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Defense Business Alert

June 10, 2019 | Daily News

Raytheon and United Technologies announced today they have agreed to combine in an all-stock “merger of equals” to create a new company dubbed Raytheon Technologies.

June 10, 2019 | Daily News

Tom Kennedy, the chief executive of Raytheon, first approached Greg Hayes, the CEO of United Technologies Corp., about the possibility of a merger in 2018.

June 10, 2019 | Daily News

Many defense contractors, particularly those in the services industry, say they're intensely focused on their hiring practices and benefits as the market for the workers they need tightens.

June 09, 2019 | Daily News

Raytheon and United Technologies Corp. announced today they have agreed to combine in an all-stock “merger of equals” to create a new company dubbed Raytheon Technologies Corp.

June 07, 2019 | Daily News

The Trump administration is asking Congress to pass new legislation delaying implementation of a ban on the government sending federal dollars to companies and organizations that use certain Chinese telecommunications equipment and services.

June 07, 2019 | Daily News

The Trump administration is asking Congress to pass new legislation delaying implementation of a ban on the government sending federal dollars to companies and organizations that use certain Chinese telecommunications equipment and services.

June 07, 2019 | Daily News

Members of the House Oversight and Reform Committee are seeking a "comprehensive" investigation into TransDigm, even after the company last month agreed to refund $16.1 million the Defense Department inspector general previously deemed excess profit.

June 06, 2019 | Daily News

Mercury Systems, which continues to rapidly acquire new companies, is consolidating multiple West Coast facilities gained through acquisitions into an expanded manufacturing facility, according to its chief executive.

June 05, 2019 | Daily News

BAE Systems' U.S.-based organization last year restructured and renamed its research and development arm, now known as FAST Labs and meant to quickly generate innovative technology that can be transferred to the company's business units.

June 05, 2019 | Daily News

Boeing's winning bids on the MQ-25 unmanned tanker and T-X trainer programs, among others, were the result of significant changes in both the defense organization and its engineering and manufacturing processes, rather than simply low-price bids, according to the head of Boeing's defense business.

May 23, 2019 | Daily News

A week after its executives were asked during a congressional hearing to voluntarily refund “excess” profit, TransDigm has not returned the funds, according to a DOD spokesman.

May 23, 2019 | Daily News

Serco said today it has agreed to acquire Alion Science & Technology's naval systems business unit, including its Canadian business, for $225 million.

May 22, 2019 | Daily News

SpaceX has filed a lawsuit against the Air Force in the U.S. Court of Federal Claims, protesting the service's October 2018 Launch Services Agreement competition.

May 15, 2019 | Daily News

BALTIMORE -- New contracting language under development at the Defense Department aims to hold contractors "accountable" for the cybersecurity of the products they deliver to the government, as well as the security of the companies in their supply chains, according to the chief of the Defense Information Systems Agency.

May 15, 2019 | Daily News

A senior Pentagon acquisition official told Congress today the "sickening business practices" of contractor TransDigm Group have led the Defense Department to take new steps to mitigate alleged price gouging, including creating a watchlist of companies that refuse to provide cost data.

May 10, 2019 | Daily News

The Pentagon intends to launch a program next month to connect small, but promising technology companies with "trusted" venture capitalists, rather than risk the companies going into business with Chinese investors.

May 10, 2019 | Daily News

The Pentagon intends to launch a program next month to connect small, but promising technology companies with “trusted” venture capitalists, rather than risk the companies going into business with Chinese investors.  

May 06, 2019 | Daily News

The Pentagon has moved in recent years to better secure key technologies from potential adversaries like China, but those efforts are increasingly coming into conflict with the Defense Department's attempts to work with commercial businesses. 

May 06, 2019 | Daily News

The Pentagon has moved in recent years to better secure key technologies from potential adversaries like China, but those efforts are increasingly coming into conflict with the Defense Department's attempts to work with commercial businesses. 

May 01, 2019 | Daily News

Harris and L3 Technologies executives said today they are readying for their merger, which is still on track to close in mid-2019.

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