Business/Financial

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 […]

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 […]

A new laboratory that provides thermoplastic composites research for Boeing [ BA] and other aerospace companies has opened at Enschede in the Netherlands. “With this opening, the Thermoplastics Composites Research […]

A senator trying to stop $500 billion in defense cuts from starting next January is calling on industry and the Pentagon to tell employees their jobs are in jeopardy, in […]

General Dynamics [GD] Advanced Information Systems yesterday said Edward Timmes has joined the company as vice president of its Intelligence Systems business in its Cyber Systems division.  Timmes will lead […]

SAIC [SAI] said yesterday that it is protesting the Defense Department awarding a $4.6 billion Global Information Grid (GIG) contract to Lockheed Martin [LMT]. SAIC spokeswoman Melissa Koskovich said in […]

Lockheed Martin [LMT] and a machinists union representing striking workers at the company’s F-35 plant in Fort Worth, Texas have reached a tentative agreement that could end the two-month long […]

Boeing [BA]’s Board of Directors yesterday declared a regular quarterly dividend of $.44 per share, according to Chairman, President and CEO Jim McNerney. The dividend is payable Sept. 7 to […]