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Fortem Technologies on Tuesday said it has closed an $17.8 million funding round with new investors that includes Lockheed Martin [LMT] and others to allow it to scale to meet the growing demand of the counter-drone and advanced air mobility markets. S…
Booz Allen Hamilton [BAH] on Tuesday said its venture capital arm has made a strategic investment in Hidden Level, Inc., a developer of passive radio frequency (RF) sensing technology to monitor airspace in support of counter-drone missions. The value …
Earnings improved at Fluor [FLR] in the fourth quarter, which the engineering and construction contractor for the Department of Energy attributed Tuesday to improved efficiency and certain financial adjustments. Net earnings for the fourth quarter ende…
Commercial and military aircraft engine supplier Pursuit Aerospace stood up on Thursday following the combination of Whitcraft Group and Paradigm Precision. The new 3,000 employee company does a roughly equal amount of business supporting commercial an…
Two leading industry groups representing aerospace and defense companies this week outlined their concerns about a proposed rule that would require federal contractors to keep tabs, and report, on their greenhouse gas (GHG) emissions, although their re…
Labor force trends continue in the right direction at Newport News Shipbuilding and the builder of nuclear-powered aircraft carriers and submarines expects to hit its hiring goals this year while attrition rates are flattening, the company’s top human …
Leidos [LDOS] on Tuesday posted higher earnings and sales in its fourth quarter with each operating segment contributing to the top-line growth and the bottom-line benefiting from lower taxes. Net income in the quarter was up 2 percent to $180 million,…
A proposed set of new requirements for aerospace and defense and other federal contractors adds a host of complex new burdens that would be challenging for any company, including small and medium-sized businesses, to implement, according to the head of…
HII [HII] on Thursday reported slightly higher earnings in its fourth quarter driven by a pension benefit while the company enjoyed solid gains in its top-line due to improvements across its operating segments. Net income rose nearly 3 percent to $123 …
Maxar Technologies [MAXR] on Wednesday said it has received a potential $192 million contract from the National Geospatial-Intelligence Agency (NGA) to provide U.S. allies and partners with commercial satellite imagery and related products over the nex…