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Defense Stocks Jump After Trump Calls for $1.5T Budget
Global defense stocks rallied after President Trump called for a $1.5 trillion U.S. military budget despite buyback concerns.
Trump blocks defense company payouts until arms production speeds up
President Trump says defense contractors should halt dividends and buybacks until weapons production speeds up.
Avio USA picks Virginia for $500M solid rocket motor factory
Avio USA plans a Virginia solid rocket motor facility, committing up to $500 million to expand U.S. aerospace and defense production.
Electra launches defense business unit
Manassas-based aviation startup Electra.aero on Wednesday announced that it has launched a new defense business unit.
Boeing awarded $2.7 billion in contracts for Patriot missile seekers
Boeing won $2.7B in multi-year deals to supply key guidance components for Patriot interceptor missiles amid rising global demand.
Electra expands Manassas headquarters
Manassas-based aviation startup Electra.aero on Tuesday announced it was expanding its headquarters in Virginia.
Amentum completes sale of Rapid Solutions for $360M
Amentum has completed the sale of its hardware and product business, Rapid Solutions, to Lockheed Martin for $360 million.
Lockheed Martin to cut jobs at Greenville F-16 site
Lockheed Martin is reducing its Greenville workforce following a U.S. Air Force decision not to extend its sustainment contract with the company. The cuts could mean a reduction of as many as 180 jobs or 10% of the workforce, according to reports. The Lockheed Martin site in Greenville’s South Carolina Technology & Aviation Center is […]
Federal contractor Amentum to sell Rapid Solutions for $360M
Chantilly-based federal contractor Amentum announced Wednesday it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.
Electra raises $115M to build ultra-short aircraft
Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. Prysm’s co-founder and managing […]
Firefly Aerospace to launch at Wallops Island
Cedar Park, Texas-based Firefly Aerospace has picked Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport located on Accomack County’s Wallops Island as a new launch site for its two-stage orbital Alpha rocket, Gov. Glenn Youngkin announced Monday. A small launch vehicle, the Alpha serves commercial, civil and national security clients and can carry 2,200 pounds to low [&he[...]
Leidos promotes chief information officer
Alexandra Guenther became Leidos’ chief information officer March 11, according to a spokesperson for the Reston-based Fortune 500 federal contractor. Guenther previously worked as program vice president for the civil operation of the Antarctic support contract at Leidos, where she led a cross-functional team of more than a thousand employees, according to her LinkedIn page. […]
