Defense Daily Network » Business/Financial

Boeing’s machinists’ union members on Monday voted to end their 53-day strike that shut down production at the company’s commercial aircraft plants in the Pacific Northwest but the company...

https://www.defensedaily.com/boeing-workers-end-strike-cash-flow-will-remain-negative-through-2025/business-financial/

BWX Technologies has agreed to acquire a specialty materials and manufacturing business from L3Harris Technologies ’ Aerojet Rocketdyne segment for $100 million. The Aerojet Ordnance Tennesse...

https://www.defensedaily.com/bwx-technologies-to-acquire-specialty-materials-business-from-l3harris-technologies/business-financial/

The private equity firm J.F. Lehman & Co. on Monday said its portfolio company Trident Maritime Systems has sold its Hoffman Engineering company to another investment firm, Branford Castle Partne...

https://www.defensedaily.com/private-equity-firm-acquires-defense-engineering-firm-from-trident-maritime-systems/business-financial/

Teledyne Technologies on Monday said it has acquired Micropac Industries in a $57.3 million deal that adds electronic components used in space, military, industrial, and medical applications. T...

https://www.defensedaily.com/teledyne-acquires-electronics-company-micropac-industries/business-financial/

ARKA Group last Friday said it has acquired the Radar and Sensor Technology (RST) business from Maxar Intelligence , providing it with experts that support classified government sensor programs. ...

https://www.defensedaily.com/arka-group-acquires-radar-and-sensor-tech-unit-from-maxar-intelligence/business-financial/

A top Palantir executive last week offered a sweeping set of recommendations—he calls them theses—for transforming the way the Defense Departments buys weapons and systems, and how U.S. indu...

https://www.defensedaily.com/palantirs-cto-sankar-issues-treatise-on-reforming-dod-acquisition/business-financial/

Airbus is evaluating potential consolidation for its Space segment in Europe, CEO Guillaume Faury told investors on Oct. 30. The Space segment at Airbus has been challenged this year with charge...

https://www.defensedaily.com/airbus-ceo-addresses-potential-space-consolidation/business-financial/

CACI International on Wednesday said it completed its $1.3 billion acquisition of Azure Summit Technology, adding capabilities in radio frequency technology and engineering. Azure, which has mor...

https://www.defensedaily.com/caci-completes-1-3-billion-acquisition-of-defense-electronics-company-azure-summit/business-financial/

HII’s strong momentum in 2024 came to a screeching halt in the third quarter due to several challenges in its shipbuilding operations, notably delays in an award from the

https://www.defensedaily.com/hiis-third-quarter-earnings-tumble-on-delays-in-submarine-awards-labor-and-supply-chain-challenges/business-financial/

The National Reconnaissance Office (NRO) said on Wednesday that its Office of Space Launch (OSL) has awarded Broad Agency Announcements for Agile Launch Innovation and Strategic Technology Advanc...

https://www.defensedaily.com/nro-awards-balista-contracts/space/

U.S. Space Force’s Space Systems Command (SSC) on Wednesday released a new solicitation for Phase 3, Lane 1 of the National Security Space Launch (NSSL) program, and SSC said that

https://www.defensedaily.com/u-s-space-force-releases-new-solicitation-for-nssl-phase-3-lane-1/space/

Lockheed Martin on Wednesday completed its acquisition of smallsat manufacturer Terran Orbital , acquiring the former SPAC as its largest customer. Terran Orbital and subsidiary Tyvak Internati...

https://www.defensedaily.com/lockheed-martin-closes-terran-orbital-acquisition/business-financial/

While defense industry entrants are bringing welcome competition to Pentagon modernization efforts, the heritage defense giants are also working with some of the new firms on microelectronics adv...

https://www.defensedaily.com/hicks-defense-bigs-collaborating-with-smaller-newer-entrants-on-microelectronics/advanced-transformational-technology/

Benefiting from its sensing, radar, work, and force protection work, Leonardo DRS on Wednesday posted strong third quarter sales and earnings, continuing its robust momentum this year. Net incom...

https://www.defensedaily.com/leonardo-drs-reports-strong-third-quarter-financials/business-financial/

Avio USA, a subsidiary of Italy’s Avio S.p.A, is considering sites for Avio’s first solid rocket motor (SRM) plant in the United States. The company said that it has picked

https://www.defensedaily.com/avio-considering-sites-for-u-s-solid-rocket-motor-plant/navy-usmc/

Propulsion and on-orbit repair and refueling of satellites are underfunded innovation areas that the DoD Office of Strategic Capital (OSC) has looked to take on. “Our 2024 investment strategy t...

https://www.defensedaily.com/propulsion-and-on-orbit-servicing-areas-for-osc-investment/space/

Leidos on Tuesday reported strong third quarter financial results led by its health and defense segments and the company raised its guidance for 2024 and set expectations for further

https://www.defensedaily.com/leidos-swings-to-profit-in-third-quarter-will-unveil-growth-strategy-next-march/business-financial/

Avionics supplier Honeywell on Monday announced the start of an investment and collaboration agreement with autonomy provider Near Earth Autonomy to bid on for autonomous rotorcraft. Honeywell s...

https://www.defensedaily.com/honeywell-partners-with-near-earth-autonomy-in-autonomous-rotorcraft-competitions/unmanned-systems/

L3Harris Technologies last Thursday reported solid third quarter results with mid-single digit organic sales and net income growth. Net income rose 6 percent to $404 million, $2.10 earnings per

https://www.defensedaily.com/l3harris-reports-solid-third-quarter-efficiency-initiative-delivering/business-financial/

Solid operating performance combined with a pension benefit and a lower tax rate lifted Northrop Grumman net income in the third quarter amid a slight increase in sales. Net

https://www.defensedaily.com/northrop-grumman-reports-higher-earnings-sales-in-third-quarter/business-financial/

The U.S. State Department has approved an up to $7.3 billion foreign military sale to Poland of the Lockheed Martin F-16 Viper Midlife Upgrade, the Defense Security Cooperation Agency

https://www.defensedaily.com/u-s-state-department-clears-7-3-billion-for-f-16-viper-mid-life-upgrade/international/

New Boeing Chief Kelly Ortberg has initiated a portfolio review to assess what adds to the company and what does not but said on Wednesday that the core commercial

https://www.defensedaily.com/core-commercial-defense-businesses-will-remain-but-portfolio-review-underway-at-boeing-ortberg-says/business-financial/

The Pentagon and the U.S. Small Business Administration (SBA) said Tuesday they have licensed a group of 13 investment funds for a project to leverage private capital to help drive

https://www.defensedaily.com/dod-sba-license-first-funds-for-program-to-invest-billions-in-firms-working-on-critical-tech/business-financial/

Higher internal spending on the F-35 fighter program pressured earnings and sales at Lockheed Martin in the third quarter as the company awaits a wrap on negotiations for the

https://www.defensedaily.com/f-35-weighs-on-lockheed-martin-in-third-quarter-next-production-award-looms/business-financial/

The Department of the Air Force faces a continued challenge of knowing all of its lower level suppliers for weapon systems, according to service acquisition chief Andrew Hunter. “We share

https://www.defensedaily.com/knowing-lower-level-suppliers-continues-as-challenge-for-department-of-the-air-force/air-force/

After being pummeled a year ago due to charges related to work on commercial aircraft engines, RTX on Tuesday posted strong results in its third quarter led by gains

https://www.defensedaily.com/rtx-bounces-back-with-strong-third-quarter-driven-by-commercial-and-defense-work/business-financial/

A U.S. based business of France’s Thales will acquire a small unit of Boeing that serves the intelligence, defense, and homeland security markets. Terms of deal were not disclosed.

https://www.defensedaily.com/thales-to-acquire-boeing-unit-serving-intelligence-market/business-financial/

Airbus Defence and Space plans to cut up to 2,500 positions within the group as it reorganizes after financial troubles. Airbus announced the cuts last week and said they will

https://www.defensedaily.com/airbus-to-cut-2500-jobs-in-defence-and-space/business-financial/

Tarantulas and Asian giant hornets in Taiwan are a subplot of a nearly $1 billion settlement RTX reached last week with the U.S. Department of Justice (DOJ). Deterring a

https://www.defensedaily.com/tarantulas-and-asian-giant-hornets-subplot-in-rtx-settlement-with-doj/air-force/

Radars, launchers, and combat systems are all key product areas that will help drive international growth over the next year and more at Lockheed Martin’s Integrated Warfare Systems and

https://www.defensedaily.com/international-growth-a-key-focus-area-for-lockheed-martins-integrated-systems-and-sensors-business/business-financial/

Honeywell , a supplier of avionics systems, and Merlin, a small company developing software for autonomous military aviation, have partnered to bring more autonomy to military and commercial airc...

https://www.defensedaily.com/honeywell-merlin-partner-on-autonomous-flight-technology/advanced-transformational-technology/

The U.S. government on Wednesday said it has resolved several legal matters with RTX requiring the defense contractor to pay more than $950 million in penalties. The allegations against

https://www.defensedaily.com/rtx-in-nearly-1-billion-settlement-with-u-s-government-to-resolve-fraud-false-claims-bribery-charges/business-financial/

U.S. Army Chief of Staff Gen. Randy George on Wednesday made the case for fielding “easy, intuitive” systems that require significantly less support from original equipment manufacturer (OEM)...

https://www.defensedaily.com/army-chief-makes-case-for-easy-intuitive-systems-needing-fewer-industry-field-service-representatives/advanced-transformational-technology/

Senior Army officials said Monday the service is not expecting an impact to Boeing programs, including the Apache and Chinook helicopters, in the wake of the company’s plan to

https://www.defensedaily.com/army-not-expecting-boeing-layoffs-to-impact-apache-chinook-programs/army/

The performance of Boeing‘s defense, space & security (BDS) unit on fixed price contracts needs to improve, Boeing CEO Robert “Kelly” Ortberg wrote in a Friday employee message released

https://www.defensedaily.com/boeing-ceo-plans-to-lay-off-10-percent-of-workers-says-defense-units-execution-on-fixed-price-contracts-not-where-it-needs-to-be/business-financial/

The Defense Department last Friday published its final rule for the Cybersecurity Maturity Certification (CMMC) program, meaning certain cybersecurity requirements will be included in solicitatio...

https://www.defensedaily.com/dod-publishes-final-rule-for-contractor-cybersecurity-compliance/cyber/

Bridget Lauderdale, the head of the F-35 program for Lockheed Martin and a 38-year employee of the company, is to retire by Dec. 1, and deputy F-35 general manager

https://www.defensedaily.com/lockheed-martin-names-f-35-deputy-gm-to-head-program/business-financial/

The Defense Intelligence Agency (DIA) has nearly completed a technology refresh upgrade of the Joint Worldwide Intelligence Communications System (JWICS)–a DoD/intelligence community network fo...

https://www.defensedaily.com/jwics-tech-refresh-almost-complete-dia-official-says/business-financial/

CM Equity Partners in late September acquired the cybersecurity and digital solutions company Sabre Systems , adding to its portfolio of defense and federal services companies. Terms of the deal

https://www.defensedaily.com/private-equity-firm-acquires-sabre-systems/business-financial/

Wilmington, Del.-based Second Front Systems said on Monday that its Game Warden DevSecOps platform to approve commercial software up to top secret classification is available on Amazon Web Servic...

https://www.defensedaily.com/second-fronts-game-warden-available-on-icmp-company-says/business-financial/

Germany’s Rheinmetall has signed a memorandum of understanding with Honeywell to work together on visual systems and auxiliary power units for combat vehicles, the companies said this week. Rh...

https://www.defensedaily.com/rheinmetall-honeywell-to-collaborate-on-new-combat-vehicle-tech/business-financial/

Longtime Boeing communication Chief Thomas Downey, who retired from company in 2017, will be back in business shortly, joining Leidos next Monday as executive vice president, chief communicatio...

https://www.defensedaily.com/former-boeing-comms-exec-to-join-leidos-as-evp-of-communications-and-marketing/business-financial/

Anduril Industries on Thursday said it has partnered with FlackTek to develop and manufacture a new large-scale system that rapidly mixes propellants for solid rocket motors (SRMs), saving time, ...

https://www.defensedaily.com/anduril-introduces-new-solid-propellant-mixer-to-boost-throughput-meet-growing-srm-demand/advanced-transformational-technology/

A new Center for Strategic and International Studies (CSIS) commercial satellite remote sensing “Olympics” report notes Chinese leads in electro-optical (EO), synthetic aperture radar (SAR) C...

https://www.defensedaily.com/csis-report-notes-chinese-commercial-remote-sensing-leads-in-some-areas/space/

CACI International on Tuesday said it acquired Applied Insight, a cloud-centric business serving the defense, intelligence, and public sectors. CACI did not disclose deal terms but said it was

https://www.defensedaily.com/caci-cloud-centric-federal-services-provider-applied-insight/business-financial/

RTX‘s Pratt & Whitney said on Tuesday that it has opened its largest engine work site–845,000 square feet of space in Oklahoma City next to the U.S. Air Force

https://www.defensedaily.com/pratt-whitney-845000-square-foot-engine-work-site-in-oklahoma-city/air-force/

The Defense Department’s industrial base office this week awarded two contracts worth a combined $45 million to increase domestic production of printed circuit boards and heavy forging in suppo...

https://www.defensedaily.com/dod-awards-45-million-to-support-production-of-printed-circuit-boards-forgings/pentagon/

AEVEX Aerospace on Monday said it has acquired Veth Research Associates to strengthen its unmanned autonomy solutions for operating in contested and GPS-denied environments. AEVEX said the key to...

https://www.defensedaily.com/aevex-aerospace-acquires-veth-research-to-enhance-unmanned-autonomy-solutions/business-financial/

The Defense Department’s Office of Strategic Capital (OSC) on Monday released its first Notice of Funding Availability (NOFA), kicking off the application process for companies seeking to scale...

https://www.defensedaily.com/dod-strategic-capital-office-opens-loan-application-process-to-strengthen-supply-chain/pentagon/

The new Amentum Holdings, comprising the former privately-held Amentum and the Critical Mission Solutions and cyber businesses spun off by Dallas-based Jacobs , started trading on the New York St...

https://www.defensedaily.com/amentum-jacobs-complete-merger/business-financial/