Business/Financial
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Business/FinancialLockheed Martin Boosts Dividend, Share Repurchase Program
Lockheed Martin [LMT] yesterday said it is increasing its quarterly dividend and stock buyback program as part of its effort to return value to its shareholders. The company said its […]
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Business/Financial
Army Selects Harris For The First Mid-Tier Networking Radios
The Army Sept. 24 awarded Harris [HRS] Indefinite-Delivery, Indefinite Quantity contract for the first mid-tier networking vehicular radios (MNVR), over competitors General Dynamics [GD], BAE Systems and Raytheon [RTN]. Photo: […]
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Business/Financial
Rockwell Expects Earnings, Sales To Dip In 2014
Rockwell Collins [COL] on Friday introduced financial guidance for 2014 with the declines paced by continued constraints on government spending, partially offset by growth in avionics for commercial aircraft. The […]
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Business/Financial
General Dynamics To Convert More Abrams Tanks For Saudi Arabia
General Dynamics [GD] Land Systems unit yesterday said it has been awarded $187.5 million to convert 44 M1A1 and 40 M1A2 Abrams tanks to the Saudi M1A2 (M1A2S) configuration for […]
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Business/Financial
General Dynamics Unveils Leadership Changes At Shipyards
General Dynamics [GD] has announced changes in leadership at two key Navy shipbuilding yards. General Dynamics is a builder of Navy destroyers. Photo by General Dynamics. Jeffery Geiger, the president […]
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ArmyLockheed Martin Discusses MEADS With Poland To Modernize Air And Missile Defenses
Lockheed Martin [LMT] has discussed with Poland the possibility of procuring the Medium Extended Air Defense System (MEADS) to fulfill that nation’s priority to modernize its air and missile defense […]
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Business/Financial
Northrop Grumman CEO Says Defense Contractors Should Remain Separate From Commercial Industry
NATIONAL HARBOR, Md.—Northrop Grumman [NOC] CEO Wes Bush said yesterday the defense industry needs to stick to its knitting despite suggestions that Pentagon contractors should capitalize on commercial opportunities to […]
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Business/Financial
‘New’ SAIC Sees More Headroom To Expand Business Post Spinoff
The size of the addressable business market for the new Science Applications International Corp. [SAIC] will expand by about $25 billion once the company completes its spinoff from the current […]
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Business/Financial
Esterline Names Former UTC Aircraft Systems Exec Reusser As New CEO
Esterline Corp. [ESL] last week named Curtis Reusser as its next president and CEO, succeeding Brad Lawrence who will remain executive chairman of the board until March 2014. Incoming Esterline […]
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Business/FinancialHEICO To Acquire Small Satellite Component Maker
HEICO Corp. [HEI.A] yesterday said it has agreed to acquire Lucix Corp., a small manufacturer of components used on commercial and military satellites, adding to its existing satellite and space […]