Business/Financial
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Business/FinancialDeloitte Study Finds Commercial Aerospace Growth Outweighs Defense Declines
Revenues related to the commercial aerospace sector greatly outpaced declines in the defense sector in 2012 as the global aerospace and defense market shifts toward parity between the two sectors, […]
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Business/FinancialSAIC To Pay $6 Million To Settle False Claims Act Allegations
The Justice Department last week said that SAIC [SAI] has agreed to a $5.8 million fine to settle allegations that it violated the False Claims Act by submitting claims under […]
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Business/FinancialNIST Releases Draft Outline Of Cybersecurity Framework
After several months of work on bringing together best practices and standards that could be used by owners and operators of the nation’s critical infrastructure, the National Institute of Standards […]
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Business/FinancialBAE Sells Small UAS Firm
A newly formed small company in Arizona has acquired a small business from Britain’s BAE Systems that it had purchased in 2009 to complement its offerings in unmanned aircraft systems […]
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Business/FinancialL-3 Unit To Pay Justice Department $1.9 Million To Settle Civil Claim
The Department of Justice yesterday said that CyTerra Corp., which is a business unit of L-3 Communications [LLL], has agreed to pay $1.9 million to resolve False Claims Act allegations […]
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Business/FinancialCubic Acquires Firm With Live Fire Simulation Products
Cubic Corp. [CUB] yesterday said its Cubic Defense Applications business unit has acquired certain assets and foreign subsidiaries of Advanced Interactive Systems (AIS) through a bankruptcy auction, giving it exposure […]
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ArmyTextron Land & Marine To Work On MECV-S Scalable Armor
Textron Marine & Land Systems (TM&LS) [TXT] said it was awarded a $3.39 million firm-fixed price Army contract for work on the Modernized Expanded Capacity Vehicle Survivability (MECV-S) system. TM&LS […]
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ArmyArmy Seeks Industry Candidates For NIE 14.2
The Assistant Secretary of the Army for Acquisition, Logistics and Technology System of Systems Engineering and Integration Directorate (SOSE&I) is looking for interested sources with mature solutions to enhance existing […]
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Business/FinancialLockheed Martin Hones Focus On International Growth With New Organization
Faced with a tight government funding environment domestically and looking to expand its international business, Lockheed Martin [LMT] yesterday said it has formed a new organization to accelerate its global […]
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Business/FinancialRaytheon Acquires Data Analytics Firm
Raytheon [RTN] last week said it has acquired the data analytics firm Visual Analytics Incorporated, boosting its capabilities in meeting the data analytics, data visualization and information sharing needs of […]