Andrew Harnik/Getty Images News The U.S. and its NATO allies have pledged to provide Ukraine with additional air defense capabilities, including equipment for five Patriot systems, to defend itself against Russian attacks, Joe Biden announced at the opening of the NATO summit on Tuesday in Washington, D.C. Ukraine will receiveContinue Reading
Kiyoshi Tanno Boeing (NYSE:BA) is in talks with the U.S. Department of Defense about ways to keep its government contracts after the aviation company agreed to plead guilty to a criminal charge resulting from two fatal crashes of its 737 Max plane, Reuters and Bloomberg News reported Monday, citing peopleContinue Reading
ewg3D/iStock via Getty Images Germany’s Ministry of Defense received less funding for 2025 than it had requested amid plans to increase spending by 6.7 billion euros ($7.25 billion), Reuters reported Monday. German Defense Minister Boris Pistorius said the shortfall was “annoying,” and that his agency would have to make theContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images The board of directors at Southwest Airlines (NYSE:LUV) announced on Wednesday that it has approved the adoption of a limited-duration shareholder rights plan. The rights plan will be triggered if an entity holds a 12.5% economic interest in the company. In addition, theContinue Reading
Genasys (NASDAQ:GNSS) Tuesday announced new and follow-on defense orders from the Middle East. The follow-on order is part of a previously announced foreign military sales contract award to deploy LRAD systems on shore installations and naval ships. The combined value of the original award and the follow-on order is overContinue Reading
The U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA) placed an order with Oshkosh Defense, an Oshkosh (NYSE:OSK) business, worth $27.3M. The order is for 57 Medium Equipment Trailers (MET). Oshkosh will execute the order with partner Broshuis B.V. “The MET stands as a testament to Oshkosh Defense’s unwavering commitmentContinue Reading
