Business/Financial
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Business/FinancialCSC Set To Spin Off Federal Services Business This Month
CSC [CSC] said on Wednesday that its board approved the spin-off of its federal systems business this month, adding that the new business will be called CSRA Inc. CSC will […]
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Business/FinancialDRS Sells Two Business Units To IAP Worldwide Services
IAP Worldwide Services said on Thursday that it has acquired two business units from DRS Technologies related to aircraft repair, and information technology (IT) and communications support, expanding its work […]
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Business/FinancialIngalls Division Drives Strong Third Quarter Results At Hungtington Ingalls
Huntington Ingalls Industries [HII] on Thursday posted strong third quarter financial results on the back of its Ingalls Shipbuilding division, which benefited from higher sales of Navy destroyers and improved […]
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Business/FinancialLockheed Martin Acquisition Of Sikorsky To Close Friday
Lockheed Martin [LMT] on Tuesday said China has favorably completed is regulatory review of the company’s pending acquisition of Sikorsky Aircraft from United Technologies Corp. [UTX], paving the way for […]
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Business/FinancialBooz Allen Acquires Software Services Unit Of SPARC
Booz Allen Hamilton [BAH] on Monday said it has acquired the software services unit of SPARC to strengthen and complement its growing capabilities in Agile software development. Terms of the […]
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Business/FinancialFinancial Services Roundtable Cyber Hires
The Financial Services Roundtable (FSR) hired NSA executive Murray Kenyon and former National Governors Association (NGA) official Heather Hogsett to join FSR BITS, the technology policy division, the organization said […]
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Business/FinancialL-3 Tumbles To Loss On Charges; Looking To Divest More Businesses
L-3 Communications [LLL] on Thursday reported a hefty loss in its third quarter due mainly to a charge related to a reduction in the estimated value of a business segment […]
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Business/FinancialHuntington Ingalls Boosts Dividend, Share Repurchase Program
Confident in its strong cash generation, shipbuilder Huntington Ingalls Industries [HII] on Thursday said it is increasing its quarterly cash dividend by 25 percent and doubling the size of its […]
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Business/FinancialFormer Presidential Cyber Adviser Named Synopsys Security Adviser
Howard Schmidt, a former cyber adviser to Presidents Barack Obama and George W. Bush, was named as security adviser for Synopsys, Inc. [SNPS], the company said Wednesday. As security adviser, […]
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Business/FinancialLeidos Reports Higher Earnings, Sales In Third Quarter
Leidos [LDOS] on Thursday posted strong earnings in its third quarter driven by sales of higher margin security detection products and improved program performance in its national security business while […]