Lockheed Martin has agreed to buy Amentum's hardware and product business for $360 million in cash. Amentum said Wednesday that selling its Rapid Solutions business is part of a strategy to strip down to a pure-play technology provider. It also helps the company chip away at debt on its balance sheet. The business makes products, including communications and tactical systems, for national security objectives and accounts for about 1% of Amentum's annual revenue. The deal is expected to close in the second half of the year and generate about $325...

In partnership with The Acadiana Advocate, the705 is recognizing its annual Top 20 Under 40 Acadiana Leadership Award honorees, presented by Advancial Federal Credit Union. Honorees will be recognized at a May 2 banquet. For tickets, visit bit.ly/20under40for2025. Lore Linton is executive director of the Children’s Museum of Acadiana. Tell me about your life growing up. Where are you from, and who were your biggest influences on your life? I was born in Houston, but my parents moved back home to Lafayette when I was 2 because, as we all...

For all the turmoil these days, the U.S. stock market remains extremely attractive to investors around the world, simply because of its sheer size and liquidity. But it’s still quite difficult for investors in other parts of the globe to trade stocks on U.S. exchanges. A San Mateo-based startup called Alpaca has quietly capitalized on that opportunity by offering an API to financial services firms that let them sell trading services to their consumer user bases. Today, Alpaca claims it serves more than 5 million brokerage accounts, and has more...

President Donald Trump’s on-again, off-again tariffs are putting many California businesses, jobs and the state budget at risk. They’re affecting not only long-term relationships with trading partners, but an intricate web of ecosystems and supply chains. The California business owners and groups grappling with the tariffs — wine shop owners, winery founders, farmers — say the precise effects on their industries are unclear so far. They hope there will be an upside. But for those who have a broad view of trade, things look grim. The Port of Los Angeles...

SALT LAKE CITY — A subsidized housing facility for seniors recently reopened after an extensive renovation, offering modernized units and more affordable housing options to new and current tenants. New City Plaza recently opened to new tenants aged 62 and older following its nearly three-year-long renovation and modernization project. The new facility is geared toward seniors and qualifies as a "deeply affordable" housing option, meaning it is designed for those who earn 59% of the area median income or less, with priority for those earning under 30%. Housing Connect —...