Business/Financial
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Business/FinancialNorthrop Grumman Boosts Share Repurchase Authorization To $2 Billion
Northrop Grumman [NOC] yesterday said it is committing up to $2 billion to fund repurchases of its common stock, an increase in the program that is one of the company’s […]
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ArmyThales Communications Awarded Second Rifleman Radio Contract
Thales Communications Inc. said this week the Army has awarded the second Low-Rate Initial Production (LRIP) contract for the AN/PRC-154 Rifleman Radios, part of the Joint Tactical Radio System Handheld, […]
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Business/Financial
Post-9/11 Defense Spending Boom Expanded Industrial Base, Shifted Market Share To More Firms, Study Shows
The dramatic rise in defense contract spending by the United States that accompanied the wars in Afghanistan and Iraq was matched by a similarly large expansion of the industrial base, […]
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Army
ATK Achieves Ammunition Production Milestone
ATK [ATK] last week said it recently achieved a world-class production milestone by delivering the two-billionth 7.62mm round of ammunition manufactured at the Lake City Army Ammunition Plant (LCAAP) in […]
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Business/Financial
TransDigm Acquires Aero-Instruments
TransDigm [TDG] yesterday said it has acquired Aero-Instruments Co., LLC, for $35 million in cash, expanding its portfolio of sensors and components it supplies to the aerospace industry. Cleveland-based Aero […]
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Business/Financial
GSA Selects 17 Firms To Compete For Cloud Email Services
The General Services Administration (GSA) last month awarded 20 blanket purchase agreements to 17 companies allowing them to compete up to $2.5 billion in work over five years offering cloud […]
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Business/Financial
U.K. Regulators Extend Deadline For Carlyle, Chemring Talks
Britain’s Chemring on Friday said that government regulators in the United Kingdom have granted a deadline extension for talks between the company and the private equity firm The Carlyle Group […]
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Air ForceHarris Corp. Receives JTRS Certification For Falcon III Radio
Harris Corp.[HRS] Friday said it has received Joint Tactical Radio System (JTRS) Certification for its Falcon III® AN/PRC-117G multiband manpack radio operating Soldier Radio Waveform (SRW) v1.01.1. “JTRS certification is […]
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Army
ATK’s XM25 System Closer To Fielding
ATK [ATK] yesterday said it received a $16.8 million engineering and manufacturing development contract modification from the Army’s Program Executive Office (PEO) Soldier for its XM25, Individual Semi-Automatic Airburst System. […]
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Business/Financial
GeoEye CEO: Increased Government Imagery Demand ‘Swamped’ Diversification Effort
GeoEye’s CEO said increased U.S. government demand for satellite earth imagery “kind of swamped” the company’s effort to diversify its business with more commercial and international income. “I think one […]