Business/Financial

Science Applications International Corp. [SAIC] yesterday said it has initiated a quarterly cash dividend of 28 cents per share and authorized its first share repurchase program. SAIC’s Reconfigurable Tactical Operations […]

United Technologies Corp. [UTX] said on Wednesday that that if the ongoing federal government shutdown continues the company will have to furlough thousands of its employees due to a lack […]

Lockheed Martin [LMT] yesterday said it has opened its fourth Security Intelligence Centre in Canberra, Australia, further extending the company’s international cyber defense network. The main purposes of each center […]

Chicago—As it looks to expand its presence in key growth areas, American Science and Engineering’s [ASEI] new chief executive says the company will be examining potential acquisitions both to broaden […]

Defense contractors say it is hard to determine this early on how their programs will be affected by the ongoing government shutdown, but they seem to believe they can continue […]

Astronics Corp. [ATRO] yesterday said it has acquired aircraft antenna systems supplier AeroSat Corp. for $12 million in cash, adding new products to its aerospace and defense portfolio. The deal […]

Curtiss-Wright Corp. [CW] yesterday said it has acquired Parvus corp. for $38 million in cash, a deal that gives it a position in the rugged computing systems space for defense […]

Safariland Group yesterday said it has acquired Tactical Command Industries, Inc. (TCI), a provider of tactical communication headset systems, adding to its growing portfolio of industry brands serving the public […]

ORBCOMM Inc. [ORBC] yesterday said it has acquired the secure tracking and messaging product business from Comtech Mobile Datacom Corp., supporting its strategy to strengthen its position as a leading […]

Deputy Defense Secretary Ashton Carter yesterday unveiled several new initiatives to boost technology co-production and co-development rather than just simple sales. Top on Carter’s list of new initiatives is an […]