Business/Financial

Lockheed Martin [LMT] yesterday said it received a $90.6 million Performance Based Logistics (PBL) contract from the Army for sustainment of the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor […]

General Dynamics [GD] and Finmeccanica’s Alenia Aermacchi is the latest team to declare its bid for the Air Force’s T-X trainer jet program, according to a General Dynamics statement.  The […]

There’s a vital need to continue and increase industry/government dialogue on Army aviation, industry leaders said at a recent conference in Washington, while a top Sikorsky [UTX] executive said it’s […]

Anticipating fiscal pressures over fiscal years 2014-2018, the Pentagon’s top acquisition official has extended by six months the Technology Development (TD) phase for the Ground Combat Vehicle Infantry Fighting Vehicle […]

For the first time in years more companies are reporting lower government contract sales as well as lower profits, according to a new survey by the auditing and management consulting […]

Cubic Corp. [CUB] said this week that it has agreed to acquire PS Management Consultants Pty Ltd (PSMC), an Australian-based defense company in the training, simulation, communications and range safety […]

The top civilian and military Army leaders yesterday issued their “command intent” and immediate, but reversible, actions for risk mitigation in the face of fiscal uncertainty. The Jan. 16 memo […]

The Navy has instructed commands to begin identifying possible funding cuts in readiness as well as in other areas because Congress has not passed an appropriations bill for fiscal 2013,  […]

The Marines have awarded a $24 million contract for 13 Light Armored Vehicles (LAV-A2) from General Dynamics [GD] Land Systems-Canada. The LAV-A2 is a mobile, survivable and lethal system for […]

A total of 237 of a total of just over 400 workers on the General Dynamics [GD] Stryker combat vehicle line at Anniston Army Depot (ANAD), Ala., are being laid […]