The agreement on the all-cash transaction includes a $5 per share, pre-closing special dividends to Aerojet’s shareholders, reducing the post-dividend value of the deal to $4.6 billion.

The missile forms a critical element of the Pentagon’s fast-track plan to develop a range of high-speed stand-off strike and cruise weapons to counter new Chinese and Russian hypersonic capabilities. 

South Korea's defense acquisition agency may opt for a private prime contractor and promote the effort as an international joint development project.

Israel’s Missile Defense Organization and the U.S. Missile Defense Agency have completed a series of missile defense tests that indicate Israel’s multilayered air defenses can intercept incoming threats simultaneously.

Russia on Dec. 15 MST, conducted a direct-ascent anti-satellite missile test, according to U.S. Space Command (Spacecom).

A year and a half after Turkey moved forward with the acceptance of Russian surface-to-air missiles, the U.S. is finally imposing sanctions on the NATO ally with whom relations are increasingly strained.

The external release of a subsonic, Lockheed Martin AGM-158 Joint Air-to-Surface Standoff Missile from the right forward fuselage station of the B-1B helps to prove the feasibility of launching hypersonic weapons.

The USS Chaffee, a DDG-51 destroyer, conducted the first operational test of the Raytheon Tomahawk Block V.