Over the past year, Pentagon leaders have leveraged multiyear contracts for critical munitions as an incentive to get defense primes to make larger investments in their production facilities and supply chain.
L3Harris did not provide specifics on what led to Chris Kubasik’s ouster, but said in a press release that the company “became aware” of conduct by Kubasik “that was not consistent” with its code of conduct.
A decorated combat aviator and biotech CEO advocates preparing for novel viral threats before the next crisis.
The announcement is the culmination of a months-long competition to win a contract worth up to $10 billion over the next three decades.
The acquisition is slated to close in September and aims to provide AEVEX greater "customer access" to military users.
The request by the Pentagon's No. 2 official that CEOs for defense firms bring their board members in for discussions is unprecedented, but in line with Feinberg's industrial maneuvering.
The acquisition will be funded by roughly $450 million in cash and $50 million in Joby common stock and is expected to close "in the first half of 2027," according to a press release.
Predictive artificial intelligence and autonomy will reshape how forces are sustained across the Pacific.
Hanwha's parent firm previously sought to acquire Austal's parent company in 2024. Now, the two US arms might merge.
A recent sequence of undersea-focused defense acquisitions is a welcome pivot to a critical warfighting domain, two CSIS experts argue.
Pending regulatory approval, the sales of drone maker Insitu, air traffic management firm SkyGrid and electric aircraft maker Wisk Aero are expected to close by the end of the year.
The loss was a blow to Rheinmetall's new naval ambitions, but the rest of the European giant saw a large rise in revenue.
Fuel cell technology lets smaller, more versatile VTOLs handle tasks previously reserved for larger drones.
“I know there's lots of discussions on budget amounts and mechanics, but what I can tell you, as we engage with Congress, is there's a bipartisan support for increased munitions," RTX CEO Chris Calio said during a July earnings call.
Skepticism surrounding US-European relations has led to a serious push on the continent to move away from buying weapons that are subject to US arms-traffic regulations.
The deal will allow Northrop to stand up production as a second supplier of solid rocket motors for the PAC-3 interceptor.
CEO Chris Kubasik told investors that "market conditions do not reflect the value we're building," and it would be better to wait for them to "settle down."