Defense contractors, aerospace primes, shipbuilders, intelligence vendors, and companies tied to national security spending.
The award, reported as a seven-year deal, highlights ongoing Navy demand for long-range strike capabilities tied to the Tomahawk cruise missile program.
THE APEX TIMES
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The defense contractor said its chief executive is stepping down right away following an internal conduct review, a move that rattled investor sentiment and sent L3Harris shares lower in early trading.
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The defense contractor said it determined its chairman and chief executive, Christopher Kubasik, violated its code of conduct, prompting the company to end his roles.
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RTX’s Raytheon business has been awarded a multi-year procurement agreement that the company’s partner described as unprecedented, with plans aimed at speeding output of Tomahawk cruise missiles for the U.S. Navy.
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The defense contractor said its board appointed Sam Mehta as President and Chief Executive Officer and as a member of the company’s Board of Directors, effective immediately, according to the announcement cited by Yahoo Finance.
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Archer Aviation says it has $6.9 million in revenue and is acquiring three Boeing subsidiaries, a deal that also leaves Boeing owning about 16.5% of Archer. The aircraft systems target, Insitu, is described as generating annual revenue far larger than Archer’s current sales.
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An amended FAA type certificate for Boeing’s 737-7 clears the aircraft for commercial service, while the company also flagged a technology trial aimed at improving how it builds and delivers aircraft. Investors are watching whether the latest approvals and test milestones translate into a steadier production and delivery path.
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The aerospace company said it reached agreements with the U.S. government and Raytheon to support additional production of the Standard Missile-3 (SM-3), covering key components including avionics and ejector assemblies.
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The commercial real estate services firm is reportedly in discussions about relocating its top offices to a Chicago building previously tied to Boeing, underscoring the ongoing shakeout in downtown office space.
