Business/Financial

Curtiss-Wright [CW] on Friday said it has acquired Ireland-based ACRA Control, Ltd., a designer and producer of data acquisition technology and telemetry ground stations for commercial aerospace and defense customers. […]

European Aeronautic Defence And Space Co. (EADS) yesterday said its Astrium subsidiary has entered into an agreement to acquire Vizada from Apax France, a French private equity fund and the […]

The Transportation Security Administration (TSA) has awarded Morpho Detection, Inc. (MDI), a potential four-year, $466.6 million contract to provide performance based logistics on the agency’s fleet of explosives detection systems […]

An investigation into a single cyber attacker that has launched a series of persistent attacks beginning in 2006, if not earlier, and is still ongoing, shows a diverse group of […]

Defense Secretary Leon Panetta pledged yesterday to fight against significant Pentagon funding reductions in a second round of government spending cuts a new committee will weigh later this year under […]

President Barack Obama signed into law yesterday a debt-reducing bill that cleared the Senate earlier in the day despite objections of some Republicans concerned about hundreds of billions of dollars […]

President Barack Obama said yesterday he will nominate Pentagon acquisition czar Ashton Carter to replace Bill Lynn as the deputy secretary of defense. The tapping of Carter for the Pentagon’s […]

Hawkish lawmakers skeptically assessed yesterday the deficit-reduction deal the White House and congressional leaders reached Sunday, which could cut defense-related spending by $850 billion or more over the next decade. The […]

The Transportation Security Administration (TSA) has awarded three contracts to L-3 Communications [LLL], Lockheed Martin [LMT] and Boeing [BA] totaling up to $483 million for maintenance, upgrades and installation of […]

Responding to changing market conditions and relatively new conflict of interest rules, L-3 Communications [LLL] yesterday said it will spin-off the majority of its Government Services segment into a $2 […]