Business/Financial

Orbital Sciences Corp. [ORB] yesterday said its first quarter earnings rose sharply on margin improvements across its business segments despite sales that remained relatively level with a year ago. Net […]

Kaman Corp. [KAMN] said the New Zealand Cabinet authorized the Ministry of Defence (MoD) to enter into an approximately $120 million contract for the purchase 10 SH-2G(I) Super Seasprite aircraft, […]

Aircraft component designer and manufacturer TransDigm Group Inc. [TDG] yesterday said it has agreed to acquire Aerosonic Corp. [AIM] for $7.75 per share in cash, providing it with new products […]

The National Institute of Standards and Technology (NIST) yesterday said it plans to sponsor its first Federally Funded Research and Development Center (FFRDC), which will support a relatively new cyber […]

Rockwell Collins [COL] last Friday said that Clay Jones, the company’s chairman and CEO, will retire at the end of July and will be succeeded as CEO by Kelly Ortberg, […]

Lockheed Martin [LMT] yesterday said it successfully demonstrated the launch, guided flight, target acquisition and precision strike capability of its Nemesis missile in three flight tests at White Sands Missile […]

A year after creating a center of excellence forging new solutions to cyber security, the National Institute of Standards and Technology yesterday said it has added 11 industry partners. The […]

General Dynamics [GD] UK yesterday said it reorganized the business toward future growth, and appointed Steve Rowbotham as chief operating officer. General Dynamics will continue to have two primary lines […]

Boeing [BA] yesterday said it recently completed the first flight of the newest CH-47 Chinook–called the Mk6–heavy-lift helicopter for the United Kingdom’s Royal Air Force. The March 15 flight, at […]

Teresa Takai, chief information officer at the Department of Defense, said the department is looking at ways to decrease its use of the Internet while maintaining connectivity. “We’re looking at […]