Business/Financial
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Business/FinancialKarman To Acquire Composites And Material Sciences Companies To Boost Navy Work
Karman Space & Defense [KRMN] on Wednesday said it has agreed to acquire Seeman Composites and Materials Sciences, LLC, for $220 million combined in deals that further Karman’s work with […]
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Business/FinancialTrump Directive Halts Dividends, Stock Repurchases By “Major Defense Contractors”
As expected, President Donald Trump on Wednesday evening issued an executive order that would stop “major defense contractors” from paying shareholder dividends and repurchasing their stock instead of investing in […]
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BudgetTrump Wants $1.5 Trillion Defense Budget In ‘27, Limits On Contractors’ Stock Buybacks, Exec Pay
President Donald Trump on Wednesday called for the U.S. to massively increase its defense budget to $1.5 trillion in 2027, while also pushing for a ban on defense firms issuing […]
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Business/FinancialVatn Systems Acquires Company With Subsea Acoustic Sensing And Signal Processing Expertise
Autonomous underwater vehicle (AUV) developer Vatn Systems on Wednesday said it has acquired Crewless Marine in a deal that brings in-house an important supplier of underwater acoustic sensing and signal […]
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Business/FinancialTrump Says Defense Firms Must Build Weapons Faster, Arms Sales Take ‘Too Long’
President Donald Trump on Tuesday said U.S. defense contractors must produce weapons faster, adding it takes “too long” to deliver capabilities to international partners. “Nobody has the quality of our […]
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Business/FinancialSpace Radar, Satellite Startup Array Labs Raises $20 Million
Array Labs on Monday said it raised $20 million in a Series A round to scale engineering and manufacturing of its space radar sensors and prepare the company to launch […]
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Business/FinancialDoD Makes Additional Investments In Solid Rocket Motor Industrial Base
The Defense Department last month made two Defense Production Act (DPA) investments worth a combined $32.7 million to expand the solid rocket motor (SRM) industrial base. The largest award, $27.7 […]
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Business/FinancialAdvanced Materials Developer Cambium Raises $100 Million; Includes Investment By Lockheed
Advanced materials developer Cambium on Monday said it raised $100 million in a Series B round that will be used to scale production and bolster research and development. The funding […]
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Business/FinancialL3Harris Trims Operating Segments In Realignment
L3Harris Technologies [LHX] on Monday said it has consolidated its operating structure, realigning from four to three business segments, to better position “its portfolio with the future of warfare.” The […]
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Business/FinancialStill Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit
The Defense Department so far is moving in the right direction to changing its approach to acquisition but success will depend on sustained management and oversight by senior leadership, outgoing […]