Business/Financial

Northrop Grumman [NOC] yesterday said it is increasing its quarterly dividend by 10 percent to 55 cents per share payable June 13. “Today’s dividend increase demonstrates our confidence in the […]

Soldiers in Afghanistan have found a new use for the anti-armor Javelin weapon: against insurgents, where the pinpoint accuracy of the missile allows it to be used within the rules […]

GTSI Corp. [GTSI], still reeling from a Small Business Administration (SBA) investigation begun in 2010 into its alleged use of small businesses to obtain federal contracts, said last week that […]

Sikorsky Aircraft  [UTX] and Terma A/S last week said they have extended and broadened their previously announced Memorandum of Understanding (MoU) to explore additional potential collaborations on aircraft programs. Both […]

Huntington Ingalls Industries [HII] yesterday posted lower net income in the first quarter as higher expenses weighed on an otherwise solid operating performance at the company’s two shipbuilding divisions. Net […]

Kratos Defense & Security Solutions [KTOS] this week said it has agreed to acquire Composite Engineering, Inc. (CEI), for $155 million, giving it capabilities in composite structures and in the […]

General Dynamics [GD] yesterday said it has agreed to acquire the holding company of IPWireless, Inc., a provider of 3G and 4G LTE wireless broadband network equipment, giving an entrée […]

Mick Maurer has been appointed president of United Technologies Corp.– [UTX] subsidiary Sikorsky Aircraft Corp., effective July 1, according to a UTC company statement. Maurer succeeds Jeffrey Pino, who retires […]

DigitalGlobe [DGI] on Sunday said its board of directors unanimously rejected a hostile takeover bid from GeoEye [GEOY], saying the $792 million proposal undervalued the company. Moreover, in his letter […]

After several months of unsuccessfully courting its primary domestic competitor in the commercial satellite imagery business, GeoEye [GEOY] on Friday announced a $792 million takeover offer for DigitalGlobe [DGI], saying […]