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Market Sectors :: Business
Displaying 1 - 20 of 2733 stories.
February 6, 2012
The Defence Infrastructure Organization (DIO) Friday revealed the four bidders for a potential $1.5 billion new national contract to manage the United Kingdom training property. The companies are: Babcock Support Services Ltd., Kellogg Brown & Root Ltd...http://www.defensedaily.com/sectors/business/U-K-Shortlists-Four-Companies-For-Training-Management_16654.html February 6, 2012
The Transportation Security Administration (TSA) last week awarded separate contracts to L-3 Communications [LLL] and SAIC [SAI] to provide the agency with checked baggage explosive detection systems (EDS) that require less space to operate. L-3’s award...http://www.defensedaily.com/sectors/business/L-3-SAIC-Nab-TSA-Awards-For-Reduced-Size-Explosive-Detection-Systems_16664.html February 3, 2012
A $25 million after tax charge associated with ATK’s [ATK] Thiokol business and lower margins on commercial ammunition led the company yesterday to post lower third quarter earnings while sales dipped a bit. Meanwhile, the diversified aerospace and...http://www.defensedaily.com/sectors/business/ATKs-Income-Tumbles-On-Charge-Restructuring-Planned-Amid-Budget-Pressures_16642.html February 3, 2012
CACI International [CACI] on Wednesday reported double-digit increases in income and sales in its second quarter, continuing where it left off after the first quarter. Net income rose 24 percent to a record $41.1 million, $1.51 earnings per share (EPS), from...http://www.defensedaily.com/sectors/business/CACI-Posts-Record-Earnings-On-Record-Sales_16644.html February 2, 2012
General Dynamics [GD] Ordnance and Tactical Systems and BAE Systems yesterday said they have teamed to develop, demonstrate and produce the 81mm Roll Controlled Guided Mortar (RCGM), an affordable 81mm precision mortar round. The companies have been maturing...http://www.defensedaily.com/sectors/business/General-Dynamics-BAE-Systems-Team-to-Develop-Roll-Controlled-Guided-Mortar_16622.html February 2, 2012
Better operating results, pension tailwind and the lack of a hefty charge that hurt earnings a year ago led Northrop Grumman [NOC] to post strong net income in the fourth quarter despite lower sales. The higher net income, up 46 percent to $548...http://www.defensedaily.com/sectors/business/Northrop-Grumman-Boosts-Profits-In-Fourth-Quarter-Amid-Sales-Decline_16624.html February 1, 2012
Republican senators fighting potential defense-spending reductions triggered by failed budget negotiations are finalizing legislation that may try to offset initial Pentagon cuts with savings from attrition in the federal workforce. The emerging plan...http://www.defensedaily.com/sectors/business/Senate-Anti-Sequestration-Plan-Could-Seek-Fed-Workforce-Savings_16614.html January 31, 2012
Boeing [BA] yesterday said it has selected three Canadian firms to receive the first group of work packages for in-service support of 15 Boeing CH-47F Chinook helicopters, designated CH-147F for the Canadian Forces. The suppliers are: L-3 Communications [LLL]...http://www.defensedaily.com/sectors/business/Boeing-Taps-Three-Canadian-Firms-To-Support-New-Canadian-Chinook-Helicopters_16587.html January 31, 2012
Northrop Grumman [NOC] yesterday said it received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) in Afghanistan and Iraq. The contract includes options that, if fully...http://www.defensedaily.com/sectors/business/Northop-Grumman-To-Continue-Sustaining-C-RAM-Systems_16588.html January 31, 2012
Sweden and Hungary yesterday signed a new contract to continue operating Gripen fighter aircraft another 10 years, until 2026. Saab, a Swedish defense and security company, said Hungary made the long-term strategic decision to continue operating Gripen and...http://www.defensedaily.com/sectors/business/Sweden-Extends-Gripen-Cooperation-With-Hungary-Another-Decade_16589.html January 31, 2012
Lockheed Martin [LMT] yesterday said it received contracts totaling $921 million for hardware and services associated with the combat-proven Patriot Advanced Capability-3 (PAC-3) Missile Segment program. The contract, issued by U.S. Army Aviation and...http://www.defensedaily.com/sectors/business/Lockheed-Martin-Receives-$921-Million-in-Patriot-PAC-3-Work_16590.html January 31, 2012
Two Sandia National Laboratories engineers have invented and patented a self-guided bullet that could help warfighters, and now want a private company partner to complete prototype testing and bring a guided bullet to market. “We have a very promising...http://www.defensedaily.com/sectors/business/Sandia-National-Lab-Patents-Self-Guided-Bullet-Seeks-Company-Partner_16591.html January 31, 2012
Finmeccanica’s Alenia North America Inc., yesterday said it appointed Alan Calegari as its Chief Executive Officer. “Alenia North America will continue to grow under the direction of Alan in the CEO position,” said Giuseppe Giordo...http://www.defensedaily.com/sectors/business/Alenia-North-America-Appoints-Alan-Caligari-CEO_16592.html January 31, 2012
The Pentagon is “quite serious” about applying so-called reversibility to budget decisions that impact the defense industry, a senior official said yesterday. Undersecretary of Defense for Policy Michele Flournoy said reversibility, the noting of...http://www.defensedaily.com/sectors/business/Reversibility-In-Budget-Said-To-Impact-Industry-Multiple-Ways_16597.html January 27, 2012
Raytheon [RTN] yesterday posted strong earnings results in its fourth quarter despite a drop in sales but the company, similar to its big name competitors, offered relatively flat sales and lower earnings guidance for 2012. Net income was up sharply, 18...http://www.defensedaily.com/sectors/business/Profits-Up-Sales-Down-For-Raytheon-In-Fourth-Quarter-2012-Guidance-Down_16552.html January 27, 2012
Former Deputy Defense Secretary William Lynn has been appointed the chairman and CEO of DRS Technologies, a United States-based operating division of Italy’s Finmeccanica, effective immediately. Finmeccanica said that Lynn’s appointment is part of...http://www.defensedaily.com/sectors/business/Lynn-Taking-Over-At-Finmeccanicas-DRS-Subsidiary_16553.html January 27, 2012
The Army yesterday issued the long-awaited request for proposals (RFP) for the Engineering and Manufacturing Development (EMD) phase of the Joint Light Tactical Vehicle (JLTV) program, as the Defense Department released its budget priorities and choices...http://www.defensedaily.com/sectors/business/Army-Issues-JLTV-EMD-RFP-DoD-Supports-Program-In-Coming-Budget_16554.html January 27, 2012
Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 with earnings either down or flat compared to 2011. Net income...http://www.defensedaily.com/sectors/business/Lockheed-Martin-Posts-Lower-Sales-Earnings-In-Fourth-Quarter_16557.html January 27, 2012
Pentagon leaders proposed multiple weapons-program changes yesterday--including cutting F-35 Joint Strike Fighter procurement, cancelling block 30 Global Hawk drones, and delaying the new ballistic-missile submarine--in the opening salvo of a battle with...http://www.defensedaily.com/sectors/business/Pentagon-Unveils-Budget-Cuts-In-Opening-Salvo-With-GOP_16561.html January 26, 2012
A soaring commercial aircraft business coupled with a modest assist from its defense business gave Boeing [BA] a strong finish to its 2011 fiscal year, although earnings guidance for 2012 is well below analysts’ projections. The world’s largest...http://www.defensedaily.com/sectors/business/Boeing-Closes-2011-On-Strong-Note-But-2012-Earnings-Guidance-Below-Expectations_16536.html
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