Business
New solid-rocket maker aims to start production next year
Ursa Major says 3D printing will help deliver missile motors more quickly and cheaply than today’s players.
Business
Six charged with conspiring to defraud agencies with IT-contracting schemes
Defense and intelligence agencies are among those allegedly defrauded, federal investigators said—adding that more charges may be in store.
Business
Budget woes may slow Pentagon efforts to strengthen industry
The Defense Department released the first implementation plan for its defense-industry strategy.
Business
Northrop expecting next B-21 production award by year's end
But the company is still losing $1.2B on the first five production lots.
Business
Boeing will look to ‘do less and do better’: CEO
Defense and commercial aircraft will remain at the company’s core, but “some things on the fringe” might have to go.
Business
Northrop aims to double GMLRS rocket-motor output
Multiyear effort will help Pentagon rebuild stockpiles.
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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
Lockheed taps deputy F-35 chief to take over program
The change, effective Dec. 1, comes after a rocky year.
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
Companies that left Russia after 2022 invasion saw reputation boost, study shows
Even firms that hesitated eventually saw better net buzz.
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
Protest puts US Army’s $990M loitering-munition contract on hold
The month-old sole-source award went to AeroVironment for its Switchblades.
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