Breaking News Business

RTX will pay almost $1B for defrauding DOD, allegedly bribing Qatari official

That’s on top of the $200 million levied in August for illegal exports to China and elsewhere.

Business

Bell presses on with FLRAA as Army cools on large programs

Service officials are banking on the future rotorcraft for a new air assault concept.

Business

Boeing to cut 10% of workers as defense unit loses $2B in 3 months

Performance on fixed-price programs is “simply not where it needs to be,” CEO tells employees.

Business

Can ULA clear the final hurdle on Vulcan?

The company is preparing to launch the heavy-lift rocket for the second time, on Friday.

Business

Aerojet digging ‘out of this hole’ as it clears rocket backlog, president says

Thousands of motors behind schedule last year, the company says its deliveries are catching up again.

Business

FBI’s Carahsoft raid comes amid allegations of price-fixing

The leading IT reseller is in the middle of an ongoing False Claims Act case involving multiple vendors.

Business

FBI raids defense contractor Carahsoft

Company president says the agents were there "as part of an investigation into a company with which Carahsoft has done business in the past."

Business

Army wants to buy as many drones as it does munitions

The Army could theoretically acquire thousands—if not hundreds of thousands—of drones.

Business

Boeing workers strike will hit Pentagon programs

KC-46, P-8 facilities affected in what was already expected to be another down quarter, company officials say.

Business

Navy adds $1B to unconventional effort to boost sub production

A non-profit’s sole-source contract pushes third-party funding to a potential of nearly $4 billion.

Business

Anduril touts new, easy-to-build cruise missiles

The air-breathing “Barracuda” weapons are already flying, company execs say.

Business

Expect Air Force’s first robot wingmen to be AMRAAM ‘trucks’

Increment-one CCAs will essentially haul extra air-to-air rounds for F-35, F-22, RTX says.

Business

Air Force merges ICBM program management offices

The new Intercontinental Ballistic Missile Systems Directorate will handle work on the decades-old Minuteman III and the wildly over-budget Sentinel.

Business

RTX fined $200M for exporting defense tech to China, Russia, Iran

Among other violations, employees traveled abroad with unauthorized technical data about U.S. aircraft and other weapons.