Business/Financial

Lockheed Martin [LMT] yesterday reported higher second quarter sales and income with three of the company’s four reporting segments adding to both the top and bottom lines and the company […]

DigitalGlobe, Inc. [DGI] yesterday said it has agreed to acquire GeoEye, Inc. [GEOY], its primary United States-based competitor in the satellite earth imagery and geospatial analysis market, in a stock […]

GenCorp Inc. [GY] yesterday said it has agreed to acquire the Rocketdyne rocket engine business from United Technologies Corp. [UTX] for $550 million in a deal that would significantly increase […]

Last week the Army said it plans to issue a Request for Unfunded Project Proposals to execute a project award supporting ground robotics research areas. Anticipated research areas for project […]

Five senators that have been leading the push for comprehensive cyber security leadership but have gotten nowhere with a comprehensive bill they introduced in February on Thursday introduced a revised […]

Textron [TXT] yesterday posted strong second quarter financials on the strength of increased demand for its business jets and commercial helicopters and a swing to a profit in its Finance […]

With a new business strategy in place, SAIC [SAI] yesterday said it has agreed to acquire the healthcare information technology (IT) consulting firm maxIT for $473 million as part of […]

Geographic information systems (GIS) company Esri Technologies, LLC, last week said it has acquired GeoIQ, a geospatial analytic software company that will bring web development and design experience. Terms of […]

Defense industry executives called for more clarity regarding potential across-the-board Pentagon budget cuts yesterday, warning lawmakers that programs for jets, helicopters, and ships could be harmed. Leaders of Lockheed Martin […]

Qinetiq recently said it is working with the U.K. Ministry of Defence (MoD) to establish a new Unmanned Air Systems Capability Development Center (UASCDC) to support the rapid development of […]