HELSINKI: Incap Corporation has signed an agreement to acquire 100% ownership of Lacon Group, a well-established EMS company with advanced ODM capabilities and modern facilities in Germany and Romania. The acquisition accelerates Incap’s growth strategy by strengthening its position in defense, railway technology, and medical technology sectors, where Lacon Group has reputable customers. With the…
ARLINGTON – Raytheon, an RTX business, and Avio USA have signed an agreement to establish a new, state-of-the-art solid rocket motor production facility in the United States, the companies announced Tuesday. The memorandum of understanding aims to make Avio a vertically integrated merchant supplier, serving Raytheon and other customers. Under the agreement, Raytheon will…
Lockheed Martin Corp. (NYSE: LMT) reported an 80% drop in second-quarter profit on Tuesday, citing a $1.6 billion pretax charge tied to a classified Aeronautics program and international helicopter contracts. The defense giant also slashed its full-year operating profit forecast by $1.5 billion, or 18%, to $6.65 billion, sending shares down more than 8%2.…