Mercury Systems had a respectable fiscal 3Q, but overshadowing the performance was significant pressure on margins tied to slow-moving development programs.
Under the AFWerx contract, Pittsburgh-based Near Earth will develop an architecture that enables autonomous aircraft to operate safely and efficiently.
Digital engineering had promised to deliver the trainer within six years of contract award, but problems have conspired to stretch Boeing’s schedule to 8 years.
Woodward’s sales rose 22% annually to $718 million in the second quarter of fiscal 2023, driven by robust demand in the aerospace and industrial markets.
The U.S. Pacific Fleet has “recently” tracked balloons across the Pacific and can down them if required, U.S. Pacific Fleet Commander Adm. Samuel Paparo says.