Business/Financial
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Business/FinancialGenCorp Launches Competitiveness Initiative, Announces Name Change
GenCorp Inc. [GY] on Monday said its Aerojet Rocketdyne business has launched a competitive improvement program aimed at cutting costs and boosting operational efficiencies, which it expects will result in […]
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Business/FinancialObama Launches New Cyber/IT Training Program
President Obama launched an initiative called TechHire, which will, in part, fund cyber and IT training pilot programs, he said on Monday. “We’re launching a $100 million competition for innovative […]
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Business/FinancialGermany Awards Airbus IED Jammer Contract
Airbus Defence and Space won a contract from the German procurement authority, BAAINBw, to equip German Armed Forces vehicles with 36 improvised explosive devices (IED) jammers, the company said on […]
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Business/FinancialAlcoa Acquiring RTI International Metals, Expanding Aerospace Business
High performance metals producer Alcoa [AA] on Monday said it has agreed to acquire RTI International Metals [RTI] in a $1.5 billion deal that will expand its titanium and value-added […]
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Business/FinancialRaytheon Expanding Indianapolis Facility, Adding 250 Jobs
Raytheon [RTN] will expand its Indianapolis, Ind., facility and add 250 jobs to support depot and modernization services, the company said on Monday. The facility currently develops soldier-worn computers, provides […]
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Air ForceBAE Wins $37 Million Air Force Contract For Obsolescence Management Support
The Air Force awarded BAE Systems a three-year contract to provide obsolescence management support for several complex systems and platforms, including aircraft, vehicles, machines, and electronics, the company said Monday. […]
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Business/FinancialGD Increases Dividend
General Dynamics [GD] on Wednesday said its board has approved an increase in the company’s annual stock dividend, marking the 18th consecutive year GD has boosted its dividend. The regular […]
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Business/FinancialLookingglass Acquires Cyber Security Firm CloudShield
Lookingglass Cyber Solutions on Monday said it has acquired CloudShield, a developer of hardware and software for cyber security solutions, expanding its capabilities and solutions offerings. Terms of the deal, […]
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Business/FinancialIntel Introduces Security Platform For Protecting Critical Infrastructure
Intel Security on Wednesday announced a new software technology platform that it said can be used to secure legacy and new capabilities used in critical infrastructure applications. Intel Security Critical […]
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Business/FinancialCoast Guard Awards Bollinger $79 Million For Two FRCs
The Coast Guard has exercised a contract option with Bollinger Shipyards for the construction of two Fast Response Cutters (FRCs) for $79.2 million, bringing to 32 the number of Sentinel-class […]