Lockheed Martin [LMT] on Monday said it will take a $1.5 billion non-cash charge when it reports second quarter financial results after purchasing group annuity contracts that will see it transfer about $4.3 billion in gross pension obligations and related plan assets to Athene Holding Ltd. [ATH]. ...

The leading proxy advisory firms that aid institutional investors in voting their shares at annual and special meetings are backing Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake and her slate of directors over a competing faction led by Warren Lichtenstein, the company’s executive ...

Leonardo DRS on Tuesday said it has agreed to acquire Israel’s RADA Electronic Industries [RADA] in an all-stock merger that will strengthen its position in force protection as an integrator and as a supplier of tactical radar, and at the same time allow it to become a publicly traded company. ...

A Delaware court last Thursday ruled in favor of some of the dissident Aerojet Rocketdyne [AJRD] directors’ claims against the company’s CEO Eileen Drake and her faction on the board but the upshot is that a shareholder meeting and vote already scheduled for June 30 will determine control of ...

Defense electronics company Quantic Electronics on Tuesday said it has acquired Microwave Dynamics, a small company specializing in microwave and millimeter wave components for aerospace, defense and industrial markets. Terms of the deal were not disclosed. Quantic is a portfolio company of Arcline ...

BWX Technologies [BWXT] in April acquired Cunico Corp. and Dynamic Controls Ltd., sister companies that manufacture parts for global naval ships and submarines and liquified natural gas commercial shipping vessels. The investment firm Houlihan Lokey, which advised Cunico and Dynamic Controls, ...