Business

Lawmakers’ continued failure to pass a 2025 budget could hinder Pentagon efforts to beef up supply chains and bolster defense, defense officials warned Tuesday.They spoke at the release of the Defense Department’s nearly 100-page…

Northrop Grumman anticipates getting a second contract to continue producing the Pentagon’s new B-21 Raider by the end of the year, executives announced today. “With B-21, we are on track for meeting the milestones associated with an…

Boeing won’t be able to fix its ailing defense arm, which lost $2 billion this quarter, anytime soon, but the company’s CEO said Wednesday that its defense products are still core to the company. “It's going to take a lot of work.…

Northrop Grumman is preparing to pump out 14,000 rocket motors per year, roughly doubling production as the Pentagon works to replace weapons sent to Ukraine and rebuild stockpiles against future wars. Over the last four years, the…

Defense giant Raytheon will pay the U.S government more than $950 million for defrauding the Pentagon and allegedly bribing a Qatari official, the Justice Department announced today. RTX admitted to “two separate schemes” to defraud…

Just months after the Army canceled one planned helicopter, and just a day after its top officer hinted at other large-program cuts, Bell Textron execs said they’re simply focusing on starting deliveries of their V-280 tiltrotor by decade’s…

Boeing’s defense business continued bleeding in the third quarter of 2024 as troubled programs, fixed-price contracts, and an inability to reach a deal with thousands of striking machinists dragged down the company. On Friday, the…

Lockheed Martin is switching the leader of its behemoth F-35 fighter jet program, announcing today that the program’s deputy, Chauncey McIntosh, will take the helm. On Dec. 1, McIntosh will succeed Bridget Lauderdale, a long-time…

At the Economic Club of Pittsburgh, Democratic presidential candidate Kamala Harris recently said she would “engage in what Franklin Roosevelt called ‘bold, persistent experimentation,’” as he had told the 1932 graduating class at…

TORONTO – After years of blaming inflation for raising prices on groceries, Canadian grocery chain behemoth Loblaws has announced that the current low interest rate environment will also require them to raise prices for, um, reasons.…