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Market Sectors :: Business
Displaying 1 - 20 of 2238 stories.
September 9, 2010
By Emelie Rutherford A senior Pentagon advisor yesterday described the Pentagon’s healthcare, retirement, and personnel systems as ticking time bombs that must be overhauled to avoid a budget catastrophe. Retired Marine Corps Maj. Gen. Arnold Punaro...http://www.defensedaily.com/sectors/business/Punaro-Targets-Military-Benefits_11236.html September 8, 2010
By Geoff Fein The Navy's Consolidated Afloat Network Enterprise System (CANES) is not only taking a number of existing legacy efforts, funneling them down into a single program, but whichever design is finally chosen will be owned outright by the service...http://www.defensedaily.com/sectors/business/Navy-Will-Own-Outright-Effort-To-Create-a-Single-Afloat-Network-From-Five_11231.html September 7, 2010
By Geoff Fein Navy officials looked at a number of key factors before sending USS Freedom (LCS-1) off on her first mission, including ship materiel condition, sustainment, and crew training and certification, according to the Navy. "The decision to...http://www.defensedaily.com/sectors/business/Early-Deployment-of-USS-Freedom-Provided-Valuable-Lessons-For-Navy_11221.html September 3, 2010
By Calvin Biesecker With new and tougher explosives detection standards forthcoming in the United States and eventually in Europe, Reveal Imaging Technologies is currently well positioned to meet these given that it has already met stringent standards for...http://www.defensedaily.com/sectors/business/SAIC-Says-Reveal-Positioned-for-Growth_11214.html September 3, 2010
By Calvin Biesecker SAIC [SAI] this week posted higher net income in its second quarter driven by revenues from a royalty payment related to patent litigation and a favorable litigation settlement related to a former business unit as sales were up slightly...http://www.defensedaily.com/sectors/business/One-Time-Gains-Boost-SAICs-Second-Quarter-Earnings-As-Sales-Edge-Up_11215.html September 2, 2010
By Geoff Fein Bids for the Navy's Integrated Topside (InTop) task order 3 competition, exploring how to combine apertures and antennas on surface ships, were turned in last week, and companies are hoping for a contract award by the end of the year. Among...http://www.defensedaily.com/sectors/business/ONR-Gets-InTop-Task-Order-3-Bids_11200.html September 1, 2010
By Geoff Fein Addressing the technical challenges associated with the Navy's Littoral Combat Ships (LCS) has led the service to implement design changes during the construction phase of LCS- 3 and -4 that could hinder shipbuilders from applying lessons...http://www.defensedaily.com/sectors/business/Overcoming-Issues-With-LCS-Could-Hinder-Ability-To-Apply-Lessons-Learned_11194.html September 1, 2010
By Geoff Fein The Raytheon [RTN] and Boeing [BA] effort to develop the Joint Air-to-Ground Missile (JAGM) for the Army and Navy had a successful second test flight of its weapon. The second test held earlier in August demonstrated the missile's...http://www.defensedaily.com/sectors/business/Raytheon-Boeing-JAGM-Team-Two-For-Two-In-Government-Test-Shots_11196.html September 1, 2010
Britain's Chemring Group is expected to close its acquisition of The Allied Defense Group [ADG] today after ADG's stockholders yesterday voted to authorize the sale of their company. Chemring in January announced that it had agreed to acquire ADG for $59...http://www.defensedaily.com/sectors/business/ADG-Shareholders-Clear-Way-For-Chemring-Purchase_11197.html August 31, 2010
By Geoff Fein As the Navy begins to look at buying technologies to protect its networks, in particular those aboard ships, officials face a number of challenges ranging from the pace of acquisition to ensuring interoperability and compatibility. In July, the...http://www.defensedaily.com/sectors/business/New-Navy-Organization-Taking-On-Cyber-Defense-Acquisition_11160.html August 31, 2010
By Calvin Biesecker 3M Corp. [MMM] yesterday said it has agreed to acquire Cogent Systems [COGT], a provider of biometric software matching systems and hardware, for $430 million, complementing its current capabilities in credential issuance and document...http://www.defensedaily.com/sectors/business/3M-To-Acquire-Biometric-Solutions-Provider-Cogent-Systems_11161.html August 30, 2010
AECOM Technology Corp. [ACM] on Friday said it has completed its $355 million acquisition of McNeil Technologies, expanding its presence in the national security arena serving the federal government. "McNeil Technologies expands AECOM's U.S...http://www.defensedaily.com/sectors/business/AECOM-Acquires-Security-And-Intelligence-Services-Firm-McNeil-Technologies_11142.html August 26, 2010
By Geoff Fein Since bringing together all of its shipyards under one roof, Northrop Grumman [NOC] Shipbuilding has pulled together its supplier base under a single vice president to further drive savings and efficiencies at its facilities. What the company is...http://www.defensedaily.com/sectors/business/NGSB-Looks-To-Achieve-Efficiencies-Through-Consolidation-of-Supplier-Base_11125.html August 25, 2010
By Geoff Fein Northrop Grumman [NOC] is taking an unusual approach to its Consolidated Afloat Network Enterprise System (CANES) effort by offering up all of its data rights to the Navy, according to a company official. "We are giving them unlimited data...http://www.defensedaily.com/sectors/business/Northrop-Grumman-Providing-Unlimited-Data-Rights-In-CANES-Effort_11117.html August 25, 2010
By Geoff Fein For the first time the Navy has acknowledged that it will likely not meet its goal of awarding a contract for 10 Littoral Combat Ships (LCS) this summer as the service continues to seek additional information from both competing teams...http://www.defensedaily.com/sectors/business/Navy-Wont-Make-LCS-Award-Before-Fall-Awaits-Further-Industry-Responses_11120.html August 24, 2010
ManTech International [MANT] yesterday said its operating group presidents will now take on the added responsibility of chief operating officer (COO) for their organizations. "We believe that this new management structure will contribute to our ability...http://www.defensedaily.com/sectors/business/ManTech-Gives-Its-Group-Presidents-Additional-Responsibilities_11102.html August 24, 2010
By Geoff Fein The two teams competing for the Navy's Consolidated Afloat Networks and Enterprise Services (CANES) contract are both taking different approaches to how they look to reduce infrastructure and increase capability across surface ship networks...http://www.defensedaily.com/sectors/business/Experience-Helping-Drive-Lockheed-Martins-CANES-Effort_11104.html August 24, 2010
Applied Energetics, Inc. [AERG] and L-3 Communications [LLL] Interstate Electronics Corp. (IEC) yesterday said they have entered a strategic teaming agreement to pursue Defense Department contracts related to counter-improvised explosive device (IED) systems...http://www.defensedaily.com/sectors/business/Applied-Energetics-L-3-Unit-Team-To-Pursue-DoD-Counter-IED-Work_11105.html August 19, 2010
By Calvin Biesecker CACI International [CAI] on Monday reported strong fourth quarter financial results driven by growth in its core businesses, particularly intelligence services, program performance and lower interest expenses and taxes. The strong quarter...http://www.defensedaily.com/sectors/business/CACI-Posts-Strong-Fourth-Quarter-Fiscal-Year-Results_11083.html August 18, 2010
Canada's CGI Group [GIB] yesterday said it has completed its $1.1 billion purchase of Stanley, Inc., significantly boosting its presence in the United States federal contracting market. CGI first announced the deal in May...http://www.defensedaily.com/sectors/business/CGI-Closes-Acquisition-of-Stanley_11072.html
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