Business/Financial

The European Aeronautic Defence & Space Co. (EADS) yesterday said its new corporate headquarters in Toulouse, France, has begun operations with plans to be fully operational by Sept. 1. The […]

World Surveillance Group Inc. [WSGI], a developer of aerostat systems, yesterday said it has acquired another aerostat manufacturer, Lighter Than Air Systems Corp. (LTAS), giving it additional products and technical […]

Lockheed Martin [LMT] yesterday said its Space Systems company has formed a technology hub to expand its collaboration with technology innovators in Silicon Valley in order to better meet the […]

The Department of Defense 2012 portfolio of 86 major defense acquisition programs is estimated to cost a total of $1.6 trillion, reflecting decreases in both size and cost from the […]

SAIC [SAI] on Tuesday posted positive net income in the fourth quarter after a loss a year ago was impaired by a hefty charge related to a workforce management system […]

Shareholders in the European Aeronautic Defence and Space Co. (EADS) yesterday formalized plans agreed to by the company’s board and core shareholders in December to give the company’s leadership freer […]

United Technologies Corp. [UTX] yesterday said it has completed the sale of the former Goodrich Corp. electric power systems business to France’s Safran for $400 million.  The divesture of the […]

Air Force contracting personnel may be inappropriately increasing the service’s contracting risk by issuing cost-reimbursable, or non-firm-fixed-price, contracts because cost-reimbursable contracts provide less incentive for contractors to control costs, according […]

Cubic Corp. [CUB] yesterday named Dave Schmitz as the president of its Cubic Defense Applications division, succeeding Brad Feldman who has been promoted to president and chief operating officer of […]

Lockheed Martin’s [LMT] Extended Area Protection and Survivability (EAPS) program successfully conducted the first Guided Test Flight to characterize the seeker, guidance, navigation and control systems of its Miniature Hit-to-Kill […]