The Navy secretary’s misguided war on profits

The Navy secretary’s misguided war on profits
The Navy secretary’s misguided war on profits

In this op-ed, Bill Greenwalt of AEI pushes back on Navy Secretary Carlos Del Toro’s recent criticisms of industry.

Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million

Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million
Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million

Terms of the acquisition include the shipbuilder paying a fixed fee of €300 million ($323 million), and “based on certain growth assumptions,” an additional €115 ($124 million) directly relating to performance of the underwater armaments business this year.

Airbus US finalizes acquisition of Aerovel as it eyes low-cost drone market

Airbus US finalizes acquisition of Aerovel as it eyes low-cost drone market
Airbus US finalizes acquisition of Aerovel as it eyes low-cost drone market

Airbus would also likely respond to a recent request for information on drone capabilities that could replace the Navy’s MQ-8C Fire Scout uncrewed helicopters, said CEO of Airbus U.S. Space and Defense Rob Geckle.

Defense companies keep up momentum on share repurchases, despite Navy leader’s criticism

Defense companies keep up momentum on share repurchases, despite Navy leader’s criticism
Defense companies keep up momentum on share repurchases, despite Navy leader’s criticism

Capital Alpha Partners found that buy back amounts at defense contractors were higher this financial quarter for all but only four others since March 2011.

Lockheed, Howmet settle lawsuit over F-35 titanium (EXCLUSIVE)

Lockheed, Howmet settle lawsuit over F-35 titanium (EXCLUSIVE)
Lockheed, Howmet settle lawsuit over F-35 titanium (EXCLUSIVE)

Lockheed Martin alleged in court filings that Howmet cut off the supply of titanium after the aerospace giant refused to agree to higher prices, threatening production of the F-35.

Leidos nabs $206M bid to update software for NGA analysts

Leidos nabs $206M bid to update software for NGA analysts
Leidos nabs $206M bid to update software for NGA analysts

The new project, called Maru, “will provide the means to replace legacy applications and to integrate modernized exploitation capabilities for the IC, DoD and our international partners,” the NGA spokesperson told Breaking Defense.

Chris Calio takes helm of RTX as new chief executive

Chris Calio takes helm of RTX as new chief executive
Chris Calio takes helm of RTX as new chief executive

Calio has overseen the reorganization of RTX into three business units, and has said the company will further de-emphasize its role as a space prime contractor.

Gaza conflict presents biggest test yet for IDF’s handheld, 3D navigation tech

Gaza conflict presents biggest test yet for IDF’s handheld, 3D navigation tech
Gaza conflict presents biggest test yet for IDF’s handheld, 3D navigation tech

David Harel, CEO of the Israeli firm Asio Technologies, told Breaking Defense his company’s Orion device has deployed by the thousands with Israeli soldiers in Gaza.

L3Harris lobbying DoD to create ‘resilience’ standard for communications

L3Harris lobbying DoD to create ‘resilience’ standard for communications
L3Harris lobbying DoD to create ‘resilience’ standard for communications

“Right now, you and I can go to a Cabela’s, we can buy a radio, we can go to a trade show, put it out on a table, and we can say it’s a form of resilient communication, because there’s no standard,” Samir Mehta said. “It’s time that we have a standard.”

House lawmaker hopes to resuscitate DoD’s venture fellowship program

House lawmaker hopes to resuscitate DoD’s venture fellowship program
House lawmaker hopes to resuscitate DoD’s venture fellowship program

Rep. Elise Stefanik criticized the Air Force’s decision to terminate a fellowship program that paired DoD personnel with the private sector as “shortsighted and misguided,”

SES to buy Intelsat, further shrinking SATCOM gene pool

SES to buy Intelsat, further shrinking SATCOM gene pool
SES to buy Intelsat, further shrinking SATCOM gene pool

Space industry analyst Todd Harrison said the $3.1 billion purchase is latest in a “shakeup” in the satellite communications landscape following the proliferation of LEO birds.

Boeing buys GKN factory, ending dispute over F-15, F/A-18 parts

Boeing buys GKN factory, ending dispute over F-15, F/A-18 parts
Boeing buys GKN factory, ending dispute over F-15, F/A-18 parts

Through the deal, Boeing’s litigation with supplier GKN Aerospace will be dropped, and the aerospace giant will take possession of a St. Louis-area factory it used to own.

L3Harris selloffs hampered by low bids, CEO says

L3Harris selloffs hampered by low bids, CEO says
L3Harris selloffs hampered by low bids, CEO says

“To the extent we can get a good price for what we’ve identified as non-core [businesses], we’ll do it. But too many of the offers are coming in low and people think we’re desperate to sell, and I can assure you we’re not,” said L3Harris CEO Chris Kubasik.

Shipbuilder Austal USA names Michelle Kruger as new president

Shipbuilder Austal USA names Michelle Kruger as new president
Shipbuilder Austal USA names Michelle Kruger as new president

Kruger had been serving as interim president since former chief Rusty Murdaugh resigned last spring.