Business/Financial
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Business/FinancialComtech To Acquire Wireless Communications Technology Company TCS
Comtech Telecommunications Corp. [CMTL] on Monday said it has agreed to acquire Telecommunication Systems, Inc. [TSYS] in a deal to expand its domestic and international offerings of C4ISR and next-generation […]
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Business/FinancialU.K. Announces $18 Billion Increase Defense Spending Through 2020
The United Kingdom on Monday announced plans to spend nearly $270 billion on military modernization and procurement over the next five years, including expansion of its navy and air force […]
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Business/FinancialTransDigm Group To Acquire Aircraft Lift Device Manufacturer Breeze-Eastern
TransDigm Group [TDG] on Thursday said has agreed to acquire aircraft lift device manufacturer Breeze-Eastern Corp. for $206 million, giving it proprietary products with aftermarket content. TransDigm expect to begin […]
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Business/FinancialRaytheon Boosts Stock Repurchase Authority By $2 Billion
With its cash flow generation strong, Raytheon [RTN] on Wednesday said it has authorized the repurchase of up to an additional $2 billion of the company’s stock. In July the […]
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Business/FinancialFuture Force Initiative Seeks Civilian Tech Talent To Tackle DoD Shortfalls
Secretary of Defense Ashton Carter on Wednesday laid out a number of initiatives designed to make the Defense Department more competitive with private sector in recruiting and retaining young, technologically […]
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Business/FinancialKraken Sonar Acquires Marine Robotics
Kraken Sonar Inc. this week said it has acquired Marine Robotics Inc., strengthening its technology and intellectual property portfolio. Terms of the deal were not disclosed. The asset acquisition includes […]
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Business/FinancialLockheed Martin Unveils DART Radar Technology
Lockheed Martin [LMT] publicly announced its newest radar technology on Tuesday, the Digital Array Row Transceiver (CART), based on Gallium Nitride (GaN) technology. The DART is a combined transmit and […]
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Business/FinancialDHS Achieves Clean Financial Opinion But IG Cites Deficient Internal Controls
For the third straight year the Department of Homeland Security (DHS) has achieved a clean financial audit but an independent auditor also identified a number of deficiencies in internal control, […]
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Business/FinancialAs Defense Firms Consolidate, Pentagon Looks To Co-opt Commercial Tech
The U.S. and international defense industries are undergoing a period of rapid and large-scale consolidation that could result in a handful of traditional contractors that build major weapon systems but […]
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Business/FinancialMicrosoft Acquires Israeli Data Security Company
Microsoft [MSFT] signed an agreement to acquire Secure Islands, an Israeli data security firm, the company said Monday. Secure Islands offers data classification, protection, and loss prevention technologies for almost […]