle Tier of Acquisition (MTA) and commercial paths, to help speed fielding, the DoD efforts thus far are insufficient, the Government […]
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