Business/Financial
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Business/FinancialAerospace And Defense Industry’s Economic Output Shows Solid Growth In 2018, AIA Says
The U.S. aerospace and defense industry showed solid growth in 2018, contributing $929 billion in economic output, up 7 percent from $865 billion in 2017, supporting gains in job growth […]
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Business/FinancialSAIC’s First Quarter Sales, Earnings Up On Engility Deal, Improved Performance
Science Applications International Corp. [SAIC] on Thursday posted higher sales and net income with the results driven by the company’s acquisition of Engility in January and improved performance across its […]
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CongressLawmakers Take Bipartisan Aim at Newly Approved Arms Sales to Middle East
Seven senators plan to introduce over 20 separate resolutions to disapprove of President Trump’s recent approval of arms sales to two Middle Eastern countries, which subverted the congressional review process […]
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Business/FinancialBAE Adds To Autonomous Capabilities With Acquisition Of Company Focused On UUVs
BAE Systems, Inc. on Monday said it has acquired a small company that specializes in small unmanned underwater vehicles (UUVs), boosting its capabilities in autonomous systems. Terms of the asset […]
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Homeland SecurityDHS Awards ECS Federal $276 Million For Cyber Security Dashboard Ecosystem
The Department of Homeland Security and the General Services Administration on May 24 awarded ECS Federal, LLC, a potential $276.1 million task order to provide a solution that integrates federal […]
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Homeland SecurityL3 Opens Interactive Center To Showcase, Test Passenger Screening Systems And Concepts
L3 Technologies [LLL] this week opened a new center in the Washington, D.C., area filled with its aviation security checkpoint technologies to demonstrate, showcase and test current and future capabilities […]
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Business/FinancialAEA Investors Acquires Defense Electronics Company From J.F. Lehman
The private equity firm AEA Investors earlier this month acquired the defense electronics company API Technologies Corp. from the investment firm J.F. Lehman & Company, which acquired the company in […]
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Business/FinancialSerco To Acquire Alion’s Naval Systems Business For $225 Million
Serco, Inc. on Thursday said it has agreed to acquire the Naval support business of Alion Science and Technology for $225 million, a deal that will significantly add to its […]
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InternationalLockheed, Rafael Partner to Offer SPICE Guidance Kit to U.S. Buyers
Lockheed Martin [LMT] and Israel’s Rafael Advanced Defense Systems signed a teaming agreement Thursday to jointly develop, market, manufacture and support Rafael’s Smart, Precise Impact and Cost-Effective (SPICE) guidance kits […]
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Homeland SecurityCommerce Department Will Create Interim, Final Regulations For ICT Import Ban
The Commerce Department is charged with developing regulations for implementing President Trump’s new executive order aimed at banning U.S. imports of information and communications technology (ICT) from companies that are […]