Business/Financial

Defense watchers will seek insight during Leon Panetta’s confirmation hearing today into how he would treat weapon systems and industry as defense secretary, though the Washington insider offers few details […]

After canceling a potential $2.6 billion contract it had previously awarded to Northrop Grumman [NOC], the General Service Administration (GSA) on Monday evening selected General Dynamics [GD] to provide the […]

MCR LLC, a small firm specializing in services across a program’s life-cycle, said this week that it has acquired another small professional services firm, JB&A, Inc., in a deal that […]

General Dynamics [GD] yesterday said its board of directors has authorized the repurchase of an additional 10 million shares of the company’s stock. Earlier this year, GD’s board authorized the […]

General Dynamics [GD] over the weekend said it has resumed flight-testing of the Gulfstream G650 business jet following the April 2 crash of a flight-test aircraft that killed four people. […]

Lockheed Martin [LMT] late Saturday night confirmed that its information systems network had come under a cyber attack, but the company said the attack was detected quickly and that customer, […]

The heads of a Senate panel called yesterday for examining alternatives to the F-35 Joint Strike Fighter as Pentagon officials acknowledged the program’s current costs are too high. Pentagon acquisition […]

The engineering, construction and technical services firm URS Corp. [URS] this week said it has agreed to acquire federal information technology (IT) services provider Apptis Holdings, Inc., for $260 million […]

By Calvin Biesecker An unfavorable pension adjustment combined with a charge related to a border security program for the United Kingdom led Raytheon [RTN] to post a double-digit drop in […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong first quarter earnings despite weaker sales due to income from its pension assets, operating segments and from its former shipbuilding unit […]