Business/Financial

Even if so-called sequestration cuts to the Pentagon budget kick in next year, the defense industry would not feel the full impact of the decade-long spending reductions for a few years, […]

Granite Tactical Vehicles Inc. yesterday launched its folding gunner’s protective armored turret that is nready for immediate deployment.   The turret folds flat, and when folded it is lower than […]

The Defense Information Systems Agency (DISA) has selected seven vendors to compete for work under a potential five-year, $800 million indefinite delivery, indefinite quantity contract to provide test and evaluation […]

Contractors unsuccessful in proposing their Joint Light Tactical Vehicles (JLTV) for the engineering and manufacturing development (EMD) phase of the Army-Marine program now await debriefings by the government before determining […]

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General Dynamics [GD] NASSCO yesterday said it has been awarded a $104 million Navy contract modification to renovate and modernize the dock landing ship USS Comstock (LSD 45).  The company […]

CAE [CAE] yesterday said it won a series of military contracts valued at more than about $55.4 million from Airbus Military, BAE Systems, and the U.K. Ministry of Defense. “These […]

The Transportation Security Administration (TSA) this week awarded separate contracts worth a combined $1.1 billion to L-3 Communications [LLL] and Morpho Detection, Inc. (MDI), to supply medium-speed explosives detection systems […]

LORD Corp. this week said it has agreed to acquire micro-sensor developer and supplier MicroStrain Inc., expanding its capabilities and geographic footprint. Terms of the deal were not disclosed. LORD, […]

Britain’s Chemring Group last week said that the private equity firm The Carlyle Group has expressed its interest in acquiring the company with a decision expected next month. Chemring said […]