Business/Financial

Despite lower operating earnings and sales, General Dynamics [GD] yesterday managed a 1 percent increase in its net income in the second quarter due to lower net interest expense and […]

Boeing [BA] yesterday reported strong second quarter financial results driven by sales growth at its Commercial Airplanes segment and margin improvements at the commercial and defense segments. “Strong operational performance […]

Owing to a tough comparison versus a year ago when it benefited from a $298 million tax benefit, Northrop Grumman [NOC] yesterday posted a steep decline in net income in […]

Lockheed Martin [LMT] yesterday posted a gain in its earnings from continuing operations in the second quarter due to higher profits in each of its operating segments while sales increased […]

CACI International [CACI] on Monday evening said it has agreed to acquire Paradigm Holdings, Inc. [PDHO], a small provider of cyber security and forensics, and enterprise information technology (IT) solutions […]

France’s Safran yesterday said it has completed its $1.1 billion acquisition of L-1 Identity Solutions making it the “world leader in biometric identity solutions.” L-1 is being renamed MorphoTrust and […]

General Dynamics [GD] yesterday said it has completed its acquisition of secure wireless network equipment maker Fortress Technologies, giving it wireless local area networking capabilities for tactical battlefield applications. Terms […]

Boeing [BA] has received a $4.4 million contract from a Pennsylvania county to design, integrate and install a surveillance system for a 14-mile stretch of the Delaware River near Philadelphia […]

The Obama administration is poised to propose legislation that would create a new export-control licensing entity, a senior official said yesterday. The draft bill, if approved by Congress, would bring […]

Over 60 percent of executives in the aerospace and defense industry (A&D) say their companies will be part of a merger or acquisition in the next two years and many […]