Business/Financial

A Pentagon “team” is looking at the impact of potential sequestration budget cuts and officials expect to craft detailed plans showing how defense programs would be impacted, the Pentagon’s budget […]

Sikorsky Aircraft Corp. [UTX] said Tuesday it was awarded the Combat Tempered Platform Demonstration (CTPD) contract to build on and improve the UH-60 Black Hawk helicopter by developing and integrating […]

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 […]

The Pentagon overreacted when it emphasized its desire for a variety of fixed-price contract with industry and will acknowledge the need for varied types of business deals in a new acquisition effort, […]

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, […]

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, […]

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 […]

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 […]

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 […]

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 […]