Business/Financial

Canada’s MacDonald, Dettwiler and Associates Ltd. [MDA],this week said it signed an agreement to acquire 100 percent of Space Systems/Loral Inc. (SS/L) for $875 million in a transaction that is […]

Lockheed Martin [LMT] yesterday said its board of directors unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher Kubasik as a board […]

L-3 Communications Holdings Inc. [LLL] on Tuesday said its board of directors approved the distribution to its shareholders of all the outstanding shares of its subsidiary, Engility Holdings Inc., and […]

Lawmakers increased pressure yesterday on the White House to spell out how automatic budget cuts could impact the Pentagon next year, by advancing new legislation and calling the president’s budget chief to […]

BAE Systems yesterday said Tom Arseneault has been appointed executive vice president, Product Sectors and chief technology officer. Larry Prior, who currently serves as executive vice president, Service Sectors, has […]

Sweden’s PartnerTech [PART] and BAE Systems’ Global Combat Systems unit yesterday said the two companies have signed a letter of intent regarding the manufacturing and testing of defense electronics. "This […]

Kongsberg has signed an approximately $64.2 million contract with BAE Systems to supply combat systems for Norwegian military vehicles. BAE Systems, Sweden, is the main supplier to the Norwegian army’s […]

The director of the Defense Logistics Agency (DLA) said the agency is already beginning to move items out of Afghanistan ahead of the larger work expected as U.S. troops begin […]

SAIC Inc. [ SAI] yesterday said President and CEO John Jumper has been elected Chair of the SAIC Board of Directors, effective June 15. Jumper succeeds A. Thomas Young, who […]

Lockheed Martin [LMT] yesterday said it received a $27.1 million Army contract for the first phase of a three-year development program to increase crew protection and update the service’s fleet […]