Business/Financial

Sweden’s Saab yesterday said its Seaeye subsidiary has acquired Britain’s Hydro-Lek Ltd., a manufacturer of components used in unmanned underwater vehicles (UUVs), strengthening its portfolio of products in the remotely […]

Sparton Corp. [SPA] yesterday said that it has completed its acquisition of Aydin Displays, Inc., a developer and manufacturer of flat panel displays and touch-screen solutions in the military, aerospace […]

Rockwell Collins [COL] on Friday said it has agreed to sell its Kaiser Optical Systems subsidiary to Switzerland’s Endress+Hauser  as part of a strategy to focus on growth area in […]

Northrop Grumman [NOC] on Wednesday said it has agreed to acquire the defense services business of Australia’s Qantas Airways Limited, expanding its capabilities and footprint in Australia. Northrop Grumman will […]

Building on stakeholder inputs from a workshop in San Diego last month, the National Institute of Standards and Technology (NIST) this week released the latest iteration of a draft Cybersecurity […]

Verizon [VZ] reported a major increase in customer use of its cloud computing services in the past 18 months, according to a company report released on Thursday. Locations of Verizon […]

Bell Helicopter yesterday announced three new additions to its executive leadership team, promoting three executives from within the helicopter manufacturing division of Textron Inc. [TXT]. Gunnar Kleveland will become senior […]

Accenture [ACN] yesterday said it would invest more than $400 million over the next two years in its cloud computing capabilities and training to increase the depth of services it […]

BAE Systems yesterday said it successfully completed 2,000 miles of testing of its Ground Combat Vehicle (GCV) Hybrid Electric Drive (HED) system on a fully integrated “Hotbuck” mobility platform, a […]

Harris Corp. [HRS] yesterday said it has increased its quarterly cash dividend by a nearly 14 percent, up a nickel to 42 cents per share, representing the company’s 12th consecutive […]