Business/Financial
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Business/FinancialLockheed Martin Reports Growth in Space, Yet Continued Supply Chain Headwinds in Munitions, Other Areas
Lockheed Martin [LMT] first quarter sales grew slightly from $15 billion last year to $15.1 billion this year on the strength of 16 percent sales growth in the space sector, […]
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SpaceLockheed Martin Space Launches Rapid R&D Unit To Outpace Threats
COLORADO SPRINGS, Colo.—Lockheed Martin [LMT] earlier this year stood up a new innovation arm within its Space segment to quickly ramp up research, development and demonstration efforts and test new […]
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Business/FinancialGreystones Group Acquires IP For Data Analytics Software
Greystones Group, a woman-owned small business, said it has acquired the intellectual property for a proprietary advanced data analytics software it plans to market to federal agencies for mission critical […]
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Business/FinancialRaytheon, SpiderOak Partner To Secure LEO Satellite Communications
Raytheon Technologies [RTX] this week said it has formed a strategic partnership with SpiderOak, a provider of cybersecurity solutions for space systems, to develop and field new zero-trust systems for […]
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Business/FinancialHII Nabs Nearly $2 Billion In Support, Sub Construction Awards
HII [HII] on Tuesday announced $1.9 billion in contract awards, including $1.3 billion in support of U.S. Africa Command in support of life-saving operations. The USAFRICOM award was to HII’s […]
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Business/FinancialDefense Industry Healthy Despite Constant Budgetary Pressures, DoD-Backed Study Says
The defense industry is financial healthy and its financial performance improved from 2010 to 2019 versus the prior decade despite worsening budgetary restrictions such as longer continuing resolutions, sequestration and […]
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Business/FinancialAtherton Named To Lead Textron’s Bell Segment
Textron Inc. [TXT] on Monday said that Lisa Atherton, chief operating officer (COO) at the company’s Bell segment, has been named president and CEO of the segment effective April 28, […]
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SpaceSpace Security Company True Anomaly Emerges From Shadow With $30 Million In Financing
True Anomaly, Inc., a year-old company focused on space security, domain awareness, and training, on Thursday said it has raised $30 million in funding so far and plans to launch […]
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Business/FinancialFairbanks Morse Defense Launches Program To Nurture And Leverage Emerging Tech Companies
NATIONAL HARBOR, Md.—Naval ship engine manufacturer, equipment and services provider Fairbanks Morse Defense (FMD) has begun a program to mentor, partner with and aid startup companies and small businesses that […]
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Navy/USMCNorthrop Grumman Announces Teammates For Navy TACAMO Recap
NATIONAL HARBOR, Md.—Lockheed Martin [LMT], Raytheon Technologies [RTX] and small businesses Crescent Systems and Long Wave have joined prime contractor Northrop Grumman [NOC] in pursuit of the Navy’s new program […]