Business/Financial

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 […]

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 […]

Precision Castparts Corp. [PCP] yesterday said it has agreed to acquire most of the aerostructures and industrial products business units from Canada’s Heroux-Devtek for $296.1 million in cash, further consolidating […]

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 […]