Business/Financial

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 […]

Republican senators fighting potential defense-spending reductions triggered by failed budget negotiations are finalizing legislation that may try to offset initial Pentagon cuts with savings from attrition in the federal workforce. The […]

Boeing [BA] yesterday said it has selected three Canadian firms to receive the first group of work packages for in-service support of 15 Boeing CH-47F Chinook helicopters, designated CH-147F for […]

Northrop Grumman [NOC] yesterday said it received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) in Afghanistan and Iraq. […]

Sweden and Hungary yesterday signed a new contract to continue operating Gripen fighter aircraft another 10 years, until 2026. Saab, a Swedish defense and security company, said Hungary made the […]

Lockheed Martin [LMT] yesterday said it received contracts totaling $921 million for hardware and services associated with the combat-proven Patriot Advanced Capability-3 (PAC-3) Missile Segment program.  The contract, issued by […]

Two Sandia National Laboratories engineers have invented and patented a self-guided bullet that could help warfighters, and now want a private company partner to complete prototype testing and bring a […]

Finmeccanica’s Alenia North America Inc., yesterday said it appointed Alan Calegari as its Chief Executive Officer. “Alenia North America will continue to grow under the direction of Alan in the […]