RTX

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.