Business/Financial
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Business/FinancialChanging Defense Spending, Globalization Top Forces Affecting Government Sector, Survey Says
Reductions and reallocations in defense spending, globalization, and mergers, acquisitions and divestitures top the list of macro forces expected to affect the government sector over the next two or three […]
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Business/FinancialAerojet Rocketdyne Completes Sale Of Some Real Estate
Aerojet Rocketdyne Holdings, Inc. [AJRD] on Monday said it has closed the sale of a portion of its land holdings in Northern California for a potential value of $57 million […]
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Business/FinancialAs DoD Stands Up Cyber Forces, Raytheon Expects Demand For Cyber Weapons
DULLES, Va.—The traditional cyber mission space for the Defense Department has been around protecting networks and industry’s role here has been helping by supplying expertise but with the ongoing standup […]
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Business/FinancialGD Doubles Share Repurchase Authority
General Dynamics [GD] on Thursday announced that its board has given management the authority to repurchase an additional 10 million shares of the company’s common stock, doubling the size of […]
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Business/FinancialFormer Exelis Chief Melcher Named New CEO Of AIA
David Melcher, who led defense civil government contractor Exelis Inc. after its spin-off from ITT Corp. [ITT] in 2011 until it was acquired by Harris Corp. [HRS] last month, has […]
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Business/FinancialRaytheon Gets New DTRA Award For Philippine Maritime Security Solution
Raytheon [RTN] on Tuesday said it has received a second increment, worth $25 million, under an existing contract from the Defense Threat Reduction Agency (DTRA) to provide the Philippine government […]
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Business/FinancialUltra Electronics To Acquire Kratos’ U.S. And U.K. Electronic Products Division Units
Kratos Defense & Security Systems [KTOS] on Monday said it has agreed to sell its United States and United Kingdom operations of its Electronic Products Division to Britain’s Ultra Electronics […]
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Business/FinancialPAE Completes Acquisition Of A-T Solutions
Global mission solutions provider PAE on Monday said it has completed its acquisition of A-T Solutions, further expanding its national security work. Terms of the deal, which was first announced […]
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Business/Financial
Aerojet Rocketdyne COO Drake Leading Company As Seymour Plans To Retire
Aerojet Rocketdyne said on Monday that President and CEO Scott Seymour plans to retire after five years leading the rocket engine company and has been succeeded immediately by Eileen Drake, […]
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Business/FinancialOrbital ATK Swings To Loss On Merger, Impairment Costs
Orbital ATK [OA] opened 2015 with a slight loss due to charges related to the merger with the former ATK and impairment costs while sales, excluding revenue from the former […]