Business/Financial

Defense Secretary Austin has approved the recommendations of Defense Department review into accelerating and improving the department’s role in foreign military sales (FMS), with some of the taskings calling for […]

Lockheed Martin [LMT] and semiconductor manufacturer GlobalFoundries [GFS] on Monday said they are strategically collaborating to strengthen the U.S. industrial base for computer chips and bolster the defense contractor’s ability […]

The U.S. government last Friday issued a public advisory outlining the international threat from Iranian unmanned aerial vehicles (UAVs), in particular Iran’s provision of armed drones to Russia in that […]

Following recommendations last fall to the Department of Defense to modernize how the U.S. conducts its foreign military sales (FMS) program, a trio of defense trade associations on Thursday released […]

Firefly Aerospace, which is developing space launch vehicles, on Thursday said it has acquired Spaceflight Inc., a space services company that offers rideshares for satellites on different launch vehicles and […]

Shift5, a small company with a software platform that gives users visibility into the data on their operational technology such as weapon systems, tanks and aircraft, and other military and […]

Increasing defense spending worldwide will drive “tremendous growth” in the global defense industry over the next decade, says a report by the international professional services firm PricewaterhouseCoopers (PwC). Sales at […]

The investment firm KKR Corp. [KKR] on Monday said it has agreed to acquire flow control products supplier CIRCOR International [CIR] for $1.6 billion in cash. The acquisition has been […]

Science Applications International Corp. [SAIC] on Monday reported strong earnings in its first quarter of fiscal year 2024 driven by lower indirect, acquisition and integration costs, and a gain from […]

France’s Safran Group on Monday confirmed a media report that it is in discussions to acquire a business of Raytheon Technologies [RTX] that supplies flight control and other actuators for […]