Business/Financial

Sweden’s defense and security company Saab AB yesterday said it has agreed to acquire United States-based sensor firm Sensis Corp., in a deal that combines complementary capabilities in air traffic […]

The four firms under contract with NASA to help develop a commercial space transportation industry have met initial milestones for their crew-transport systems as of this month, the space agency […]

As Congress and the White House remain gridlocked over budget negotiations, President Barack Obama suggested yesterday that further Pentagon budget cuts are needed beyond the $400 billion he already recommended. […]

Israel’s Plasan yesterday said it has acquired a small United States-based developer and manufacturer of composite materials for defense and automotive applications in a deal that boosts its capacity for […]

Ducommun Inc. [DCO] yesterday said it has completed its $338 million acquisition of LaBarge, Inc., boosting its size as a supplier of structural and electronic assemblies to the aerospace and […]

Lawmakers and the defense industry want to tweak a new law intended to grant the Pentagon rights to technical data underlying weapons programs so multiple companies can build the systems. […]

Raytheon [RTN] yesterday broke ground for a new approximately $70 million missile integration facility on Redstone Arsenal in Huntsville, Ala. When it is completed, the facility will provide final assembly […]

Lockheed Martin [LMT] yesterday confirmed that it is moving the head of its Mission Systems and Sensors (MS) business unit to help with the high level management of its F-35 […]

TASC, Inc., yesterday said it has formed a new Naval Programs unit to better support its Navy customers and that the business will be led by Thomas Kilcline, a retired […]

U.K.-based Dytecna Ltd has made the decision to divest its interest in Dytecna Asia Pacific Pty Ltd in Melbourne, Australia, effective immediately. Systems engineering firm Dytecna said it invested more […]