Business/Financial

Halfway through 2012, the global defense industry is reporting fewer revenues than it did a year ago with European-based firms feeling the worst of defense spending cutbacks while companies based […]

ATK [ATK] yesterday said it has been selected by the Army over a BAE Systems–Olin Corp. [OLN] joint venture for continued operation and maintenance of the Lake City Army Ammunition […]

3M Corp. [MMM] yesterday said it has agreed to acquire Ceradyne, Inc. [CRDN], a developer and manufacturer of advanced technical ceramic products including body armor for military customers, for $860 […]

The private equity firm J.F. Lehman & Co. on Friday said its portfolio company US Joiner has acquired certain assets of Maritime Services Corp. (MSC), a provider of millwork, installation […]

The Marine Corps’ sole program executive officer (PEO) has a message to the defense industry: don’t over-analyze budget-cutting talks and bring your “A game” to his service. William Taylor, the […]

A British parliamentary panel on Wednesday said it will review the possible merger between the European Aeronautic Defence and Space Co. (EADS) and Britain’s BAE Systems for the impact the […]

800×600 With sequestration looming and Congress unable to agree on terms for an FY ’12 defense budget, Lockheed Martin [LMT] yesterday said its board of directors has authorized a 15 […]

The European Union (EU) asked the World Trade Organization (WTO) yesterday for permission to slap the United States with $12 billion in annual trade sanctions because the organization found this […]

Defense Secretary Leon Panetta said yesterday he’d “take whatever the hell deal” lawmakers can come up with to delay or prevent so-called sequestration budget cuts. The $500 billion in decade-long […]

EADS North America yesterday said it has begun its voluntary flight demonstration (VFD) for the Army’s Armed Aerial Scout (AAS) helicopter program. Two aircraft are at a high-altitude test site […]