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BURLINGTON, Vt.--(BUSINESS WIRE)--U.S. Transportation Secretary Sean P. Duffy on Friday became the first Transportation Secretary in American history to fly in an electric vertical take-off and landing aircraft (eVTOL). Secretary Duffy’s historic flight — which marks an important milestone in development of these next generation aircraft — took place at BETA Technologies, Inc. (NYSE: BETA) headquarters in Vermont. eVTOLs are aircraft that have the potential to generate new jobs, connect communi...

SOLANA BEACH, Calif.--(BUSINESS WIRE)--AEVEX Corp. (NYSE: AVEX), a portfolio company of Madison Dearborn Partners’ funds and a global leader in cutting-edge unmanned systems, today announced the commencement of a public offering of its Class A common stock by AEVEX and certain selling stockholders (the “Offering”). AEVEX is offering 5,726,157 shares of Class A common stock and the selling stockholders are offering 2,273,843 shares of Class A common stock pursuant to a registration statement on...

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a two-for-one forward stock split. The Board of Directors also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. As a result of the stock split, which will be effected through an amendment to the Company’s Restated Certificate of Incorporation, each stockholder of record as of the close of trading o...

MALIBU, Calif.--(BUSINESS WIRE)--HRL Laboratories introduces a new inertial measurement unit (IMU) that provides near navigation-grade accuracy in a palm-sized package. Smaller and lighter than grade-equivalent conventional sensors, HRL’s AXI-R100 delivers range-extending accuracy for GPS-contested navigation. The product is now ready for pre-production orders. Using silicon micro-electro-mechanical systems (MEMS) technology, HRL’s gyros exceed current state-of-the-art tactical-grade levels of...

SAN JOSE, Calif.--(BUSINESS WIRE)--Altera Corporation, the world’s largest pure-play FPGA solutions provider, today announced collaborations with Mercury Systems and VadaTech to expand its Agilex® 9 FPGA ecosystem with new COTS-based solutions for next-generation defense platforms. By combining Agilex 9 medium-band Direct RF FPGAs with industry-standard, open-architecture systems, the companies are helping defense customers accelerate time to market, reduce SWaP, and enable more flexible, softw...

LANSING, Mich.--(BUSINESS WIRE)--As the defense industry grows, a new report finds that America’s competitiveness now hinges on workforce availability, risk reduction, and regional innovation corridors. A new white paper from the Washington Post Creative Group, in collaboration with the Michigan Economic Development Corporation (MEDC), utilizes a survey with senior leaders in U.S. defense and aerospace, manufacturing, engineering, and supply chain to assess what the U.S. needs to compete global...

HUNTSVILLE, Ala.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has expanded its Advanced Manufacturing Facility-South (AMF-South) in Huntsville with a $25 million investment that includes an additional 130,000 square feet of manufacturing space. The expansion increases the company’s footprint in Huntsville to ~670,000 square feet across three local sites. The AMF-South location is able to scale rapidly by utilizing space that already has the necessary infrastructure in place. “The additio...

NEW YORK--(BUSINESS WIRE)--Sculptor Capital Management, Inc. (“Sculptor” or the “Firm”), a leading global alternative asset manager specializing in opportunistic investing, today announced the closing of Eclipse 2026-1, a $415.5 million aircraft securitization. The transaction marks an ABS offering under a new sponsor–servicer relationship between Sculptor and SMBC Aviation Capital, combining SMBC Aviation Capital’s established global servicing platform with Sculptor’s asset management expertis...

EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO) Announces 20% Class B Stock Distribution...

ROCHESTER, N.Y.--(BUSINESS WIRE)--Safran Federal Systems together with Safran Electronics and Defense, announced the delivery of its 50,000th SecureSync™ time synchronization system....