Business

Just Weeks After Saudi Trip, Biden Administration Greenlights $5B in Arms for Gulf Nations

Under the deal, Riyadh could spend $3 billion on Patriot interceptors; the UAE, $2.2 billion on THAAD interceptors.

Lockheed Martin Doubles Ventures Fund as It Hunts for Future Tech Startups

Lockheed plans to continue investing in companies with disruptive technology.

SOCOM Orders Cropduster Attack Planes from L3Harris Technologies

The contract, which could grow to 75 aircraft, marks a major victory for proponents of prop-driven close air support.

After ‘Critical’ CHIPS Act, More Needed To Build Domestic Production, Experts Say​​

Global economics and lack of factory workers are among the factors complicating efforts to bring chip manufacturing back to the United States.

Northrop Grumman CEO: We Can Build a Next-Generation Fighter

Kathy Warden said the company’s B-21 stealth bomber positions it well to compete for the Next Generation Air Dominance warplane.

CHIPS' Passage Won't Fill General Dynamics' Short-term Chip Needs

The company's Mission Systems arm feels the semiconductor supply crunch more than its others.

Lack of Workers Is Hurting Supply Chains More than COVID, Defense Execs Say

An economic slowdown might be the only way to fill job vacancies, says Raytheon CEO.

Czech Republic To Buy 24 F-35s Amid Russia's War on Ukraine, Ministry Says

“Given the worsening security situation,” Prague says, it must bolster air forces now.

At UK Airshow, Defense Execs Warn of Inflation, Supply Chains, and Worker Shortages 

The Biden administration needs to invest in apprentice schools, CEO of top aerospace and defense firm says. 

UK to Fly Fighter Prototype Within Five Years, Defense Minister Says

That project is proceeding under somewhat less secrecy than the Pentagon’s next-gen air-dominance effort.

Boeing’s Fighter Jet Business Is Not Dead Yet, New Defense Boss Says

“We’re investing,” says Ted Colbert, outlining company plans on the eve of Farnborough Air Show.