The Biden administration nominated Frank Kendall III, who advised Biden on national security and military issues during the presidential campaign, to be the 26th Secretary of the Air Force. Kendall is the former Pentagon acquisition, sustainment and logistics czar, who led a multiyear effort at ...
Lockheed Martin will buy Aerojet Rocketdyne, maker of rocket motors and hypersonic engines, among other products, in a $5 billion transaction, Lockheed announced Dec. 21. The biggest issue in the potential deal is how comfortable the industry, Congress, and the Pentagon will be with all ...
Massive spending to combat the coronavirus pandemic may suppress defense spending and therefore defense stock prices, which have tanked to the tune of more than 30 percent in the last month, according to defense and aerospace analyst Byron Callan of Capital Alpha. Congress may also ...