Archive: Business/Financial

GD Increases Dividend

General Dynamics [GD] on Wednesday said its board has increased the company’s quarterly dividend by nearly 11 percent to 93 cents per share, payable on May 11. The dividend hike represents the 21st consecutive year that GD has raised the dividend on its common stock. The current quarterly dividend is 84 cents per share. GD, […]

Chris Oliver, who led federal sales efforts for Intelligent Decisions, is now president of ID Technologies. Photo: ID Technologies

Acacia Group Acquires Intelligent Decisions, Splits Into Two Companies

The private equity firm The Acacia Group said yesterday it recently acquired federal technology provider Intelligent Decisions and has split the business into two separate companies, one focused on products and the other on services. The Acacia Group said it plans additional acquisitions to build on its new investment. The value of the deal was […]

Lockheed Martin Chief Executive Marillyn Hewson on March 5 delivers the annual "state of the company" address to reporters at the company's Global Innovation Center outside Washington, D.C. (Photo by Dan Parsons)

Lockheed’s Open-Systems Approach Allows Integration Of Commercial, Internal Tech With Military Systems

Lockheed Martin [LMT] is investing significant resources into modular open-architecture systems so that it can integrate new technologies into the platforms it already builds for the U.S. military. In a world where weapons and other military systems are increasingly software-defined and in which commercial technology is advancing at exponential rates, taking a modular, open-systems engineering […]

Lockheed Martin Chairman, President and CEO Marillyn Hewson

Hewson Says Details Lacking To Qualify Impact Of Trump’s Proposed Tariffs

Lockheed Martin [LMT] Chief Marillyn Hewson said on Monday that she doesn’t have enough information about President Trump’s plans for tariffs on steel and aluminum imports to know that the impact might be on her company and its suppliers. Hewson also said the company hasn’t had discussions with any of its foreign customers about how […]

Lynn Dugle, chairman, president and CEO of Engility. Photo: Engility

Engility Chief Dugle Elected Chairman

Lynn Dugle, president and CEO of Engility [EGL], has been unanimously elected as chairman of the board effective immediately, solidifying her leadership of the defense contractor. Dugle will continue to also serve as president and CEO. Previously, Engility’s board was co-chaired by Peter Marino and David Savner. Marino has been appointed as independent lead director […]

High tech overhead security camera at a government owned building. Photo: Kratos

Securitas To Acquire Kratos’ Pubic Safety & Security Business

Kratos Defense & Security Solutions [KTOS] on Thursday said it is selling its Public Safety & Security (PSS) Division to Securitas Electronic Security, Inc. for $70 million, a divestiture that will allow it to focus on its defense business. Kratos, which reported its fourth quarter financial results on Thursday, posted $751 million in sales for […]

Capitol at night---cropped---MS photo

Lawmakers, Industry Officials Complain Of Inconsistent Vetting Standards Across DHS

The Department of Homeland Security (DHS) is inconsistent in how it vets contractor employees, adding cost to industry and creating inefficiencies, lawmakers and industry officials said on Tuesday. Different DHS components apply federal “fitness standards” for contractors differently, which “causes difficulties as many contractor employees provide services for multiple DHS components,” Rep. Scott Perry (R-Pa.), […]

Orion spacecraft launch abort system fillet produced by San Diego Composites. Photo: San Diego Composites

Applied Composites Acquires San Diego Composites

Applied Composites on Tuesday said it has acquired another composite manufacturer, San Diego Composites (SDC), in a deal that expands its manufacturing capacity and enables it to provide customers with more integrated solutions. Terms of the deal were not disclosed. SDC produces large composite structures and has more than 60 employees. “The addition of SDC […]

iStock Cyber Lock

PlanetRisk Nabs First DHS Contract; Will Support Cyber Security Office

The enterprise risk analytics firm PlanetRisk this month said it won a potential $79 million contract to provide support to the Department of Homeland Security’s (DHS) office that oversees cyber security, the small company’s first contract with the department. The contract is for up to five years and will support the DHS Office of Cybersecurity […]