Business/Financial

The Obama Administration’s plan to eliminate over $480 billion in planned defense spending over the next 10 years would “cripple” certain defense sectors, forcing the industry to shed skilled workers, […]

The Army yesterday said Jan. 20 is the likely date it plans to release the solicitation for the Joint Light Tactical Vehicle (JLTV) Engineering and Manufacturing Development (EMD) phase. Army […]

President Barack Obama and Pentagon leaders pledged to end “Cold War” weapon systems when discussing the Pentagon’s strategic review yesterday, but shared no details about program cancellations that will be […]

Later this month the Army is expected to issue a sole source solicitation to BAE Systems for work that would restore performance and alleviate issues associated with survivability upgrades required […]

Lawmakers are calling on the Pentagon to report in the near future on a nascent cybersecurity program with the defense industry to assess how to better defend government and critical infrastructure […]

Lockheed Martin’s [LMT] Terminal High Altitude Area Defense (THAAD) sale to the United Arab Emirates (UAE) will make the system more affordable for the U.S. military as budgets tighten, company […]

Raven Industries, Inc. [RAVN], a provider of aerostats for scientific and security applications, yesterday said it has agreed to acquire Vista Research, Inc., a developer of surveillance technology that enhances […]

The Army yesterday said it anticipates issuing a new cost-plus-incentive-fee (CPIF) contract to General Atomics Aeronautical Systems Inc. (GA-ASI) for pre-planned software improvements so additional payloads can be integrated on […]

Mercury Computer Systems [MRCY] last Friday completed its acquisition of defense electronics firm KOR Electronics for $70 million in cash, adding to its sensor processing capabilities. KOR and its subsidiary, […]

Kratos Defense & Security Solutions [KTOS] yesterday said it has acquired select assets of a critical infrastructure and public safety system integration business from an undisclosed large international public company. […]