Business/Financial

The Navy’s third Littoral Combat Ship (LCS 3), the future USS Fort Worth, has begun her journey to commissioning in Texas and on to her eventual homeport of San Diego. […]

L-3 Communications [LLL] yesterday said it has completed its purchase of the civil aircraft training and simulation business from France’s Thales for about $130 million in cash. The new L-3 […]

Sweden’s Saab AB this week said it has agreed to acquire the Dutch firm HITT N.V. for $38.4 million in line with the company’s strategy to be a global leader […]

Teledyne Technologies Inc. [TDY] yesterday said it has completed its acquisition of test solutions equipment provider LeCroy Corp. for $291 million, including debt. New York-based LeCroy makes oscilloscopes, protocol analyzers […]

MBDA Germany yesterday said it has supplied a missile threat simulation tool to the German Federal Office of Defense Technology and Procurement (BWB). This system allows simulation of all types […]

Strong program execution on work it is doing under a U.S. government contract in Afghanistan and on air traffic management programs drove strong earnings at Exelis Inc. [XLS] in the […]

TeleCommunication Systems Inc. [TSYS] Aug. 1 said it received a new $19 million delivery order from the Army for field services support and maintenance of Secret Internet Protocol Router and […]

Maersk Line, Limited (MLL), which serves the U.S. government through the operation of flagged shipping vessels, yesterday said it has acquired 3PSC, which builds and operates special mission ships for […]

General Dynamics [GD] yesterday said it has completed its acquisition of the naval ship repair company Earl Industries, expanding its capabilities in the ship repair market. Terms of the deal, […]

Administration officials provided slightly more insight yesterday into how potential across-the-board budget cuts would be administered at the Pentagon and impact major weapons programs. Deputy Defense Secretary Ashton Carter and […]