Defense contractors, aerospace primes, shipbuilders, intelligence vendors, and companies tied to national security spending.
The defense contractor said it is expanding capacity in Rhode Island to support undersea-focused training systems for U.S. and allied navies, a move expected to strengthen a key growth area even as contract details remain limited.
THE APEX TIMES
THE APEX TIMES
The defense contractor said its chairman and chief executive officer, Christopher Kubasik, has left the company after a conduct review, sending L3Harris shares lower in early trading.
THE APEX TIMES
The defense contractor said it removed Chairman and CEO Christopher Kubasik following an investigation into conduct concerns. The announcement came with a drop in L3Harris shares on Monday.
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A post-trade move in Boeing (BA) tracked news that the U.S. Army has temporarily grounded its Apache helicopters after a crash near Fort Hood, Texas that killed two service members. The incident has raised questions about readiness, training, and potential knock-on impacts to defense aviation schedules.
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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.
