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Market Sectors :: Business
Displaying 1 - 20 of 2046 stories.
March 5, 2010
By Geoff Fein The Navy yesterday awarded Lockheed Martin [LMT] $14.9 million and Northrop Grumman [NOC] $17.4 million contracts for the Consolidated Afloat Networks and Enterprise Services (CANES) system, a directed approach to reduce infrastructure and...http://www.defensedaily.com/sectors/business/Lockheed-Martin-Northrop-Grumman-Win-Navys-CANES-Award_9548.html March 5, 2010
By Geoff Fein The USS Freedom (LCS-1) returned to duty Wednesday after making repairs to one of two downed ship service diesel generators (SSDG) during a scheduled refueling stop in Panama, the Navy said. Sometime before March 1, Freedom lost two of its...http://www.defensedaily.com/sectors/business/Freedom-Returns-To-Service-After-Repairs-Made-To-Downed-Diesel-Generators_9551.html March 5, 2010
By Geoff Fein As the Navy and the shipbuilding industry prepare to move toward producing two Virginia-class submarines per year, all eyes are looking ahead to the next-generation ballistic missile boomer. The submarine industrial base has to keep up the...http://www.defensedaily.com/sectors/business/Sub-Program-Still-Going-Strong-Funding-For-Next-SSBN-Raises-Concerns_9552.html March 4, 2010
By Geoff Fein As the Marine Corps continues to make a case for sea basing, service officials can point to the ongoing humanitarian assistance operations in Haiti as proof that the concept works. Last week, Marine Commandant Gen. James Conway told members of...http://www.defensedaily.com/sectors/business/Marine-Corps-Navy-Demonstrate-Sea-Basing-In-Haitian-Earthquake-Response_9539.html March 3, 2010
By Ann Roosevelt FT. LAUDERDALE, Fla.--Disruptive technologies can be fielded to soldiers more quickly, a top robotics official said. Procurement of disruptive technologies can be accelerated, said Helen Greiner, CEO of CyPhy Works, a new company that focuses...http://www.defensedaily.com/sectors/business/Accelerate-Procurement-of-Disruptive-Tech-Official-Says_9528.html March 2, 2010
By Geoff Fein The General Dynamics [GD] variant of the Littoral Combat Ship (LCS) uses less fuel per hour during higher rates of speed than the Lockheed Martin [LMT] vessel, according to a Navy document. The one-page LCS Consumption Curves shows that both...http://www.defensedaily.com/sectors/business/GDs-LCS-Burns-Less-Fuel-At-Higher-Speeds-Navy-Document-Shows_9486.html March 2, 2010
By Emelie Rutherford The Pentagon "continues to explore" entering into a multi-year contract with Boeing [BA] for F/A-18 fighter jets, but was not able to make a decision by yesterday's congressional deadline, according to the deputy defense...http://www.defensedaily.com/sectors/business/Lynn-Pentagon-Hasnt-Agreed-To-FA-18-Multi-Year-Buy_9492.html March 2, 2010
CACI [CACI], Computer Sciences Corp. [CSC], G2 Software Systems Inc., Northrop Grumman [NOC] and Science Applications International Corp. [SAI] were each awarded an indefinite-delivery/indefinite-quantity (ID/IQ) award from the Navy to provide command and...http://www.defensedaily.com/sectors/business/Five-Companies-Receive-SPAWAR-C2-IDIQ-Award_9493.html March 1, 2010
By Geoff Fein Sen. Jeff Sessions (R-Ala.) last week questioned the top leadership of the Navy as to whether the evaluation criteria being used to select a winner in the Littoral Combat Ship (LCS) competition is fair and adequately addresses the importance of...http://www.defensedaily.com/sectors/business/Sessions-Presses-Navy-Over-Fairness-of-LCS-RFP-Evaluation_9474.html February 25, 2010
By Geoff Fein The Navy is working to meet a Monday deadline to inform Congress of plans to pursue a multi-year buy of Boeing [BA] F/A-18E/F Super Hornets that could help to fill some of the service's strike fighter gap, according to a lawmaker. Under section...http://www.defensedaily.com/sectors/business/Navy-Works-To-Meet-Monday-Deadline-For-New-FA-18-Multi-Year-Buy_9457.html February 24, 2010
By Geoff Fein Aluminum multi-hull ships are more energy efficient than a steel monohull ship, an Austal USA official said yesterday at a naval energy conference. "Multi-hulls by their nature are more propulsion efficient. The long slender hulls have much...http://www.defensedaily.com/sectors/business/USS-Independence-Is-The-More-Fuel-Efficient-of-Two-LCS-Variants-Austal-Official-Says_9444.html February 23, 2010
By Calvin Biesecker Deal prices for the global aerospace and defense sector in 2009 were the lowest in the past decade, with values last year down over 60 percent from 2008, PricewaterhouseCoopers LLP (PWC) says in a new report. PWC says that in 2009 the...http://www.defensedaily.com/sectors/business/Aerospace-And-Defense-2009-Merger-Values-Lowest-In-Decade-PWC-Reports_9432.html February 22, 2010
L-3 Communications [LLL] on Friday said it has agreed to acquire Insight Technology, a provider of night vision and electro-optical equipment for military, law enforcement and allied nations. Insight, which is based in New Hampshire, develops and manufactures...http://www.defensedaily.com/sectors/business/L-3-To-Acquire-Electro-Optic-Systems-Maker-Insight-Technology_9427.html February 17, 2010
SAIC [SAI] on Monday said it has acquired an on-line simulation and collaboration software product line from Forterra Systems, Inc., which provides a real-time virtual world enabling interpersonal interation through human-like avatars for collaboration...http://www.defensedaily.com/sectors/business/SAIC-Acquires-Simulation-And-Collaboration-Software-Solution-From-Forterra_9392.html February 16, 2010
By Emelie Rutherford The defense industry is making healthy investments in this fall's mid-term elections, boosting the campaign coffers of Democrats in Pennsylvania and congressional heavyweights, including the Senate majority leader, facing tough reelection...http://www.defensedaily.com/sectors/business/Defense-Sector-Bolstering-Pennsylvania-Other-Mid-Term-Congressional-Races_9350.html February 16, 2010
By Geoff Fein The Navy will deploy the USS Freedom (LCS-1) this week to the U.S. Southern Command (SOUTHCOM) area of responsibility (AOR) to conduct counter narcotics and theater security cooperation operations. Freedom is the first of the Navy's new Littoral...http://www.defensedaily.com/sectors/business/Freedom-To-Set-Sail-For-SOUTHCOM-This-Week_9353.html February 12, 2010
By Geoff Fein The Army is taking the unusual step of pushing development of flexible displays for everything from soldier worn devices to vehicles, hoping to speed up commercialization of the technology. A number of years ago the Army recognized that flexible...http://www.defensedaily.com/sectors/business/Army-Hopes-Investment-In-Flexible-Displays-Speeds-Up-Commercialization_9348.html February 11, 2010
By Calvin Biesecker Burdened by debt and unhappy with how the investment community is valuing the company, L-1 Identity Solutions [ID] is expects to hire a financial adviser or advisers in the next week or two to help it explore its strategic alternatives...http://www.defensedaily.com/sectors/business/L-1-Close-To-Hiring-Advisory-Firm-To-Explore-Strategic-Alternatives_9336.html February 11, 2010
By Geoff Fein Lockheed Martin [LMT] and IronKey have partnered to develop a secure USB drive with military-grade encryption that is being dubbed a "PC on a stick." "We took advantage of this platform and its security offerings from a hardware...http://www.defensedaily.com/sectors/business/Lockheed-Martin-IronKey-Develop-An-Ironclad-Solution-To-USB-Security_9339.html February 10, 2010
By Geoff Fein The next award phase for the Navy's future jammer will be a technology development phase that will include a competitive prototype, according to a service official Almost every program now is moving toward competitive prototyping, Capt John...http://www.defensedaily.com/sectors/business/Navy-Seeks-Best-of-Breed-In-Next-Gen-Jammer-Tech-Maturity-Phase_9328.html
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