Business/Financial

Cloud services provider Akamai Technologies, Inc. [AKAM] yesterday said it has agreed to acquire Prolexic Technologies in a $370 million cash deal that would boost is security solutions capabilities and […]

With a strong outlook for cash flow, Raytheon [RTN] this week said it has increased its stock repurchase program by up to $2 billion. In 2011 Raytheon’s board of directors […]

Faced with continuing federal spending cuts, defense contract Lockheed Martin [LMT] yesterday said it plans to cut 4,000 jobs by mid-2015, an action that will result in a pre-tax charge […]

MBDA yesterday appointed Orbital Sciences Corp. [ORB] co-founder Scott Webster as Chairman of the Board, CEO and Managing Director of MBDA Inc., replacing Jerry Agee who is retiring. Scott Webster […]

Tallasi Technology, a new holding company formed by two former executives of Stanley Associates, has acquired GAP Solutions, Inc., giving it a platform in the professional services business with which […]

A-T Solutions yesterday said it has acquired the software technology company GreenLine Systems, which specializes in monitoring risks associated with maritime and cross-border traffic. Terms of the deal were not […]

CyPhy Works, a leading developer of advanced Unmanned Aerial Vehicles (UAVs), said this month it closed a $7 million financing round led by Lux Capital. Also participating were General Catalyst […]

Led by its burgeoning business that sells ammunition, guns and accessories to hunters and sportsmen, ATK [ATK] yesterday delivered strong top and bottom line financial results and the company increased […]

Huntington Ingalls Industries [HII] yesterday posted higher third quarter sales and net income, which benefited from hurricane insurance recoveries. Net income was up more than 400 percent to $69 million, […]

ATK [ATK] yesterday said it has completed its $985 million acquisition of Bushnell Group Holdings, further expanding its array of product offerings within its sporting business. Bushnell, which previously was […]