Business/Financial

Italy’s Fincantieri and France’s Naval Group said this week they will launch an alliance to incorporate a 50-50 joint venture to compete for European naval competitions. The two companies are […]

A bipartisan House bill announced Oct. 23 aims to prohibit military sales and aid to Saudi Arabia, effectively immediately. Rep. James McGovern (D-Mass.) is sponsoring a new bill co-signed by […]

General Dynamics [GD] on Wednesday posted increased sales and earnings in its third quarter due to its recent acquisition of CSRA Inc. and higher revenue and income at its operating […]

Boeing [BA] Chief Dennis Muilenburg on Wednesday said his company’s bids and ultimate wins in the third quarter on two marquis dollar U.S. defense programs were clearly aimed at capturing […]

Higher operating profits combined with lower taxes and pension expenses lifted Lockheed Martin [LMT] to a strong third quarter and the company once again increased its outlook for earnings this […]

Applied Insight, which provides information technology (IT) services to federal government customers, on Monday, said it has acquired Organizational Strategies Inc. in a deal aimed at furthering its strategy of […]

Britain’s QinetiQ last Thursday said it has completed its $90.8 million acquisition of Germany’s E.I.S. Aircraft Operations, a provider of airborne training services. QinetiQ, which first announced the deal in […]

The president and lawmakers are sending signals to the Defense Department not to expect any major increase in next year’s budget, and that some form of cut could even be […]

After five years of stagnation and program delays in key regions of the world, the global military and civil helicopter market is poised for a rebound, according to a recent […]

Drones can be used for covert surveillance, attacks, refueling, patrolling, inspection, and any number of other tasks that benefit from a portable aircraft with an operator kept out of harm’s […]