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Leidos said it was awarded a new task order by the U.S. Air Force to provide intelligence, surveillance and reconnaissance operations support which could total up to $717 million. The task order ...

ADJUSTED EARNINGS PER SHARE: Adjusted earnings are expected to come in at $1.41 a share, compared with $1.48 a share the prior year. The stock has gained 7% this year, and recently traded at $151.

Leonardo DRS agreed to acquire Raft, a provider of military and defense software, for $450 million in cash. The company said Raft would improve its portfolio of software and data offerings for defense ...

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Skyworks said it is optimistic its merger with Qorvo announced last year will now close within the calendar year. The companies said Skyworks Chief Executive Phil Brace will serve as CEO of the ...

The slide in chip stocks also reflects a backdrop of increasing concern about the returns from heavy spending on AI infrastructure. Both Tesla and Alphabet last week said their free cash flow turned ...