Textron Aviation’s layoffs are part of a restructuring plan by its parent company to cut costs and improve operating efficiency, the company said in a U.S. SEC filing.
“We’re using the same philosophy, some of the same expertise, lessons learned, what worked, what didn’t and applying that to the public shipyards,” says Hondo Geurts, assistant secretary of the Navy for research, development and acquisition.
A U.S. district court in Washington has unsealed a six-year-old False Claims whistleblower case against Navistar International, a key provider of Mine Resistant Ambush-Protected ground vehicles.
Chief of Naval Operations Adm. Mike Gilday released his initial guidance to the fleet Dec. 4.
The DOD has released all but the last $8.5 million of the $250 million military assistance package appropriated for Ukraine, part of $391 million in withheld aid that spawned the ongoing impeachment probe of President Donald Trump, a Pentagon official said on Dec. 4.
The Pentagon cannot kick off its contract financing study until Congress passes and President Donald Trump signs an appropriations bill for fiscal 2020.
Israel-based Elbit Systems looks forward to starting next year as a significantly larger player in its home market, as well as another home market in the U.S., managers suggested while reporting their latest quarterly earnings Nov. 26.
Six decades after the rise of the “Nuclear Navy,” fission attracts new military interest.
Supplier TransDigm Group continues to evaluate and seek merger and acquisition (M&A) targets, the company’s leader said Nov. 19.
The British government looks set to give a green light to the sale of defense company Cobham to U.S. private equity firm Advent.