Business/Financial
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Business/FinancialHEICO To Acquire Aircraft Aftermarket Parts Company Wencor For $2 Billion
HEICO Corp. [HEI] on Monday said it has agreed to acquire Wencor Group for nearly $2.1 billion in a deal that complements its business supply aftermarket parts for commercial and […]
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Business/FinancialUnclear Demand Signal For Hypersonic Weapons Hamper Supply Chain, Report Says
The Defense Department needs to be more consistent in its plans and outlook for developing and acquiring hypersonic weapons to ensure it has a ready industrial base to build these […]
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Advanced / Transformational TechnologyAnduril, Aalyria Team On All Domain Command And Control Technologies
Anduril Industries and the network connectivity company Aalyria on Tuesday said they have partnered to integrate their respective autonomous technologies to create a strengthened platform for all domain command and […]
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Business/FinancialBWXT Earnings Rise Behind Hanford Tanks, Other Government Deals
Earnings rose at BWX Technologies [BWXT] in the first quarter, which the nuclear services and manufacturing company attributed largely to its government operations. Net earnings for the first quarter ended […]
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Business/FinancialJacobs To Spin Off Government Services Biz In Late 2024
Jacobs [J] said Tuesday it will spin off its Critical Mission Solutions business late next year. The segment includes the brain trust that coordinates Jacobs’ efforts to win big management […]
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Business/FinancialDoD Revising COVID Progress Payments For Large Businesses
The Defense Department on Monday said it will decrease its progress payment rate for large businesses to 80 percent on new contracts, the rate it paid big contractors before the […]
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Business/FinancialASRC Federal Completes Acquisition Of SAIC’s Logistics And Supply Chain Business
ASRC Federal on Monday said it has completed its $350 million acquisition of the logistics and supply chain management business of Science Applications International Corp. [SAIC], a deal that adds […]
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Business/FinancialLockheed Martin Space To Consolidate Business Lines
Lockheed Martin [LMT] last week said its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer […]
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Business/FinancialAIA Presses OMB To Block Supply Chain Element Of Greenhouse Gas Emissions Disclosures
The Aerospace Industries Association (AIA) this week asked the director of the Office of Management and Budget (OMB) to block a proposed requirement that would have certain federal contractors, including […]
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Business/FinancialEarnings, Sales Fall As Leonardo DRS Opens Year
Leonardo DRS [DRS] on Wednesday evening reported lower earnings and sales in its first quarter largely due to headwinds from a boost the company received a year ago in the […]