Archive: Business/Financial


Boeing’s Tech Venture Unit Invests In Detect And Avoid Radar Company

Boeing [BA] on Thursday said its HorizonX Ventures arm is part of a $15 million financing round for Fortem Technologies, a developer and manufacture of radar systems that enable unmanned aircraft systems (UAS) to safely fly beyond visual limits. Boeing doesn’t disclose the investments HorizonX makes other than to say they take minority stakes that […]

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GD Deal For CSRA Clears Regulatory Hurdle

General Dynamics [GD] and CSRA, Inc. [CSRA] on Wednesday said that GD’s pending acquisition of CSRA has cleared a federal regulatory milestone. In filings with the Securities and Exchange Commission, both companies said the waiting period for the Hart Scott Rodino anti-trust review of the acquisition has expired, satisfying the regulatory review. GD in February […]

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Report Suggests Multiple Approaches To Better Integrate Allied Defense Industrial Base

New exemptions for controlled goods, program licensing, integration of performance based logistics contracting, and improving standards to better enable open systems architecture among international partners are among the key recommendations in a new report aimed at furthering integration of the defense industrial bases of the U.S., Australia, Canada and the United Kingdom. Another recommendation based […]

The Sikorsky CH-53K helicopter achieves a 36,000-pound lift for the first time at Sikorsky Development Flight Center in West Palm Beach, Florida, on Feb. 10, 2018. Image courtesy Sikorsky, a Lockheed Martin Company. (PRNewsfoto/Lockheed Martin)

CH-53K Completes Critical Tests With Maximum Payload Flight

Sikorsky has completed the last of its its critical flight expansion activities for its CH-53K ahead of its first delivery of the aircraft to the Marine Corps later in 2018, with a successful external lift test to carry a maximum weight payload, the company said Wednesday. The Lockheed Martin [LMT] owned aircraft company flew its […]


MDA Awards Lockheed $80.6 Million For Modified Ballistic Re-Entry Vehicles

Lockheed Martin [LMT] has received an $80.6 million contract from the Missile Defense Agency for modified ballistic re-entry vehicles and separation modules for missile defense tests, the company said Thursday. Under the deal, announced Lockheed Martin will develop unarmed re-entry vehicles for use with target missiles through 2022. “The re-entry vehicle is essentially the bullseye […]

President Donald Trump. Photo: White House.

Trump Places Tariffs On Aluminum, Steel Imports; A&D Industry Sees Potential Harm

President Trump on Thursday announced tariffs on aluminum and steel imports, saying the new measures are meant to counter unfair trade practices that hurt American workers and industries and threaten national security. The tariffs, which Trump had already telegraphed last week, will help protect the U.S. steel and aluminum industries, the White House said. Trump […]

GD Increases Dividend

General Dynamics [GD] on Wednesday said its board has increased the company’s quarterly dividend by nearly 11 percent to 93 cents per share, payable on May 11. The dividend hike represents the 21st consecutive year that GD has raised the dividend on its common stock. The current quarterly dividend is 84 cents per share. GD, […]

Chris Oliver, who led federal sales efforts for Intelligent Decisions, is now president of ID Technologies. Photo: ID Technologies

Acacia Group Acquires Intelligent Decisions, Splits Into Two Companies

The private equity firm The Acacia Group said yesterday it recently acquired federal technology provider Intelligent Decisions and has split the business into two separate companies, one focused on products and the other on services. The Acacia Group said it plans additional acquisitions to build on its new investment. The value of the deal was […]

Lockheed Martin Chief Executive Marillyn Hewson on March 5 delivers the annual "state of the company" address to reporters at the company's Global Innovation Center outside Washington, D.C. (Photo by Dan Parsons)

Lockheed’s Open-Systems Approach Allows Integration Of Commercial, Internal Tech With Military Systems

Lockheed Martin [LMT] is investing significant resources into modular open-architecture systems so that it can integrate new technologies into the platforms it already builds for the U.S. military. In a world where weapons and other military systems are increasingly software-defined and in which commercial technology is advancing at exponential rates, taking a modular, open-systems engineering […]