Business/Financial

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 […]

Volvo Group and Finnish defense group Patria yesterday said they have signed a Memorandum of Understanding (MoU) to cooperate to offer the Swedish Defense Materiel Administration (FMV) life-cycle support services […]

The global engineering firm The Berger Group of Companies has acquired Ranger International Services Group (RISG), an aviation, logistics and engineering services company serving the Defense Department, government agencies and […]

The President yesterday sent the the nomination of Heidi Shyu to be the Army’s acquisition chief to the Senate. Shyu has been acting assistant Secretary of the Army (Acquisition, Logistics […]

The Defence Infrastructure Organization (DIO) Friday revealed the four bidders for a potential $1.5 billion new national contract to manage the United Kingdom training property. The companies are: Babcock Support […]

The Transportation Security Administration (TSA) last week awarded separate contracts to L-3 Communications [LLL] and SAIC [SAI] to provide the agency with checked baggage explosive detection systems (EDS) that require […]

A $25 million after tax charge associated with ATK’s [ATK] Thiokol business and lower margins on commercial ammunition led the company yesterday to post lower third quarter earnings while sales […]

CACI International [CACI] on Wednesday reported double-digit increases in income and sales in its second quarter, continuing where it left off after the first quarter. Net income rose 24 percent […]

General Dynamics [GD] Ordnance and Tactical Systems and BAE Systems yesterday said they have teamed to develop, demonstrate and produce the 81mm Roll Controlled Guided Mortar (RCGM), an affordable 81mm […]

Better operating results, pension tailwind and the lack of a hefty charge that hurt earnings a year ago led Northrop Grumman [NOC] to post strong net income in the fourth […]