Business/Financial

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 […]

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 […]

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 […]

Sparton Corp. [SPA] on Friday said it has acquired Creonix, a small Florida-based company that manufactures complex electromechanical devices and engineers and manufactures cables and wire harnesses for the industrial, […]

General Dynamics [GD] yesterday said that Thomas Kirchmaier has been appointed president of the Advanced Information Systems business, part of the Information Systems and Technology (IS&T) group. Kirchmaier, 56, succeeds […]

Lockheed Martin [LMT] yesterday said it recently delivered the first Modernized Day Sensor Assembly (M-DSA) Laser Range Finder Designator (LRFD) to the Army for the AH-64D/E Apache helicopter. The modernized […]

TransDigm [TDG] on Wednesday said it has completed its $286 million cash acquisition of Arkwin Industries, giving it new products and additional aftermarket exposure. New York-based Arkwin, which had $95 […]