Business/Financial

Two of the world’s largest aerospace and defense contractors, Britain’s BAE Systems and the European Aeronautic Defence and Space Co. (EADS), yesterday confirmed that they are in discussions about a […]

The White House threatened to veto a bill taking aim at so-called sequestration budget cuts that the Republican-led House plans to debate today. The National Security and Job Protection Act, […]

Technical and professional services firm Engility Holdings [EGL] yesterday said it plans to realign its organizational structure at the start of 2013 to streamline operations and improve its competitiveness and […]

Sikorsky Aerospace Services (SAS) [UTX] and PZL Miele, which produce S-70i™ Black Hawk helicopters in Poland, said they signed a Letter of Intent with Poland’s principal maintenance, repair and overhaul […]

Further bolstering its new broadband business unit, General Dynamics [GD] on Monday said it has acquired Open Kernel Labs Inc., a designer and provider of software that enables secure computing […]

Northrop Grumman [NOC] yesterday said it has executed a teaming agreement with Flight Technologies Sistemas S/A to develop national security technologies for Brazil. Northrop Grumman’s Overseas Service Corporation and Flight […]

Marvin Sambur has been named president and chief executive officer of Burdeshaw Associates, Ltd. (BAL), according to a company statement. Sambur will replace retired Army Gen. William Hartzog, who the […]

KEYW Corp. [KEYW] yesterday said it has agreed to acquire Poole & Associates, Inc., a provider of systems and software engineering services to the intelligence community for $126 million in […]

Some of the nation’s largest military contractors told lawmakers they are struggling to determine if they should issue layoff warnings to employees in advance of potential across-the-board Pentagon budget cuts […]

Navistar International Corp. [NAV] yesterday responded with “disappointment” to an open letter issued Sept. 9 by activist stockholder Carl Icahn that called the company “a poster child for abysmal business […]