Business/Financial
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InternationalState Department Approves AMRAAM Sale To Canada
The State Department has approved a potential $140 million sale to Canada of AIM-120D Advanced Medium Range Air-to-Air Missiles (AMRAAMs) for deployment on Royal Canadian Air Force F/A-18 fighter aircraft. […]
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Business/FinancialBoeing Ventures Arm Invests In Small Advanced Materials Firm
Boeing [BA] on Wednesday said its HorizonX ventures arm has taken a minority ownership stake in a small company that develops and produces advanced metal-matrix composites for the aerospace, defense, […]
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Business/FinancialMDA Awards Raytheon $1.5 Billion To Support AN/TPY-2 and SBX Radars
The Missile Defense Agency awarded Raytheon [RTN] a $1.5 billion indefinite delivery/indefinite quantity follow-on contract to support the Army Navy Transportable Radar Surveillance Model 2 (AN/TPY-2) and Sea-Based X-Band (SBX) […]
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Business/FinancialThe Armored Group Acquires German Vehicle Armoring Companies
The Armored Group (TAG) two German-based vehicle armoring companies in a deal it says complements its current capabilities, expand its production footprint internationally and its market share in Europe. Terms […]
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Business/FinancialMDA Awards $10 Million Contract Mod To MTSI For Improved Missile Defense Modeling Tools
The Missile Defense Agency (MDA) awarded Modern Technology Solutions Inc. (MTSI) a $10 million modification last Monday to increase a contract ceiling under an effort to develop models of new […]
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Business/FinancialDespite Email Glitch, GAO Denies ManTech Protest For Air Force Proposal
The Government Accountability Office (GAO) has denied ManTech International Corp.’s [MANT] protest for a potential $98 million Air Force contract after an email glitch caused its proposal to miss the […]
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Business/FinancialL3’s Earnings Dive On Charge Related To Contract Loss; Will Divest Vertex Business
As expected, L3 Technologies [LLL] on Thursday posted lower net income in the third quarter stemming from a charge at one of its operating units that lost a recompete of […]
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Business/FinancialRaytheon Posts Solid Third Quarter Results On Missile, Radar Programs
Led by strong results in its businesses that produce missile and sensor systems, Raytheon [RTN] on Wednesday reported solid third quarter financial results with earnings and sales both higher. Net […]
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Business/FinancialNorthrop Grumman Won’t Bid On MQ-25; Company Posts Strong Financial Results
A few weeks after the Navy released the bid requests for an unmanned aerial refueling tanker, Northrop Grumman [NOC] on Wednesday said it won’t bid for the MQ-25 Stingray program, […]
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Business/FinancialTaxes Hit Boeing’s Earnings In Third Quarter; New Tanker Charge Disclosed
Higher tax and pension expenses hit Boeing’s [BA] bottom line in the third quarter and the company said it took another over $300 million in unexpected charges related to its […]