Market Sectors :: Business
May 12, 2008
Northrop Grumman [NOC] said last week it is expanding its presence in the Middle East region with the opening of a new office in Riyadh, Saudi Arabia. "Saudi Arabia represents one of Northrop Grumman's largest potential growth markets for defense...
http://www.defensedaily.com/sectors/business/2619.html
May 12, 2008
By Calvin Biesecker The Canadian government on Friday rejected Alliant Techsystems' [ATK] proposed acquisition of MacDonald, Dettwiler and Associates' (MDA) space business saying the deal demonstrated no net benefit to Canada. "I have confirmed my...
http://www.defensedaily.com/sectors/business/2620.html
May 12, 2008
Boeing [BA] May 8 dedicated its new $10 million test and evaluation facility called the Dynamic Advanced Radar Test (DART) in Huntington Beach, Calif., that provides the technology and capability to support both current and future radar-based weapon systems...
http://www.defensedaily.com/sectors/business/2621.html
May 12, 2008
Authorization Bill Written By House Panel Cuts $719 Million From Missile Defense, Including European BMD, ABL, KEI, MKV Aegis, THAAD, Others, Would Gain Funds A battle will erupt Wednesday in the House Armed Services Committee (HASC), where proponents of...
http://www.defensedaily.com/sectors/business/2625.html
May 12, 2008
The American Institute of Aeronautics and Astronautics (AIAA) today alleged that U.S. rules restricting exports of American military technology are harming the U.S. aerospace industrial base, especially in satellite component sales. Further, the AIAA said the...
http://www.defensedaily.com/sectors/business/2628.html
May 12, 2008
Provisions in a House Armed Services Committee (HASC) strategic forces subcommittee defense authorization bill likely would provide ammunition for any legislators who might wish to cut funding for some ballistic missile defense (BMD) programs. Programs...
http://www.defensedaily.com/sectors/business/2630.html
May 12, 2008
NASA gave Hensel Phelps a contract worth up to $263.8 million to build at least one, and perhaps two, 390-foot-tall mobile launchers that will transport the Ares I rocket to the launch pad and provide ground support for launches at Kennedy Space Center (KSC)...
http://www.defensedaily.com/sectors/business/2632.html
May 12, 2008
The Boeing Co. [BA] seeks workers in the Houston area with NASA mission operations experience. Those mission operations specialists would aid Boeing in its bid for a facilities development and operations contract (FDOC). Current mission support operations...
http://www.defensedaily.com/sectors/business/2638.html
May 9, 2008
The United Kingdom Ministry of Defence (MoD) has selected General Dynamics [GD] U.K. subsidiary as the provisionally preferred bidder for the Utility Vehicle Design (UVD) for the Future Rapid Effect System (FRES), the company reported. Subject to satisfactory...
http://www.defensedaily.com/sectors/business/2610.html
May 9, 2008
By Calvin Biesecker Alliant Techsystems [ATK] yesterday reported a strong end to its fiscal year 2008 led by growth in its civil ammunition, NASA, advanced weapons and composite structures businesses and lower corporate and pension expenses. The lower pension...
http://www.defensedaily.com/sectors/business/2613.html
May 9, 2008
DRS Technologies [DRS] yesterday said it is in discussions regarding a "potential strategic transaction" for the company following a report in the Wall Street Journal that Italian aerospace and defense firm Finmeccanica was pursuing an acquisition...
http://www.defensedaily.com/sectors/business/2614.html
May 8, 2008
The Coast Guard today will take delivery of the first National Security Cutter, the CGC Bertholf (WMSL-750), weeks following the ship's successful completion of acceptance trials. The Bertholf will be turned over to the Coast Guard and be placed...
http://www.defensedaily.com/sectors/business/2592.html
May 8, 2008
By Calvin Biesecker New legislation introduced yesterday by the chairman of the House Homeland Security Committee would require the Department of Homeland Security (DHS) to form a working group with industry stakeholders to help find the best way for airports...
http://www.defensedaily.com/sectors/business/2594.html
May 8, 2008
SRA International [SRX] on Tuesday reported higher third quarter earnings and sales driven primarily from acquisitions and the company reduced its revenue guidance for the year. Net income increased 20 percent to $18 million, 30 cents earnings per share (EPS)...
http://www.defensedaily.com/sectors/business/2595.html
May 8, 2008
General Dynamics [GD] yesterday announced that Jay Johnson, a former chief of naval operations and currently the head of Dominion Virginia Power, will succeed Nicholas Chabraja as CEO of GD beginning July 1, 2009. Johnson, 61, who has been a member of GD's...
http://www.defensedaily.com/sectors/business/2596.html
May 7, 2008
By Geoff Fein The Navy is in the process of preparing to release a request for proposal (RFP) in June for Increment II of its presidential helicopter, as the service looks to put the troubled program back on track The RFP is required because of the changes...
http://www.defensedaily.com/sectors/business/2589.html
May 6, 2008
Australia is looking to spend $450 million for Aegis Combat System components as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. Australia is seeking the sale of the Aegis Combat System and select combat...
http://www.defensedaily.com/sectors/business/2579.html
May 6, 2008
IBM [IBM] has joined the Lockheed Martin [LMT] team that earlier this year won the FBI's $1 billion program to develop and implement the multi-modal biometric Next Generation Identification (NGI) system, the companies announced on Friday. With the teaming...
http://www.defensedaily.com/sectors/business/2580.html
May 6, 2008
By Calvin Biesecker Raytheon [RTN] is doing about $1 billion in annual sales in its security business and can do even better by honing its focus across the company and seeking broader market growth, the company's new executive responsible for growing its...
http://www.defensedaily.com/sectors/business/2581.html
May 6, 2008
By Geoff Fein Lockheed Martin [LMT] yesterday filed a protest of the Navy's award of a $1.16 billion contract to Northrop Grumman [NOC] for the Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS). The service awarded Northrop Grumman the...
http://www.defensedaily.com/sectors/business/2583.html

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