Business/Financial
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Business/FinancialRaytheon, Saudi Aramco In Cyber Security Joint Venture
Saudi Arabia’s national oil company and Raytheon [RTN] have agreed to establish a joint venture that will provide cyber security services in the Kingdom and the region, according to Saudi […]
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Business/FinancialBoeing Boosts Dividend, Share Repurchase Authorization
Boeing [BA] on Monday said is raising its dividend payment by 20 percent and increased its share repurchase program by $2 billion. The new quarterly dividend payment will be $2.055 […]
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BudgetDoD’s Lord Wants a Rewrite of Section 5000 Acquisition Rules in 2019
The Pentagon’s top acquisition leader has an ambitious goal for 2019: to rewrite the department’s list of major procurement system rules known as Section 5000.02. The goal is to allow […]
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Business/FinancialBoeing, Embraer Agree On Joint Ventures For KC-390, Commercial Aviation
Boeing [BA] and Brazil’s Embraer [ERJ] have finalized agreements on joint ventures for the KC-390 multi-mission medium airlift aircraft and commercial aviation, with the deals expected to close by the […]
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Business/FinancialGM’s New Defense Chief Albritton, Familiar To Reporters, Sees Business As A Start Up
General Motors [GM] earlier this month appointed a new chief for the company’s fledgling defense unit, David Albritton, a long time communications and media relations professional in the Navy and […]
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Cyber
AIA Issues Baseline Cyber Security Standards For Aerospace And Defense Industry
The Aerospace Industries Association (AIA) on Thursday released a risk-based cyber security standard aimed giving companies in the aerospace and defense industry set of baseline security controls that can evolve […]
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Business/FinancialCerberus Capital To Acquire Sparton Corp.
The private equity firm Cerberus Capital Management on Wednesday said it has agreed to acquire Sparton Corp. [SPA], a provider of components for the medical and biotechnology, military and aerospace, […]
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Business/FinancialTSA Awards TechFlow Nearly $1 Billion To Support Explosive Detection Systems
The Transportation Security Administration (TSA) on Thursday said it has awarded a $968 million contract to TechFlow Inc., to provide performance based logistics to the agency’s installed base of explosive […]
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Business/FinancialFluor Scoops Nuke Storage Contract at Missile Base
Fluor Federal Services will build a nuclear weapons storage and maintenance facility at the an Frances E. Warren Air Force Base near Cheyenne, Wyoming, under a three-and-a-quarter year Army Corps […]
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Business/FinancialSAIC Posts Higher Earnings, Sales In Third Quarter
Science Applications International Corp. [SAIC] on Dec. 6 after the close of the markets reported higher sales due to work for state and local governments while earnings increased due to […]