Business

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.…

Despite delays, United Launch Alliance says its Vulcan heavy-lift rocket will still fly two missions for the Space Force before the end of the year—if the rocket’s second flight goes smoothly.Vulcan had its maiden flight in January, years…

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…