Business/Financial

The Federal Trade Commission (FTC) this spring began an investigation into potential anti-competitive practices on the part of space launch services provider United Launch Alliance (ULA) and rocket engine supplier […]

The Longbow Limited Liability Company (LLC), a joint venture of Lockheed Martin [LMT] and Northrop Grumman Corp. [NOC], received a $90.6 million contract to provide Saudi Arabia with Longbow Fire Control Radars (FCRs) for […]

Lockheed Martin [LMT] and China’s State Nuclear Power Automation System Engineering Company (SNPAS) yesterday said they have signed an agreement to prototype, manufacture and qualify nuclear power plant reactor protection systems for […]

More than half of Northrop Grumman’s [NOC] tech professionals in many of its core disciplines are eligible for retirement, a challenge in an era of declining government research and development […]

Hundreds of millions could be saved by the U.K. Ministry of Defense by changing the rules of sole source procurement, officials said Monday. The proposals were offered by Defense Secretary […]

In an agreement expected to save the government more than $800 million, the Army and Boeing [BA] have signed a $4 billion multi-year contract for 177 CH-47F Chinook helicopters, with […]

Despite concerns that GenCorp Inc.’s [GY] pending acquisition of United Technologies Corp.’s [UTX] Rocketdyne division will create a monopoly for a certain type of missile defense propulsion system, the Federal […]

QinetiQ North America (QNA) yesterday said it is expanding its management team at Cyveillance, a provider of cyber intelligence solutions, with the addition of a chief technology officer (CTO) and […]

MBDA France, part of MBDA Group, yesterday said it has concluded a partnership agreement with Oktal-SE, a global player in multispectral simulation. Since 1991, the two companies have worked collaboratively, […]

U.S. Representatives from Texas, Joe Barton (R) and Marc Veasey (D) joined leaders of American Eurocopter, EADS North America and Turbomeca USA at a Friday rally calling on Congress to […]