Business

Advanced F-16 Version Makes First Flight, Lockheed Says

Five countries have ordered the fighter jet’s Block 70 variant, and the company is looking for more customers.

Army May Consider Buying Weapons Parts in Advance to Avoid Delays

The service should look at weapons buying “in a nonlinear way,” Army Chief of Staff Gen. James McConville said

OK Boomer: What Today’s Young Shipyard Workers Want

Chicken sandwiches and WiFi, for starters, says the head of Ingalls Shipbuilding.

Lawmakers Omit R&D Tax Break From 2023 Spending Bill

Company execs have credited the multibillion-dollar tax break with spurring innovation.

Musk Has Reduced Twitter’s Ability to Spot Foreign Disinformation, a Former Data Scientist Says

Staff layoffs are just one way the new CEO has undermined the platform’s three-legged approach to the problem.

Space-Imagery Firm Maxar to Go Private

With government contracts under its belt and a new constellation on the way, the company is to be acquired by a private-equity firm for $4B.

Aerojet Rocketdyne Has a New Suitor. Will the Biden Administration Approve?

L3Harris Technologies has entered a $4.7 billion deal to acquire the rocket manufacturer.

‘Can We Actually Build It?’ Defense Industry Leaders Look Ahead to Uncertain 2023

The war in Ukraine—combined with worker shortages, inflation, and other factors—has made it more difficult and more expensive to produce the most in-demand weapons.

Pentagon Splits $9B Cloud Effort Among Amazon, Google, Microsoft, Oracle

All four had been shortlisted for JWCC, DOD's do-over of its giant JEDI cloud contract effort.