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.

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.

Budget woes may slow Pentagon efforts to strengthen industry

The Defense Department released the first implementation plan for its defense-industry strategy.

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.

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.

Breaking News

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.

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.

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.

Can ULA clear the final hurdle on Vulcan?

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

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.

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.

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."

Protest puts US Army’s $990M loitering-munition contract on hold

The month-old sole-source award went to AeroVironment for its Switchblades.