Business/Financial
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Business/FinancialGD’s Earnings Fall On Operations Despite Solid Sales
General Dynamics [GD] on Wednesday reported a solid gain in sales in its third quarter due to strength across its defense segments but net income fell on lower operating earnings. […]
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Business/FinancialAnduril Hires Former Tesla Manufacturing Official To Help Scale Production
Anduril Industries on Wednesday said it has hired Keith Flynn as its first corporate manufacturing executive to help the company as it transitions to quickly scale production from tens and […]
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Business/FinancialCommercial Engine Charge Sends RTX To Loss In Third Quarter; Boosts Share Repurchase Program
RTX [RTX] on Tuesday said third quarter earnings swung to a loss due to an issue with a commercial aircraft engine component that it disclosed in July when it reported […]
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Business/FinancialShield AI, Sentient Partner On Maritime Radar For V-BAT UAS
Shield AI and its Australian partner Sentient Vision Systems on Monday said the two companies have signed a multi-year agreement for the supply of Sentient’s artificial intelligence-enabled wide area motion […]
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Business/FinancialTerran Orbital’s Independent Directors Support CEO, Company’s Direction
Terran Orbital’s [LLAP] independent board members last week rejected proposals by a minority shareholder group seeking the ouster of the company’s chairman and CEO and a potential sale of the […]
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PentagonDoD’s Concerns About Industrial Base Consolidation Not Matched By Resources, GAO Says
The Defense Department faces limitations in its insight into defense mergers and acquisitions (M&A) despite its concerns that industrial base consolidation can decrease competition and reduce resiliency in the supply […]
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Business/FinancialLockheed Martin Invests In Satellite RF Sensing Company HawkEye 360
HawkEye 360, which operates a constellation of satellites that sense radio frequency transmissions on Earth, on Wednesday said it has raised an additional $10 million from Lockheed Martin [LMT] and […]
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Business/FinancialCzech Group Acquiring Vista Outdoor’s Ammo Business
Vista Outdoor, Inc. [VSTO] and the Czechoslovak Group (CSG) on Monday say that CSG has agreed to acquire Vista’s Sporting Products business for $1.9 billion, giving the Prague-based defense company […]
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Business/FinancialVC Firm Focused on AI, Autonomy, Cyber And Space Launches New Fund
The venture capital (VC) firm Shield Capital on Monday said it has closed a new fund focused on early-stage investments in support of startups in the areas of artificial intelligence, […]
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Business/FinancialGroup Of Terran Shareholders Want CEO Change, Review Of Strategic Alternatives
A minority of Terran Orbital Corp. [LLAP] shareholders upset with the direction of the small satellite company and its current valuation this week wrote the company’s board seeking a new […]