The US Navy is attempting to rapidly deliver five Extra Large Unmanned Undersea Vehicles (XLUUV) to the fleet for deploying undersea mines without the need for sailors. However, the XLUUV effort is at least $242 million or 64 percent over its original cost estimate and at least 3 years late.

The…

Boeing’s stock has lagged the S&P 500 by ~5.5% in the last week. We view the move as largely beta- and market-driven and unrelated to any new developments. We see China and MAX 10 risks as potentially overdone at these levels given demand for the MAX ex these risks.

Pullback Largely Market Dri…

CAMPINAS, Brazil — Embraer delivered the first two SABER M60 version 2.0 radars to the Brazilian Army, which will be used in their Anti-Aircraft Artillery Units. In addition to these two radars, Embraer announced a new contract that includes four additional radars of the same model, which was reve…

Rafael Advanced Defense Systems Ltd. has completed the acquisition of Pearson Engineering Ltd. (PER). The acquisition was executed under a stock purchase agreement (SPA), transferring 100% of the ownership. The acquisition includes PER’s subsidiary company Responsive Engineering Ltd.

For more th…

PLYMOUTH, Minn. — Northrop Grumman Corporation announced today that it has surpassed the production and delivery of more than 100,000 Precision Guidance Kits (PGK) for 155mm artillery projectiles. A U.S. Army program, PGK replaces standard fuzing for conventional projectiles currently in inventory…