Business/Financial

The private equity firm The Jordan Company last week completed its acquisition of VT Group, a provider of engineering, technical and support services to the Defense Department, civil and commercial […]

A defense-industry group unveiled a report warning so-called sequestration budget cuts could lead to the loss of more than 2 million jobs yesterday as Democrats and Republicans clashed on Capitol Hill about […]

Private equity firm Francisco Partners (FP) yesterday said it has acquired biometric technologies and systems developer and provider Cross Match Technologies, the only remaining pure play multimodal biometrics provider based […]

General Dynamics [GD] yesterday announced the creation of a new business designed to pursue opportunities in broadband wireless communications for the public safety, industry and defense markets. General Dynamics Broadband […]

The Defense Department plans to turn over radio program responsibilities with the primary tactical radio requirements, after nearly a decade of effort to develop next-generation software-defined radios under the Joint […]

Northrop Grumman [NOC] yesterday said its RC-12X Guardrail system recently completed its 1,000th mission in theater. First arriving in theater in 2011, the RC-12X is an updated Guardrail system. “RC-12X […]

The private equity firm DC Capital Partners this week said it has acquired the federal information technology contractor Catapult Technology, Ltd., which provides various services to government agencies and the […]

The Army plans July 19 to host a Network Integration Evaluation (NIE) Agile Process Industry Day at Aberdeen Proving Ground (APG), Md., for industry partners that are participating in, or […]

This month the NSA-approved Very High Frequency/Ultra High Frequency (VHF/UHF) Line of Sight (VULOS, version 2.1.1a) waveform and full documentation will be delivered to the Joint Program Executive Office Joint […]

Citing the need to improve efficiency and affordability, Lockheed Martin’s [LMT] Mission Systems & Sensors (MS2) business on Tuesday said it is laying off 308 employees. The lay offs come […]