Business/Financial
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Business/FinancialRaytheon Technologies Posts Higher Sales On Strong Commercial Aerospace, Offsetting Defense Weakness
Raytheon Technologies [RTX] on Tuesday reported higher sales in its third quarter driven by continued strong demand for commercial aerospace products. The ongoing recovery in the commercial aerospace business more […]
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Nuclear ModernizationDitch Award Fees For Prime Contractors; M&O Parent Cos. of Little Help, New NNSA Report Says
The prime contractors for civilian nuclear-weapon sites get no “lasting benefit” from their corporate parent companies, the interests of which may conflict with national security, a small group of National […]
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Business/FinancialSilverEdge Acquires Counter Threat Solutions
SilverEdge Government Solutions on Monday said it has acquired Counter Threat Solutions, LLC (CTS), adding scale and capabilities in analysis and information technology for defense and intelligence customers. Terms of […]
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Business/FinancialA Year-Plus After Renationalization, Effect of Lost U.K. Weapons Complex Shows at Lockheed Martin
In the nine months just ended, renationalization of the U.K. nuclear weapons complex cost Lockheed Martin’s [LMT] Space segment more than three quarters of a billion dollars, the company reported […]
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CongressSen. Warren Questions Propriety of NDIA Officials’ Advocacy of Contractor Inflation Adjustments
Sen. Elizabeth Warren (D-Mass.) is questioning the propriety of top officials at the National Defense Industrial Association (NDIA) advocating inflation adjustments for defense contractors. “I am writing regarding my concerns […]
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Business/FinancialUkraine War Prompted Lockheed Martin To Invest Own Money In Capacity
Shortly after Russia’s unproved invasion of Ukraine in February, Lockheed Martin [LMT] realized it would need to ramp up its production of certain weapon systems the Defense Department was supplying […]
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Business/FinancialLockheed Martin Posts Higher Sales, Earnings In Third Quarter; Sees Flattish 2023
Lockheed Martin [LMT] on Tuesday reported higher sales in its third quarter due primarily to its work on the F-35 and air and missile defense programs while earnings tripled from […]
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Advanced / Transformational TechnologyBooz Allen Closes EverWatch Deal; Partners On Battlefield 5G
After a federal judge last week rejected a Department of Justice attempt to block Booz Allen Hamilton’s [BAH] acquisition of EverWatch, Booz Allen closed the deal on Oct. 14, strengthening […]
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Business/FinancialVeritas To Acquire CAES Space Systems
The private equity firm Veritas Capital last Thursday said it has agreed to acquire CAES Space Systems from CAES, which is part of Britain’s Cobham Ltd. Terms of the deal, […]
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Business/FinancialSierra Space Launches Ventures Arm
The commercial space company Sierra Space on Wednesday launched a new business that will invest in, and partner with, innovators and disruptors in the emerging new space market. Sierra Space […]
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