The Italian company, through its subsidiary, Leonardo International, will take a 51% majority stake in the new joint venture, called Leonardo & Codemar S.A.

European missile manufacturer MBDA has taken a stake in French software analysis company Numalis in a bid to strengthen the artificial-intelligence capabilities of future weapons.

The Trump administration’s fiscal 2021 defense budget request is “flat” for the Pentagon but doubles down on space, hypersonic and cyber capabilities against China, Russia and others and would make recent changes to the national security structure “irreversible,” officials said Feb 10.

The whistleblower contends Lockheed Martin has been applying a chemical to seal the C-130J’s integral fuel tank that may have long-term health consequences for those applying it and others nearby.

BAE Systems’ move to bulk up its U.S. defense subsidiary with the acquisitions of a core piece of the erstwhile Rockwell Collins and a competitor unit to rival prime L3Harris Technologies will come at a premium, analysts said.

BAE is expected to pay $1.925 billion for Collins’ GPS business and another $275 million for Raytheon’s radio business

The Pentagon continues to assess whether signing a five-year performance-based logistics (PBL) contract with Lockheed Martin is the most cost…

Investment firm L Squared Capital Partners is looking to acquire small companies focused on aerospace and defense.