Business/Financial

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 […]

Raytheon [RTN] yesterday said that effective April 1 it is consolidating its six operating segments into four in order to save money, streamline operations, increase productivity and better align itself […]

The Safariland Group, a portfolio company of the security consulting firm Kanders & Co., has acquired Mustang Survival, a manufacturer of protective products and equipment primarily for law enforcement and […]

The Army is moving forward with its revised Armored Multi-Purpose Vehicle (AMPV) acquisition strategy, releasing on Friday a draft Request for Proposal (RFP) for industry review and comment, ahead of […]

COLUMBIA, Md.—To make room for expansion and better position itself to handle increasing demand for cyber security services, General Dynamics [GD] has opened a new laboratory here that provides network […]

Lockheed Martin [LMT] continues its work on ballistic missile defense programs even as program uncertainties and budget cuts loom, company officials said. “There’s an increased concern about the (ballistic missile) […]

A record year in commercial aircraft deliveries lifted the aerospace and defense sector to higher sales in 2012, but slowing defense spending drove the sector’s operating earnings down last year, […]

Israel Aerospace Industries (IAI) yesterday reported higher fourth quarter sales and earnings while backlog and orders rose in 2012. Net income in the quarter was $23 million versus $1 million […]