Supply Chain

The defense tech ecosystem is coming into its own as the Pentagon works to overcome the so-called “valley of death.”

Lockheed Martin plans to cut around 1,220 workers, or 1% of its workforce, in 2024.

Holding 70% of the company’s outstanding shares, they could declare a crisis of confidence, challenge the status quo and demand a change in top management.

L3Harris’s revenue jumped 17% annually in the fourth quarter to $5.3 billion, while adjusted earnings per share of $3.35 were about 1% ahead of consensus estimates.

The aerospace and defense sector could experience modest mergers and acquisitions activity this year.

The aerospace and defense industry is grappling with a growing set of complex geopolitical risks in the Indo-Pacific.

RTX closed out 2023 strongly as its fourth-quarter earnings beat Wall Street’s expectations.

Edge Group has taken control of 65% of International Golden Group in a significant consolidation of the United Arab Emirates’ defense industry.

We may be witnessing the slow demise of what was once the world’s greatest aerospace company, with few identifiable roadblocks to an act of self-immolation.

Executives are exploring using the technology to strengthen supply chain resilience, optimize production processes and enhance the customer experience.

Mercury Systems (MRCY), a tech provider to the aerospace and defense industry, said it would consolidate its Mission Systems and Microelectronics divisions.

The Pentagon’s first-ever National Defense Industrial Strategy has a three-to-five year goal to create a more resilient supply chain.

Barnes Group said Jan. 11 that it will sell its Associated Spring and Hänggi businesses to One Equity Partners in a deal that will net $150 million.

Advanced manufacturing startup Atomic-6 announced on Jan. 11 that it had raised $9.2 million jointly awarded by the U.S. Air Force and Space Force.

Private equity firm Liberty Hall Capital Partners announced on Jan. 8 the merger of software providers Comply365 and Vistair Limited. sectors.

The CEO talks mergers and acquisitions, growth strategy and more in a time of growing geopolitical uncertainty.

More companies are likely to need a strong focus on operations to execute challenging business initiatives.

Crane has acquired Vian Enterprises, a supplier of aerospace oil lubrication systems including pumps, valves, fluid regulators and gerotors, for $103 million.

The MiG-UTS will be designed for affordability—in production and operations.

By streamlining defense collaboration in key emerging technologies, the AUKUS nations aim to develop “integrated deterrence” in the Indo-Pacific.

AAR Corp. announced on Dec. 21 that it would buy Triumph’s (TGI) Product Support Group for $725 million.

Industry titans will continue to sell off businesses, and private equity will continue to play a central role.

If 2023 is any indication, 2024 could be a yearlong Festivus in the supply chain.

Amprius Technologies has formally opened its “megawatt hour” lithium-ion battery manufacturing line expansion in Fremont, California.

Heir apparent Chris Calio to take over sprawling aerospace and defense giant.