Business/Financial

The impact of existing and looming budget cuts facing the Defense Department from an ongoing budget resolution and sequestration in FY ’13 alone would have a severe impact on some […]

Lockheed Martin [ LMT] yesterday said it recently demonstrated the ability of its Direct Attack Guided Rocket (DAGR) missile to launch from a ground vehicle during a series of flight […]

General Dynamics [GD]’s Armament and Technical Products unit yesterday said it recently was awarded two Army contracts including $210.4 million for the production of Hydra-70 air-to-ground rockets and $13.5 million […]

Huntington Ingalls Industries [HII] yesterday reported lower fourth quarter net income due to higher workers compensation and tax expenses while sales increased due to gains at both of the company’s […]

The National Steel and Shipbuilding Company (NASSCO), which builds and maintains Navy ships, has informed hundreds of workers that they could start losing their jobs by the end of April […]

In this period of transition between conflict and peace, defense acquisition and sustainment must find the balance between effectively supporting warfighters and the demand for more efficiency, a new report […]

SAIC [SAI] yesterday announced the names for the new companies that are expected to emerge when the company splits into two publicly traded companies in the latter half of its […]

Boeing [BA] last Friday said it has acquired a business unit from CPU Technology Inc. that makes microprocessors that provide cyber security protection to onboard mission critical systems. Terms of […]

The O’Gara Group yesterday said it has completed its acquisition of the commercial armored vehicle division and transparent armor business of Britain’s BAE Systems, reuniting O’Gara with its original business. […]

Textron Marine & Land Systems [TXT] introduced two vehicles to its Commando™ family of vehicles–the Select Mortar Vehicle and the Utility Baserunner–at the International Defense Exhibition and Conference (IDEX 2013. Designed […]