Business/Financial
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Business/FinancialSun Capital Partners Follows Up Paraclete Acquisition With Purchase Of Point Blank Solutions
The private investment firm Sun Capital Partners yesterday said it has acquired the protective body armor firm Point Blank Solutions, Inc., adding another company to its ballistics protection portfolio. Terms […]
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Business/Financial
Cobham Completes Acquisition Of Trivec-Avant
Britain’s Cobham yesterday said it has completed its purchase of satellite communications technologies for $126 million in cash. The deal, which was first announced in September, has an earn out […]
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Business/Financial
GD Completes Purchase of Virginia-Based Ship Repair Firm
General Dynamics [GD] yesterday said it has completed its purchase of the Norfolk, Va.-based naval ship repair company Metro Machine Corp., giving it an opportunity for additional work maintaining and […]
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Business/Financial
HASC Panel: Audits Major Industry Complaint
Members of a new House panel charged with finding ways to help companies contract with the Pentagon said government auditing requirements are a major frustration for smaller defense contractors. While […]
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Air ForceIndia Would Spend More Than $1 Billion On C-130J Aircraft
The Defense Security Cooperation Agency (DSCA) notified Congress Oct. 26 of a possible Foreign Military Sale to India for six Lockheed Martin [LMT] C-130J aircraft and associated equipment, parts, training […]
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Business/Financial
Higher Taxes, Lower Operating Income Send Raytheon’s Net Earnings Tumbling
Raytheon [RTN] yesterday posted sharply lower net income in its third quarter due to higher taxes and lower operating income in its business segments, although results easily beat consensus estimates […]
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Business/Financial
ManTech To Acquire Small Federal IT Firm
ManTech International [MANT] yesterday said it has agreed to acquire Maryland-based Worldwide Information Network Systems, Inc. (WINS) for $90 million in cash on hand, boosting capabilities in information technology (IT) […]
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Business/Financial
GD’s Third Quarter Income Flat As Sales Ebb
General Dynamics [GD] yesterday said its net income in the third quarter remained level despite a slight dip in sales as the company continues to aggressively manage costs and find […]
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Business/Financial
Boeing’s Profits Soar On Strong Performance In Defense And Commercial Businesses
Despite modest growth in sales, Boeing [BA] yesterday posted strong third quarter earnings driven by improved performance in its defense business and to a lesser extent its commercial aircraft operations. […]
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Air Force
Lockheed Martin Facing $1.2 Billion In F-35 Termination Liabilities
If the Defense Department fails to provide additional funding for the F-35 fighter program as the fifth production lot, aircraft prime contractor Lockheed Martin [LMT] would face a $1.2 billion […]