Business/Financial

President Barack Obama said last Friday he stands by his desire to slash “hundreds of billions” more in longterm defense spending than his previous goal of a $400 billion cut […]

ITT Corp. [ITT] yesterday said it the name for the future defense company that will result from the spin-off this year of its defense operations will be ITT Exelis and […]

The Pentagon’s first-ever cybersecurity strategy calls for strengthening defenses and reducing incentives for attacks, outgoing Deputy Defense Secretary William Lynn said yesterday. The Pentagon released its unclassified Department of Defense […]

Outgoing Deputy Defense Secretary William Lynn is expected to unveil information about the Pentagon’s first-ever cybersecurity strategy this Thursday. Lynn will discuss the plan during a speech and the Pentagon […]

ITT Corp. [ITT] yesterday said that the break-up of the company into three separately traded public companies remains on track to close this year but won’t have a more definitive […]

Precision Castparts Corp. [PCP] on Sunday said it has agreed to acquire Primus International for $900 million in cash in a move to significantly expand its position supplying aerostructures to […]

TASC Inc. and the International Council on Systems Engineering (INCOSE) yesterday said they have signed an agreement to promote INCOSE’s certifications to qualified TASC engineers.    Under the agreement, TASC […]

Reprogramming Rundown. The Pentagon’s $5 billion omnibus reprogramming request, dated June 30 and now before Congress, seeks to shift money for varied vehicle efforts including $51 million for 14 more […]

Oshkosh Corp.’s [OSK] Oshkosh Specialty Vehicles (OSV) yesterday said it completed the move of its manufacturing, engineering and product development operations to Clearwater and Bradenton, Fla.  Both facilities are ISO […]

Lockheed Martin [LMT] yesterday said its Information Systems & Global Solutions (IS&GS) business area has received ISO 20000 certification for its information technology (IT) services and solutions, completing an effort […]