Business/Financial
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Business/FinancialTerran Orbital Works Out Differences With Concerned Shareholders
Terran Orbital [LLAP] on Monday said it has reached agreement with a group of investors that had been seeking management and other changes, including the replacement of current CEO Marc […]
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Business/FinancialBAE Systems Acquires Developer Of Heavy Lift Heavy Lift Unmanned Quadcopters
Britain’s BAE Systems last Friday said it has acquired Malloy Aeronautics, a developer and manufacturer of a family of heavy lift drones for commercial and military logistics applications. Terms of […]
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Business/FinancialHouse Approves Tax Bill That Temporarily Restores R&D Tax Credit
The House on Wednesday approved a bipartisan tax relief bill that includes a provision restoring the research and development (R&D) tax credit that defense contractors say provides them with an […]
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Business/FinancialLockheed Martin Ventures Invests In Weather Technology Company Meteomatics
Meteomatics, a Switzerland-based company focused on technologies to improve weather forecasting and modeling, has received a strategic investment from the venture investment unit of Lockheed Martin [LMT] to scale the […]
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Business/FinancialHII Ends 2023 With Strong Fourth Quarter
HII [HII] on Thursday reported strong top and bottom-line results for the fourth quarter of 2023, driven by a legal matter and an insurance settlement, and gains across its operating […]
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Business/FinancialArlington Capital Launches Aerostructure Components Manufacturer Verus Aerospace
Arlington Capital Partners has launched Verus Aerospace, a new brand in the aerostructure components market for the aerospace, defense, and space industries that was created from existing portfolio companies of […]
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Business/FinancialBoeing Discloses Further Defense Charges In Fourth Quarter; Overall Losses Fall
Boeing [BA] on Wednesday said its defense segment swung to an operating loss in the fourth quarter of 2023 due to additional charges on fixed-price development programs despite strong sales […]
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Business/FinancialOpportunities For Aerojet Rocketdyne Booming As Operating Performance Improves, Kubasik Says
In the six months since L3Harris Technologies [LHX] acquired Aerojet Rocketdyne, business opportunities for the rocket maker are exploding and it is making progress on improving operating performance to meet […]
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Business/FinancialL3Harris Posts Lower Earnings On Impairment Charge, Higher Interest; Acquisitions Lift Sales In Fourth Quarter
L3Harris Technologies [LHX] last Thursday reported lower net income in the fourth quarter due to an asset impairment charge related to the pending sale of a commercial aviation business and […]
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Business/FinancialNorthrop Grumman Takes $1.2 Billion Charge On B-21; Expects Losses Through Decade On LRIP Lots
After previously warning of a potential but not “probable” loss on the initial B-21 stealth bomber production contracts, Northrop Grumman [NOC] on Thursday reported a $1.2 billion after-tax charge on […]