Business/Financial

Dedrone, a developer and provider of counter-drone solutions, has acquired Aerial Armor, which offers artificial intelligence (AI)-enabled software that detects drones and integrates counter-drone sensors. Terms of the deal were […]

Peraton on Tuesday said it has received a potential $2.3 billion contract from the Defense Counterintelligence and Security Agency (DCSA) to provide background investigations services. CACI International [CACI] also won […]

L3Harris Technologies [LHX] on Tuesday closed its $2 billion acquisition of Viasat’s [VSAT] Tactical Data Links (TDL) product line, strengthening its focus on the Defense Department’s efforts to link its […]

L3Harris Technologies [LHX] on Tuesday named Samir “Sam” Mehta as the new president of its Communications Systems segment, succeeding Dana Mehnert, who is retiring after 38 years with the company. […]

Epirus on Tuesday named Ken Bedingfield as its new CEO, succeeding Leigh Madden, who led the company for nearly three years. Bedingfield joined Epirus in June 2020 as chief operating […]

L3Harris Technologies [LHX] on Tuesday said it has received all U.S. and international regulatory approvals for its pending acquisition of the tactical data link product line from ViaSat [VSAT], with […]

General Dynamics [GD] on Monday said Jason Aiken, the company’s chief financial officer (CFO), will also become head of the Technologies segment beginning in 2023, expanding his role in the […]

Nearly a year after the collapse of a proposed deal by Lockheed Martin [LMT] to buy engine and rocket maker Aerojet Rocketdyne [AJRD], the only independent supplier of tactical rocket […]

Maxar Technologies [MAXR] last Friday said it has agreed to be acquired by the private equity firm Advent International for about $4 billion in cash, a $53 per share price […]

Shield AI this week said it received another $60 million equity investment to funding round that previously closed at $165 million, giving the small defense technology startup more firepower to […]