Business

Northrop Grumman might seek to join the competition to build the Air Force’s sixth-generation fighter jet if the service rethinks its original requirements for the platform, the company’s CEO said Thursday.Air Force officials announced this…

Can Anduril Industries really produce a cruise missile faster and for one-third less money? Company officials say their new Barracuda line of air-breathing missiles will cost 30 percent less than comparable weapons and are designed to…

Russia is evading sanctions to acquire U.S.-made semiconductors and weapons components for use in Ukraine—largely through China, according to a new Senate report that led lawmakers to grill chip-making executives on Tuesday.“Manufacturers…

Weapons-builder RTX is working with General Atomics and Anduril to fit air-to-air missiles on the first set of Air Force drones that will fly and fight alongside fighter pilots in combat. The service has set RTX’s Advanced Medium…

The Air Force is making several changes as part of its effort to replace the aging Minuteman III intercontinental ballistic missile program after the service branch cancelled a large contract related to it.The service has twice…

Raytheon will pay a $200 million fine for the unauthorized export of defense technology to China, Russia, Iran, and elsewhere, the State Department announced today.The settlement will cover 750 violations of the Arms Export Control Act…

ALEXANDRIA, VA — California's minimum wage hike claimed another victim this week in the popular fast-food burger joint now formerly known as Five Guys. Following a massive round of layoffs, the fast-food restaurant is now down to only two…

The Pentagon is withholding $5 million from Lockheed Martin for each new F-35 fighter jet that isn’t loaded with the full upgrade of the latest version of the jet.The company resumed deliveries of the Technology Refresh-3 variant of the…

Lockheed Martin just graduated the first students from its F-16 training center in Romania, but the company is already looking to expand it and double its production of pilots as the U.S. and its allies struggle to meet demand for…

Palantir Technologies has named Mike Gallagher, the former congressman who led the House Select Committee on China, to lead its defense business, the company announced Thursday. The Wisconsin Republican left Congress earlier this year…