Business/Financial

TransDigm Group [TDG] yesterday said it has agreed to acquire the former Goodrich Pump & Engine Control Systems business from United Technologies Corp. [UTX] for $236 million in cash, a […]

The Department of Homeland Security (DHS) Science and Technology (S&T) Directorate this week awarded 29 organization 34 contracts worth a combined $40 million to improve the security of federal networks […]

A decline in pension income coupled with lower sales drove Northrop Grumman’s [NOC] earnings down in the second quarter but strong operating performance coupled with a bright outlook for the […]

General Dynamics [GD] yesterday posted lower earnings amid a thin increase in sales in its third quarter driven by lower operating profits in its information technology (IT) and Combat Systems […]

Boeing [BA] yesterday reported a drop in net income despite a double-digit increase in sales in its third quarter as higher pension expense offset an otherwise strong performance at the […]

Lockheed Martin [LMT] yesterday reported solid earnings growth despite lower sales due to strong profit gains at its Electronic and Space Systems segments and the company raised its earnings and […]

United Technologies Corp. [UTX] yesterday reported lower earnings from continuing operations that still topped consensus estimates while sales increased to due an acquisition during the summer of an interest in […]

Republicans and Democrats sparred yesterday over the semantics of President Barack Obama’s Monday night comment about pending Pentagon budget reductions, as an industry leader called on the two sides to […]

Activist investor Carl Icahn yesterday asked his fellow shareholders in truck maker Oshkosh Corp. [OSK] to either tender their shares to him or vote to replace directors on the company’s […]

Raytheon [RTN] yesterday said it has acquired the small technology development and services company Teligy, Inc., giving it additional capabilities and offerings in the cyber security space. Raytheon also said […]