Business

PHILADELPHIA, PA — Sources close to businessman Greg Smith say that the 43-year-old entrepreneur was recently accosted by what seems to have been a time traveler from 1987 who asked if Smith happened to have a business card."He was very…

When L3Harris Technologies bought Aerojet Rocketdyne for $4.7 billion last year, the rocket-motor-builder was thousands of motors behind schedule. Now, just over a year into the acquisition, Aerojet says it’s getting back on track. The…

Western companies that pulled out of Russia after it invaded Ukraine in 2022—even ones that hesitated—have generally seen their reputations rise, according to a new study that suggests that firms can use geopolitical crises to burnish their…

Yesterday's FBI raid of Carahsoft was linked to allegations that the Pentagon contractor had for years worked with ostensible competitors to illegally fix prices for their services, according to documents filed in federal court.SAP,…

Editor’s note: This story has been updated to affirm that it is unknown whether the raid was related to the ongoing civil court case.The FBI and Defense Criminal Investigative Service launched a joint raid Tuesday morning at Carahsoft's…

Updated: 4 p.m. ET.The FBI has raided the headquarters of Carahsoft Technology Corp., a provider of IT, software, and cybersecurity services to the Pentagon and others, according to two people familiar with the matter.The raid was conducted…

Updated: 3:16 p.m.The U.S. Army has stopped work on an up-to-$990 million contract to buy AeroVironment Switchblade loitering munitions after a second company lodged a protest, according to an AeroVironment filing published Monday. The…

BRAMPTON – In response to continuing accusations of greed-flation and price gouging, Loblaws has announced the launch of a nationwide chain of for-profit food banks. “We’re sensitive to the fact that Canadians are struggling with the…

The Army wants to buy drones in the “kind of quantities” it buys munitions, Army acquisition chief Doug Bush said Wednesday during an webcast with Defense News. “We need them potentially at very large scale and very quickly,” said…

National Harbor, Md.—Northrop Grumman will release a new “tool box” of connected technologies, physical processors and radar apertures as well as software defined signals intelligence, cyber effects and communications all in one, the…