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- Feed Preview Business/Financial Archives - Defense Daily
BlueHalo, Maritime Platform Developer Kraken Partner On Autonomous Operations
BlueHalo and United Kingdom-based Kraken Technology Group last Friday said they have formed a strategic partnership to integrate the U.S.-based company’s artificial intelligence and machine lea...
Mission Technologies, Ingalls Drive Strong Opening Quarter At HII
HII on Monday reported strong first quarter results led by its Mission Technologies and Ingalls Shipbuilding segments. HII credited work on C5ISR and cyber, electronic warfare, and space for
Big Charge In First Quarter, But Parsons Reports Business Booming
Net earnings fell drastically for Parsons after a big tax hit in its first quarter, but the federal contractor on Wednesday reported record revenue and healthy core operations. Parsons
Leonardo DRS Reports Strong First Quarter Results
Buoyed by strong performance across its operating segments, Leonardo DRS on Wednesday reported that net income in its first quarter more than doubled and sales were up handsomely, and
https://www.defensedaily.com/leonardo-drs-reports-strong-first-quarter-results/business-financial/
SES Explains the Strategy Behind its Long-Anticipated Acquisition of Intelsat
SES and Intelsat closed the chapter on the will they/won’t they story, with news on Tuesday that SES will acquire Intelsat for $3.1 billion. It is a massive piece of industry consolidation, ...
Space And Missile Defense Company SAS Acquires Small Firm Serving MDA
SAS on Tuesday said it has acquired Willbrook Solutions, Inc., a small company with expertise in ground and space-based missile defense, the first deal by SAS since partnering recently with
Leidos Reports Strong First Quarter Results As Earnings Soar On Health Business
Leidos on Tuesday reported that net income surged in its first quarter driven by work in its health business and sales were up handsomely driven by growth across its
Boeing Acquires GKN Aerospace Unit In St. Louis That Supports F/A-18, F-15 Programs
Boeing last Friday said it has acquired GKN Aerospace’s site in St. Louis that supports the company’s production of F/A-18 and F-15 fighter aircraft. Terms of the deal were
L3Harris’ Earnings Down In First Quarter On Non-Operating Items
L3Harris Technologies last Thursday posted a steep decline in net income due to ongoing efficiency efforts combined with one-time costs related to an acquisition last year, although sales were
Operations Lead Northrop Grumman To Strong First Quarter Results
Northrop Grumman on Thursday reported strong first quarter results driven by gains across its operating segments, particularly Aeronautics Systems, which benefited from work on fighter and unman...
Defense, Despite Charges, And Services Are Bright Spots For Boeing But Commercial Troubles Outweigh
Boeing’s losses narrowed in the first quarter despite lower sales were down on fewer commercial aircraft deliveries, but overall solid results in the company’s defense and services segments ...
GD Posts Strong First Quarter On Defense, Business Jet Gains
General Dynamics on Wednesday reported strong first quarter results led by its Combat Systems segment followed by its shipbuilding and aerospace businesses, although the bottom-line narrowly mis...
Lockheed Martin Pegs Third Quarter For F-35 Tech Refresh 3 Deliveries
Flight testing of F-35 fighters with new data upgrades is underway and aircraft with the technology refresh are expected to be delivered beginning in the third quarter, and overall this
RTX’s Earnings Benefit From One-Time Gains; Boosting Missile Integration Capacity
RTX opened 2024 with strong sales growth led by its commercial aerospace businesses and net income was higher on one-time gains that more than offset various charges. Net income
Sigma Defense Acquires EW Technologies Company EWA
Sigma Defense on Monday said it has acquired EWA Inc., a small developer and provider of electronic warfare (EW) products and services, enhancing its ability to provide combined joint all
https://www.defensedaily.com/sigma-defense-acquires-ew-technologies-company-ewa/business-financial/
Private Equity Firm Arcline Completes Acquisition Of Kaman
Arcline Investment Management last Friday completed its $1.8 billion acquisition of Kaman Corp. , taking the aerospace and defense company private. Arcline paid Kaman stockholders $46 per share i...
Ghost Shark Autonomous Submarine A ‘Mothership’ For Other Autonomous Systems
A new stealthy, autonomous submarine being developed by Anduril Industries for Australia’s navy has been designed with a software-first approach that will leverage the company’s artificial in...
Private Equity Firm, Special Aerospace Service Create Space And Defense Technology Platform Company
Godspeed Capital and Special Aerospace Services (SAS) have partnered to create a platform company under the SAS brand that is focused on new space, hypersonics, and missile defense technology and...
Anduril Partners With Hyundai On Autonomous Naval Systems
Anduril Industries last Saturday said it has entered a strategic partnership with South Korea’s HD Hyundai Heavy Industries that will leverage the U.S. defense startup’s expertise in autonomy...
Accenture Federal Acquires IT Solutions Provider Cognosante
Accenture Federal Services on Monday said it has agreed to acquire Cognosante, a provider of digital transformation and cloud modernization solutions for federal agencies. Terms of the deal, whic...
Kanders & Company To Acquire Antenna And Test Equipment Businesses From L3Harris
The investment firm Kanders & Company last Friday said it has agreed to acquire three businesses for $200 million from L3Harris Technologies involved in antennas and test equipment, which
Terran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance
Terran Orbital grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results
South Korea’s Hanwha Group Makes Unsolicited Offer For Australian Shipbuilder Austal
Australian shipbuilder Austal, which also has operations in the U.S., on Tuesday confirmed it has received an unsolicited acquisition offer from South Korean multi-industrial conglomerate Hanwha ...
Lockheed Martin Makes Venture Investment In Space Propulsion Company Helicity
Helicity Space, a small startup developing fusion space propulsion and power technology, on Tuesday said it has received an investment from Lockheed Martin Ventures that will be used to advance
Jaramillo Out as Jacobs CFO
Claudia Jaramillo, Jacobs Solutions’ chief financial officer, will leave the Dallas-based company effective April 15 after less than a year in the job, the company said Monday in a regulatory
https://www.defensedaily.com/jaramillo-out-as-jacobs-cfo/business-financial/
Chesapeake Technology Acquires Small Developer Of UAS, Edge Communications Capabilities
Chesapeake Technology International Corp. (CTI) on Monday said it has acquired Asymmetric Technologies, LLC, a small developer and supplier of open architecture capabilities for unmanned aircraft...
Honeywell To Acquire Italian PNT Company To Bolster Autonomous Capabilities
Honeywell on Wednesday said it has agreed to acquire Italy’s Civitanavi Systems S.p.A., a provider of position, navigation, and timing (PNT) technology to the aerospace, defense, and industria...
Fairbanks Morse Defense Acquires Fittings Manufacturer Supporting Navy
Fairbanks Morse Defense (FMD) on Tuesday said it has acquired AMMCON Corp., a small manufacturer of fittings and assembled components for Navy submarines and ships, a deal that expands FMD’s
Airbus Defence To Acquire German Cybersecurity Firm INFODAS
Airbus Group’s defense business on Monday said it has agreed to acquire Germany’s INFODAS, which provides cybersecurity and information technology solutions to the defense and critical infras...
https://www.defensedaily.com/airbus-defence-to-acquire-german-cybersecurity-firm-infodas/cyber/
Boeing Shakes Up Senior Leadership Amid Commercial Woes
Boeing President and CEO Dave Calhoun on Monday said he will step down at the end of 2024, initiating a leadership transition as the aerospace and defense giant continues
Kratos’ Chief Suggests DoD Experiment With $5 Billion Annually To Buy Innovative Technologies Off-The-Shelf
The Defense Department should spend $5 billion annually over a three-year period to buy production-ready systems that almost, but do not quite currently, meet requirements to help innovative tech...
LMI Acquires Federal Consulting Firm JJR Solutions
LMI on Wednesday said it has acquired JJR Solutions, a small business management consultancy serving federal clients, including Defense Department and the Department of Veterans Affairs. Terms of...
https://www.defensedaily.com/lmi-acquires-federal-consulting-firm-jjr-solutions/business-financial/
J.F. Lehman Acquires Mission Microwave
The private equity firm J.F. Lehman & Company on Thursday said it has acquired Mission Microwave Technologies, a provider of solid-state electronics used in space-based, ground-based, maritime, a...
https://www.defensedaily.com/j-f-lehman-acquires-mission-microwave/business-financial/
SEC Requires Public Companies To Disclose Certain Greenhouse Gas Emissions
The Securities and Exchange Commission (SEC) on Wednesday adopted final rules directing public companies to disclose certain greenhouse gas (GHG) emissions that are directly and indirectly relate...
Loitering Munitions Business Helps Propel AeroVironment To Record Third Quarter
AeroVironment on Monday reported record third quarter sales driven by its loitering munitions and unmanned systems products and the company is expecting more of the same in its next
Terran Mulls Lockheed Offer; Adopts Poison Pill Defense To Keep Options Open
Terran Orbital on Monday said its board is reviewing a non-binding offer from Lockheed Martin to acquire the satellite company and adopted a shareholder rights plan that gives
Lockheed Martin Makes Bid For Terran Orbital Valued at $606 Million
Lockheed Martin on Friday after the close of the stock markets quietly disclosed that it had offered to acquire Terran Orbital for an enterprise value of $606 million,
BigBear.ai Closes $70 Million Acquisition Of Pangiam, Adding To Computer Vision Expertise
BigBear.ai last Friday said it has completed its $70 million all-stock purchase of Pangiam, combining the two companies’ capabilities and expertise in artificial intelligence-based computer vi...
BlackSky’s 45% Revenue Growth in 2023 Fueled by International Customer Gains
BlackSky Technology closed out the 2023 fiscal year with record high revenues, new international customers, and a growing demand for the future. The company reported 2023 financials on Wednesday...
Rocket Lab Grows Revenue 16% in 2023, Debuts Spacecraft Bus Lineup
Rocket Lab grew revenue 16% in 2023 year-over-year, and the company announced its fourth quarter financials on Feb. 27, along with an official lineup of its family of spacecraft buses. Rocket
Metallus In $99 Million Deal With Army For Expand Metals Capacity For Artillery Shells
Metallus on Tuesday said it has entered an agreement with the Army for up to $99 million to expand the company’s capacity to produce specialty metals used in the
BWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’
Earnings rose at BWX Technologies for 2023, which the maker of nuclear naval reactors and manager of nuclear weapons sites attributed Tuesday mostly to favorable adjustments on government contra...
French RF Satellite Solutions Company Unseenlabs Raises $92 Million In Funding Round
Unseenlabs on Tuesday said it has closed a $92 million funding round that will help the company further expand its observation capabilities with an expanding constellation of radio frequency sens...
Garamendi, Warren Ask DoD For Clarity On Defense Mergers And Acquisitions
Concerned about over consolidation of the defense industrial base (DIB), a pair of Democratic House and Senate members last week asked the Defense Department a series of questions about the
ACMI To Establish Munitions Campus In Indiana
The American Center for Manufacturing & Innovation (ACMI) last week said it will establish a campus in Indiana devoted to technologies for munitions as part of a Defense Department program
https://www.defensedaily.com/acmi-to-establish-munitions-campus-in-indiana/pentagon/
GlobalFoundries Would Expand Chip Manufacturing For Defense, Other Industries With $1.5 Billion Federal Investment
The Biden administration on Monday announced a potential $1.5 billion direct investment with semiconductor manufacturer GlobalFoundries to expand computer chip production capacity in the U.S. in...
LiDAR Satellite Startup NUVIEW Acquires Astraea To Strengthen Imagery-Based Analytics
NUVIEW, a startup developing commercial LiDAR satellites for global 3D mapping, has acquired Astraea, which provides a software-as-a-service platform to provide analytics insights from satellite,...
Fluor Posts Fourth Quarter Loss
Earnings fell at Fluor in the fourth quarter, which the engineering and construction company, active in the Department of Energy nuclear weapons complex, attributed Tuesday to a legal settlement...
https://www.defensedaily.com/fluor-posts-fourth-quarter-loss/business-financial/
South Korea Renews PBL Contract with Pratt & Whitney for F-15, F-16 Engine Sustainment
South Korea’s Defense Acquisition Program Administration has awarded RTX‘s Pratt & Whitney a $355 million performance-based logistics (PBL) contract to sustain the F100 engine for the coun...
BAE Set To Close Ball Aerospace Acquisition After Receipt Of Regulatory Approvals
BAE Systems in the coming days will close its $5.6 billion acquisition of Ball Aerospace after receiving all required regulatory approvals, the company said on Wednesday morning. Ball Aerospace w...