Business/Financial

The Defense Department’s plan to use Fiscal Year 2012 funds for a reduced program for Medium Extended Air Defense System (MEADS) or for contract termination costs is expected to be […]

Sens. Robert Casey (D-Pa.,) Sherrod Brown (D-Ohio) and John Kerry (D-Mass.) have written their colleagues on the Senate Armed Services Committee (SASC) in favor of continuing funding for Abrams tanks […]

Harris [HRS] is a major player as the Army’s Network Integration Evaluation (NIE) 12.2 communication exercise kicks off today at White Sands Missile Range, N.M., a company official said. Soldiers […]

BAE Systems yesterday said it received a new $60 million task order to provide training to the Defense Department’s Joint Improvised Explosive Device Defeat Organization (JIEDDO). The company will develop […]

General Dynamics’ [GD] Ordnance and Tactical Systems and Germany’s Rheinmetall Defence have formed a tank ammunition joint venture company named Defense Munitions International LLC (DMI). The new company will develop […]

Alenia North America this week changed its name to Alenia Aermacchi North America, reflecting a change in the name of its parent company, Alenia Aermacchi, which was formerly Alenia Aeronautica. […]

Bell Helicopter [TXT] yesterday said it has opened a new office in New Delhi for all of its operations in India. “Bell Helicopter is investing in India,” said John Garrison, […]

Britain’s BAE Systems yesterday said that Michael Chertoff, a Homeland Security Secretary during the Bush administration, has been named chairman of BAE Systems, Inc., the United States-based division of the […]

Lockheed Martin [LMT] this week said it has been awarded the G3 Training and Readiness Support Service contract with a ceiling value of $89 million and a three-year period of […]

BAE Systems yesterday said its Advanced Precision Kill Weapon System (APKWS) was recently approved for its first deployment by the Marine Corps and sent to Afghanistan last month. “One of […]