RTX

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

Lockheed Martin has won a sixth prime contractor role in a U.S. hypersonic missile program.

The U.S. Army is grappling with a $34 million reduction to its Future Attack Reconnaissance Aircraft Competitive Prototype effort.

The U.S. Air Force intends to cancel Raytheon’s contract for a next-generation, three-dimensional, long-range radar.

Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.

Private equity-backed Shimtech Industries has purchased Fastener Technology Corp.