Business/Financial
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PentagonDefense Innovation Unit No Longer an ‘Experiment’
The Pentagon has dropped the “experimental” portion of its Defense Innovation Unit-Experimental, indicating that the technology hub is here to stay. “As a testament to [the department’s] commitment to the […]
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Business/FinancialAlion Submits Final Proposal For Canadian Navy Ship
Alion Science and Technology on Thursday said its Canadian subsidiary submitted its final bid to the Canadian government for that country’s new warship program, which is worth between $42 billion […]
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Business/FinancialGD Names Marzilli Executive VP For IT and Mission Systems Segments
General Dynamics [GD] on Tuesday said it has elected Christopher Marzilli to be the executive vice president of its Information Technology and Mission Systems segments effective Jan. 1, 2019, succeeding […]
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Business/FinancialBWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes
Botched welding jobs on 12 missile tubes for the Navy’s next-generation ballistic-missile submarine should not materially affect tube-vendor BWX Technologies’ [BWXT] bottom line this year, the company’s chief executive said […]
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Business/FinancialAlion To Acquire MacAulay Brown To Strengthen Position In Key Tech Areas
Alion Science and Technology has agreed to acquire the engineering and technical services company MacAulay-Brown, Inc., in a deal it said will bolster its technology and engineering capabilities, increase its […]
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Business/FinancialBoeing HorizonX Invests In Additive Manufacturing Company Digital Alloys
Boeing [BA] on Tuesday said its venture unit has made an investment in startup company Digital Alloys, Inc., which is developing additive manufacturing technology to be able to print metal […]
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Business/FinancialHoneywell To Deliver Control System For Lockheed’s Extended Range GMLRS
Lockheed Martin [LMT] said Monday it selected Honeywell [HON] to supply control actuation system for its Guided Multiple Launch Rocket System – Extended Range program through 2020. Honeywell received the […]
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Business/Financial
Leonardo DRS Expects To Grow Above The Market, Lynn Says
Leonardo DRS is enjoying strong growth and expects to remain above the market average, according to the company’s chief. “This will be our fourth year of what I call above […]
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Business/FinancialLower Taxes, Pension Gain Push Earnings Higher At Huntington Ingalls
Lower taxes, the gift that just keeps giving this year for corporations, combined with a pension benefit, propelled Huntington Ingalls Industries [HII] to a hefty increase in earnings despite a […]
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Business/FinancialL3 Establishes Business Segment To Focus On ISR, Bolster Growth And Boost Margins
As part of L3 Technologies’ [LLL] major transformation plans this year, the company on Thursday said it has consolidated its Aerospace Systems and Sensors Systems business segment into one focused […]
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