Archive: Business/Financial

Raytheon Wins $1.3 Billion U.K. e-Borders Contract

Raytheon [RTN] recently was selected by the United Kingdom’s Home Office to receive a $1.3 billion contract to develop and install a border security system that will allow British authorities to check the background of persons entering and exiting the country against various watch lists. Raytheon beat British Telecom for the e-Borders contract. In two […]

IDF Awards Lockheed Martin $2.3 Million For LCS Combat Systems Study

Lockheed Martin [LMT] was awarded a $2.3 million foreign military sales contract to continue concept and preliminary design work on the proposed Israeli Navy’s Littoral Combat Ship (LCS-I), the company said. Lockheed Martin will work with the U.S. and Israeli navies to develop a technical specification and acquisition cost package for the LCS-I combat system. […]

General Dynamics Acquires Mediaware International Pty Ltd.

General Dynamics [GD] this week said it has acquired Mediaware International Pty Ltd.,a leading developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers. Terms of the acquisition were not disclosed. The privately held Mediaware International, which has about 40 employees, will continue to be based in Sydney, […]

DHS Postpones Certification of Next Generation Radiation Portal Monitors

By Calvin Biesecker Homeland Security Secretary Michael Chertoff has postponed a decision on certifying the cost benefits of new radiation detection portal monitors based on the concerns of Customs and Border Protection (CBP), the agency that would be the primary user of the Advanced Spectroscopic Portals (ASP). CBP doesn’t have any concerns with the next-generation […]

General Dynamics Acquires Mediaware International Pty Ltd.

General Dynamics [GD] yesterday said it has acquired Mediaware International Pty Ltd.,a leading developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers. Terms of the acquisition were not disclosed. The privately held Mediaware International, which has about 40 employees, will continue to be based in Sydney, Australia. […]

Lockheed Martin Jumps Into Hot Solar Market

By George Lobsenz Lockheed Martin [LMT], the giant defense contractor, announced this week it is jumping into the red-hot solar energy market through a joint venture with Starwood Energy Group Global LLC that will pursue utility-scale solar generation projects in North America. Lockheed Martin and Starwood said they believe Lockheed Martin’s project management skills could […]

Raytheon Wins $1.3 Billion U.K. e-Borders Contract

By Calvin Biesecker Raytheon [RTN] yesterday was selected by the United Kingdom’s Home Office to receive a $1.3 billion contract to develop and install a border security system that will allow British authorities to check the background of persons entering and exiting the country against various watch lists. Raytheon beat British Telecom for the e-Borders […]

IDF Awards Lockheed Martin $2.3 Million For LCS Combat Systems Study

Lockheed Martin [LMT] was awarded a $2.3 million foreign military sales contract to continue concept and preliminary design work on the proposed Israeli Navy’s Littoral Combat Ship (LCS-I), the company said. Lockheed Martin will work with the U.S. and Israeli navies to develop a technical specification and acquisition cost package for the LCS-I combat system. […]

Earnings Notes And News

American Science & Engineering [ASEI]   2Q08 2Q07 Sales $37.6M $29.6M Net Inc. ($4.5M, $0.48) ($4.8M, $0.49) Despite a 27% jump in sales, profits fell due to lower gross margins on product mix, new product development costs and an 81% increase in research and development spending. Part of the reason for the profit decline stems […]

Raytheon Acquires Robotics Technologies From Sarcos

Raytheon [RTN] said on Monday it has acquired the robotics technologies and capabilities from Sarcos Inc., which does research and development in advanced robotics systems for industry and entertainment, medical devices, and mechanical and electrical microsystems. Terms of the deal were not disclosed. Sarcos, based in Salt Lake City, Utah, has 56 employees. Its customers […]