Business/Financial
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Business/FinancialEngility To Acquire DRC To Expand Customer Base, Diversify Services
Government services contractor Engility Corp. [EGL] on Monday said it has agree to acquire Dynamics Research Corp. [DRCO] for more than $120 million in cash in a deal that diversifies […]
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Business/FinancialPAE Names John Heller As CEO
PAE on Thursday named John Heller as its new CEO, effective immediately, filling a vacancy at the integrated global mission services company. Heller joins PAE from Engility Corp. [EGL], where […]
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Business/FinancialL-3 Acquires Radar Sensor Firm Mustang Technology
L-3 Communications [LLL] said Thursday it has acquired Mustang Technology Group, expanding its defense and classified business. L-3 said Mustang would generate $36 million in sales in 2013. Mustang’ sensors […]
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Business/FinancialBoeing Makes Muilenburg No. 2 Along With Other Senior Promotions
Boeing [BA] said Wednesday it has selected the current head of its defense business, Dennis Muilenburg, to be the vice chairman, president and chief operating officer of the aerospace giant, […]
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Business/FinancialMilitary Helicopter Market To Decline While Commercial Rebounds, Study Finds
The military helicopter market is set to decrease due to budget constraints, but the commercial market will recapitalize in the coming years, according to a new study from business consulting […]
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Business/FinancialAerospace Sales Level In 2013 But AIA Predicts Rise In 2014 Led By Civil Aircraft
Pressure on spending for military and space products and services more than offset solid demand for commercial aircraft leading to a slight reduction in overall United States aerospace sales in […]
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Business/FinancialBoeing Boosts Dividend, Stock Buyback Plans
Boeing [BA] on Monday announced a handsome raise in its quarterly dividend and said its board of directors has authorized a new $10 billion stock repurchase program. The company’s quarterly […]
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Business/FinancialSales, Earnings Tumble In Third Quarter As SAIC Begins New Era
Science Applications International Corp. [SAIC] on Thursday said its net income and sales fell during its fiscal year 2014 third quarter due to the less work on several contracts and […]
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Business/FinancialSpin-Off Will Give Mission Systems More Flexibility, Exelis Says
The planned spin-off next summer of Exelis’ [XLS] government and military services business will provide the new public entity with the autonomy to flexibly deploy its capital in much the […]
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Business/FinancialExelis To Spin-Off $1.5 Billion Services Company
Exelis [XLS] yesterday said it will spin off its $1.5 billion military and government services business next summer to better focus on its C4ISR and remaining services business while also […]
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