Boeing CEO Calhoun exiting at end of year
Dave Calhoun had been under fire for some time, in large part due to public failures on the commercial side of the company.
Boeing’s defense arm weighs sale of small surveillance business
Boeing acquired Germantown, Md.-based Digital Receiver Technology Inc. in 2008, when the aerospace giant was seeking to expand its presence in the intelligence sector.
Dassault, Thales, MBDA bank ‘extraordinary’ 2023 sales, with more projected
Thales, Dassault Aviation and MBDA all conducted their annual investor events over the last two weeks, with the three firms collectively announcing revenues of €27.7 billion ($30.3 billion) in 2023, a massive haul for France’s defense sector.
Israel’s 3 biggest defense companies take stock after 5 months of war
With thousands of their employees called up to the reserves, the companies moved to 24/7 shifts to supply the IDF, while continuing sales abroad, executives at each told Breaking Defense.
Emirati defense giant EDGE Group teams with Spain’s Indra to dive into advanced radar market
The agreement speaks "volumes about EDGE’s resolve to develop sound domestic production capabilities of next-gen radar systems in the short term and to position itself as a competitive radar production hub regionally in the long run," one analyst told Breaking Defense.
Rafael expects Iron Beam laser to be active in 2025: Exec
The Oct. 7 attacks have not had a major impact yet on the company’s bottom line, a top executive tells Breaking Defense.
‘Political decisions’: Saab CEO says NATO rushed E-3 replacement decision in favor of E-7 Wedgetail
“We were asked to put in our offer and then they [the NATO Support and Procurement Agency] didn't really go into discussion with us, because they had already decided they had to go and buy Wedgetail," Micael Johansson, CEO at Saab told Breaking Defense.
UAE’s EDGE Group and Italian shipbuilder Fincantieri stand up $32 billion JV
EDGE will control 51 percent of the joint venture, giving it the right to produce Fincantierri's ships for the region.
In stark warning, Navy secretary tells industry to deliver, not ‘goose your stock prices’
"[I] also want you to know that the Department of the Navy is holding companies accountable for poor performance and misconduct," Secretary Carlos Del Toro said in an unusually pointed keynote speech.
Inside Northrop’s plan to dramatically increase defense exports over the next decade
Steve O’Bryan, Northrop's top international sales executive, says the company will seek to follow the "F-35 playbook" and partner globally.
How South Korea’s defense industry transformed itself into a global player
South Korea’s defense industry is exploding, and there are some fundamental reasons why it is meeting such success in the export market.
Space industry shakeups: Aerospace consolidates, Maxar breaks up
One Maxar official told Breaking Defense today that Maxar's "mission focus" on NRO will not be affected by the split up.
Boeing CFO signals fresh losses in Q3 for contractor’s defense sector
Boeing Chief Financial Officer Brian West previously warned that it could take several years until the company’s struggling defense sector turns a profit.
Palmer Luckey on Anduril’s growth plans, a future IPO and how ChatGPT has impacted AI
"I can't really imagine a world where something like a Joint Strike Fighter program goes to a privately traded company," Luckey told Breaking Defense. "I can't imagine that ever happening."
Anduril ‘going after everything’ with new rocket motor business, Palmer Luckey says
“The only way that we're going to get to the scale of a prime that can change the way a lot of things are done is to work across the same domains that a prime has to do," Palmer Luckey told Breaking Defense. “You have to fight and win across multiple areas.”