Business/Financial

A former Pentagon official says he “can’t figure out” the Obama administration’s plan to invest in some industrial-base capabilities on a contingency basis in case it faces unforeseen equipment needs […]

The government yesterday said it wants proposals by April 9 to explore the further development of an advanced next generation combat engine. One 36-month contract is expected to be awarded […]

BAE Systems in partnership with the Anniston Army Depot (ANAD) yesterday said it is refurbishing 440 M113A2 armored personnel carriers for Iraq through a foreign military sales (FMS) contract worth […]

After another strong year generating free cash flow and pretty much more of the same expected in 2012, L-3 Communications [LLL] Tuesday evening said it will increase its quarterly cash […]

Italy’s Finmeccanica this week said that R. Scott Rettig, who is chairman and CEO of its AgustaWestland North America subsidiary, has been appointed to the same job overseeing its OTO […]

Navistar Defense LLC [NAV], Indigen Armor and SAIC [SAI] Tuesday said they will team for the coming U.S. Special Operations Command (SOCOM) Ground Mobility Vehicle 1.1 (GMV 1.1) program. The […]

The executive branch has options for dealing with the potential “sequestration” cuts, which could lead to $1 trillion in long-term reductions to Pentagon plans, beyond making across-the-board cuts to all […]

It is unclear whether a new law that President Obama is expected to sign that is expected to make it easier for airports in the United States to opt out […]

The U.K. yesterday revealed changes to U.K.export licensing would allow the immediate suspension of export licenses to countries that experience a sharp deterioration in security or stability. Foreign Secretary William […]

Northrop Grumman [NOC] and DRS Technologies yesterday said they delivered the first Next Generation Automatic Test System (NGATS) to the  Army. A mobile, rapidly deployable and reconfigurable general purpose Automatic […]