Business/Financial

The Defense Security Cooperation Agency (DSCA) said the U.S. foreign military sales (FMS) it oversees reached $34.8 billion in Fiscal Year 2011, surpassing the $30 billion mark for the fourth […]

The engineered metal manufacturing business ATW Companies yesterday said it has acquired the gun magazine manufacturing firm Metalform Company, allowing it to expand its portfolio of defense business. Terms of […]

France’s Thales yesterday said it has agreed to acquire Florida-based Tampa Microwave, which specializes in tactical satellite communications (SATCOM) terminals and related products, expanding its capabilities in the wideband SATCOM […]

ATK [ATK] yesterday said it is adding additional responsibilities to two of its corporate executives, Steve Cortese, who heads the company’s operations in Washington, D.C., and Steve Wold, its Treasurer. […]

The Army is conducting market research to find out the state- of- the-art on ground penetrating radar (GPR) that could potentially be used in the service’s next generation handheld landmine/explosive […]

Moving into 2012, a number of important electronic warfare programs are moving forward,  an ITT Exelis [XLS] executive said. “There’s no place I’d rather be in the defense world than […]

A lightweight oxygen generator developed to save lives on the battlefield has won first prize at the U.K. Engineering Technology and Innovation Awards 2011. The award for best collaboration in […]

Raytheon [RTN] yesterday said it has acquired Pikewerks, a small firm that boosts its cyber security capabilities, particularly in the areas of insider threat protection, software protection and forensics. Terms […]

The Government Accountability Office (GAO) late yesterday rejected a protest filed by SAIC [SAI] of the Army awards to teams led by General Dynamics [GD] and BAE Systems for the […]

Sotera Defense Solutions on Friday said it has agreed to acquire Potomac Fusion, Inc., a small information technology services firm that provides customers in the intelligence community and Defense Department […]