Business

Hicks Warns Against ‘Extreme Consolidation’ in Defense Industry

Kathleen Hicks, President Biden's pick to be deputy defense secretary, cruised through her confirmation confirmation hearing.

Business

Air Force Hunts for Ways to Use Not-Quite-Ready Tankers

We’re “making lemonade out of lemons,” Air Mobility Command says.

Business

USAF Goes Commercial for Project-Management App

The service aims to accelerate its digitization by adopting product lifecycle management software already used by industry.

Business

Northrop Grumman Says It Will Walk Away From Cluster Bomb Contract

The company's CEO says the decision is part of a move to "be thoughtful about potential human rights implications" of its products.

Business

Lockheed Overtakes Boeing as Largest US Aerospace and Defense Firm

Boeing, which saw no defense revenue growth last year, takes another financial hit from the tanker program.

Business

Raytheon Expects Biden to Block $500M Bomb Sale to Saudi Arabia

Yet industry executives believe foreign arms sales will remain a priority of the new administration.

Business

Austin Pledges to Recuse Himself from Military Decisions Involving Raytheon

The commitment is a huge win for Sen. Elizabeth Warren and other progressive Democrats pushing for stricter lobbying laws.

Business

Former Air Force Chief Goldfein Joins Blackstone

The retired general picked the investment firm over opportunities at defense companies.

Science & Tech

Air Force Recommends Space Command Move to Alabama

With one week left on the job, Secretary Barrett picked Huntsville. The decision, however, is not final.

Breaking News Business

Lockheed Martin Executive in Charge of F-35, F-22, Skunk Works Dies

Michele Evans, who was executive vice president of Lockheed Martin Aeronautics, had taken two medical leaves since 2019.

Business

Lockheed’s Proposed Aerojet Rocketdyne Purchase Sets Early M&A Test for Biden

The new administration will weigh in on a further consolidation of the U.S. defense industry.