Business/Financial

The head of the Pentagon’s Joint Requirements Oversight Council (JROC) touted reforms officials have made to the powerful body intended to improve the its weapons planning. “We’re trying to make […]

The Defense Advanced Research Projects Agency (DARPA) is seeking teams to compete for a $2 million prize in its forthcoming Robotics Challenge aimed at pushing the state-of-the-art in robotics in […]

L-3 Communications [LLL] yesterday said it has agreed to acquire a civil aircraft simulation and training business from France’s Thales for $132 million in cash on hand. L-3 said the […]

Textron Inc. [TXT] yesterday said its AAI Unmanned Aircraft Systems (UAS) business unit has entered a strategic alliance with KOR Electronics Defense Solutions to integrate KOR’s signals intelligence (SIGINT) equipment […]

Britain’s Cobham yesterday said it is offering $428.3 million to acquire the rest of a Danish satellite communications (SatCom) firm that it currently holds a minority stake in. The offer […]

Bob King, president of the International Union, United Automobile Aerospace & Agricultural, Implement Workers of America (UAW) sent letters last week to the chairmen and ranking members of the House […]

The Coast Guard this week said it has exercised a $78.5 million contract option with the North American division of European Aeronautical Defence and Space Co. (EADS) to purchase two […]

Britain’s Cobham yesterday said that it has acquired a nearly 26 percent stake in the Danish satellite communications company Thrane  & Thrane A/S just weeks after it announced that it […]

NASHVILLE, Tenn.—Bell Helicopter and AAI Unmanned Aircraft Systems, both Textron Inc. [TXT] companies said they have teamed up to develop a Manned Unmanned Operations (MUMO) Capability Development Lab in Huntsville, […]

ReconRobotics, a developer and provider of micro-robotics systems used by the Army and Marine Corps and law enforcement agencies, has acquired the systems engineering firm Xollai, LLC, boosting its capabilities […]