Business

NATIONAL HARBOR, Md.—The White House has made it clear that it wants to uncomplicate the Pentagon’s labyrinthian acquisition system. But the antiquated process that treats buying quadcopter drones the same as fighter jets is not the only…

Boeing’s defense unit reported no losses last quarter, returning to profitability after nearly a year. Boeing CEO Kelly Ortberg credited progress on several of its thorny programs, but cautioned that the Defense, Space & Security unit…

NEW YORK—Claiming it was the only way to protect one’s assets against economic volatility, a group of financial experts recommended this week that Americans diversify their portfolios with multiple harebrained schemes. “Rather than rely on…

In the wake of its loss in the Next Generation Air Dominance competition, Lockheed Martin plans to take the technology from its bid and funnel it into its F-35 program to pitch a lower-cost alternative to the future F-47.“The knowledge and…

Northrop Grumman is taking a $477 million hit on its B-21 Raider program to fund changes that will allow it to build the new stealth bomber faster than the Pentagon has so far requested.The pre-tax charge, tied to the first five low-rate…

The Army took a major step Monday in replacing the aging Patriot air defense missile system, with the selection of a new radar.The Lower Tier Air and Missile Defense Sensor, from Raytheon, has gotten the all-clear to begin initial…

COLORADO SPRINGS, Colo.—As defense contractors await firm direction from the Pentagon on Golden Dome, executives say the technology already exists to start developing space-based interceptors capable of hitting missiles in their boost…

QUEEN’S PARK – Responding to a New York Times exposé claiming that European firm Therme grossly overstated its business experience to land a suspiciously lucrative Ontario Place re-development deal, Premier Doug Ford has insisted that their…

Scout AI, a unmanned vehicle manufacturing and autonomy software startup, has fetched $15 million in seed capital from investors to mark its emergence from stealth mode.Colby Adcock and Collin Otis launched Scout AI in August to bring…

DENVER, CO — Middle Manager Colin Mears slowly realized today that the last 8 months of his career could have just been a single email.Eight months ago, Colin felt like he finally leveled up in his life when he took the promotion to middle…