Business/Financial
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Business/FinancialGD Adds BioPharma Exec To Board
General Dynamics [GD] on Monday said its board has elected Laura Schumacher, an executive with the biopharmaceutical company AbbVie [ABBV], as a director. Schumacher is executive vice president, Business Development, […]
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Business/FinancialL-3 Posts Declines To Top And Bottom Lines
Hampered by a tight fiscal environment in the federal government market, L-3 Communications [LLL] on Thursday posted lower net income and sales in its fourth quarter although earnings still managed […]
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Business/FinancialIncome, Sales Drop At Northrop Grumman In Fourth Quarter
Northrop Grumman [NOC] on Thursday posted lower earnings and sales in its fourth quarter, although an aggressive stock repurchase program helped maintain healthy per share earnings. Net income fell 10 […]
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Business/FinancialSporting Group Fuels Solid ATK Third Quarter, Quarterly Dividend, Outlook Increased
Showing continued strength in its growing sporting business, ATK [ATK] on Wednesday delivered strong third quarter financial results, with the company increasing its fiscal year outlook and quarterly dividend. Net […]
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Business/FinancialTax Resolution Boosts Raytheon’s Net Income Despite Sales Drop In Fourth Quarter
Raytheon [RTN] on Thursday reported higher net income in the fourth quarter due to the resolution of tax matters from discontinued operations although sales tumbled, as expected, amid challenges in […]
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Business/FinancialCACI’s Second Quarter Income, Sales Fall As Defense Spending Tightens
A challenging federal spending environment combined with the government shutdown last October drove income and sales down at CACI International [CACI] in the second quarter and the services contractor lowered […]
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Business/FinancialEngility Expects To Close DRC Acquisition On Friday
Government technology and missions services provider Engility Holdings [EGL] on Wednesday said it has completed the tender offer for all the outstanding shares of Dynamics Research Corp. [DRCO], paving the […]
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Business/FinancialBoeing Finishes 2013 With Strong Quarter But 2014 Outlook Short Of Expectations
Buoyed by strong results in its commercial airplane and defense segments, Boeing [BA] on Wednesday posted higher sales and a double-digit increase in net income although it provided guidance for […]
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Business/FinancialEngineering Firm MacAulay-Brown Buys Commonwealth Technology
The national security engineering and technical solutions firm MacAulay-Brown, Inc., has acquired Commonwealth Technology, Inc., which is focused on providing specialized products and engineering solutions in a “quick reaction capability” […]
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Business/FinancialFinally, A-12 Contract Dispute Ends With Federal Court’s Dismissal
After 23 years of torturous and complex legal battles, a federal court this week agreed to dismiss a contract dispute over the Navy’s terminated A-12 stealth bomber program after the […]