Business/Financial
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Business/FinancialTransDigm To Acquire Test And Instruments Company Raptor Scientific
TransDigm Group [TDG] on Tuesday said it has agreed to acquire Raptor Scientific, a manufacturer of proprietary test and instruments equipment for aerospace, defense, and other industries, from the private […]
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CongressRep. Banks Wants DoD To Consider Creating Panel To Revitalize DIB
The House Armed Services Committee (HASC) on Wednesday approved a provision that would direct the Defense Department to study whether it should create a panel of stakeholders and experts to […]
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PentagonDoD Industrial Base Office Wants To Enable DIB Use Of Artificial Intelligence
The Defense Department’s office charged with monitoring the health of the defense industrial base (DIB) is seeking public input on how it can enable the vendors, and their suppliers, that […]
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Air ForceDoD Implements Rule on Limiting Fixed Price LRIP Contracts
One of the Aerospace Industries Association’s (AIA) 22 bullet point priorities for the fiscal 2025 defense authorization bill is to limit contracting officers in buying “not more than one lot […]
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PentagonAIA Argues for Reduction of Barriers to International Defense Cooperation
The Aerospace Industries Association (AIA) wants Congress in the upcoming fiscal 2025 defense authorization bill to reduce barriers to cooperation with foreign allies and partners to help fulfill current and […]
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Business/FinancialKansas Senator Questions Defense Industrial Base Impact, If Boeing Buys Spirit Aerosystems
Sen. Jerry Moran (R-Kan.) on May 15 questioned the impact of Boeing‘s [BA] proposed buy of Wichita-based Spirit Aerosystems [SPR], which supplies commercial and military programs, including the Airbus A350 […]
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Business/FinancialTerran Orbital Wins Lockheed Martin Tranche 2 Subcontract, Reports $27M in Q1 Revenue
Lockheed Martin [LMT] awarded Terran Orbital [LLAP] a subcontract on May 13 to produce 18 satellite buses for its Tranche 2 (T2) Tracking Layer contract for the Space Development Agency. Terran […]
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Business/FinancialNorthrop Grumman Announces Leadership Changes For CFO, Defense And Mission Systems
Northrop Grumman [NOC] on Tuesday announced several pending leadership changes, including the retirement of Dave Keffer, the company’s chief financial officer, and new leaders at two of its operating segments. […]
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Business/FinancialL3Harris Marks Progress On DoD Contract To Increase SRM Capacity
L3Harris Technologies’ [LHX] Aerojet Rocketdyne company is acquiring new equipment, designing new facilities, and moving some manufacturing under a year-old Defense Department contract to increase production capacity for solid rocket […]
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Business/FinancialFincantieri To Acquire Leonardo’s Torpedo, Underwater Acoustic Business
Italian shipbuilding company Fincantieri on Thursday said it has agreed to acquire the torpedo production and underwater acoustic technologies business of Italian defense contractor Leonardo for $323 million up front […]