Meet Boeing's new CEO Kelly Ortberg New Boeing CEO Kelly Ortberg is "capable of fixing the management floor with his left hand and choosing the right new plane with his right hand," notes one analyst. Fortune · Jul 31, 2024
First fiscal 2024 appropriations package heads to Biden's desk - Roll Call The Senate cleared a six-bill, $468.7 billion spending measure Friday ahead of a midnight deadline to prevent a partial government shutdown. Roll Call · Mar 8, 2024
Biggest CEO successes and setbacks: 2022’s triumphs and 2023’s challenges How the likes of Satya Nadella, Elon Musk, Mark Zuckerberg, and Cathie Wood did in 2022–and the challenges that await them in 2023. Fortune · Dec 21, 2022
How CEOs can protect their companies from short-term risks while preparing for the future Raytheon's Greg Hayes, Best Buy's Corie Barry and others discuss the dilemma. Fortune · Nov 10, 2022
Ukraine’s allies can’t get arms fast enough as stockpiles shrink With Russia’s war in Ukraine in its eighth month, some European nations that have funneled weapons to Kyiv are running low, and it could take years for defense contractors to meet the shortfall. Tribune News Service · Oct 11, 2022
Pratt & Whitney posts 16% sales increase in 2nd quarter, citing passenger return to air travel, manufacturing boost More shop visits for parts and repairs and rising jet engine manufacturing powered a 16% increase in second-quarter sales at Pratt & Whitney, its parent company, Raytheon Technologies Corp., said Tuesday. Tribune News Service · Jul 26, 2022
US buys more Stingers to refill stock sent to Ukraine: Report The missiles are in high demand in Ukraine, where they have been used to shoot down Russian helicopters and bombers. Al Jazeera · May 27, 2022
Ukraine war boosts weapons makers' stock prices, but revenue to take years to flow through When Russia launched its invasion of Ukraine at the end of February, the stock prices of many of the world's biggest arms manufacturers spiked. However, most of the hardware being sent to Ukraine is coming from donor nations' existing inventories. ABC News · May 6, 2022
Javelin anti-tank missiles get Biden nod as Ukraine depletes US stash WASHINGTON — President Joe Biden stressed the importance of U.S. and allied weapons for Ukraine’s defense Tuesday with a visit to a Lockheed Martin Corp. plant making Javelin anti-tank missiles, which American and NATO officials say have mauled Russia’s invading armored columns. Tribune News Service · May 3, 2022
Push to arm Ukraine putting strain on US weapons stockpile When President Joe Biden visits a Lockheed Martin plant on Tuesday that manufactures an antitank weapons system, he’s certain to herald the U.S.-made arms as a gamechanger in Ukraine’s stiff resistance to the Russian invasion The Independent UK · May 2, 2022
Lawmakers fret over dwindling Javelin supply Several lawmakers are calling on Biden to trigger the Defense Production Act amid conflict in Ukraine. Axios · Apr 29, 2022
Ukraine fuels massive arms gold rush Putin's war is a tragedy for the world, but it already has big winners: Weapons firms and the Pentagon budget Salon · Apr 20, 2022