Business/Financial

The Coast Guard last week awarded small contracts to four firms for each to deliver a boat as part of a competitive evaluation under the Cutter Boat Over-The-Horizon-IV (CB-OTH-IV) program. […]

PRV Aerospace last week acquired Quality Forming, Inc., boosting its capabilities in forming and adding new defense programs to its mix. Terms of the deal were not disclosed. PRV is […]

Defense secretary nominee Leon Panetta said yesterday he would consider having contractors share in the cost of overbudget weapons, supports current ship-and-aircraft building goals, and is gravely concerned about cybersecurity. […]

3M [MMM] on Wednesday evening said it has agreed to acquire Advanced Chemistry & Technology, Inc. (AC TECH), a manufacturer of sealants for aerospace applications, boosting its presence in the […]

The engineering and services firm Electronic Consulting Services Inc. (ECS) last month acquired OAK Management, boosting its capabilities in the federal maritime sector. Terms of the deal were not disclosed. […]

Defense watchers will seek insight during Leon Panetta’s confirmation hearing today into how he would treat weapon systems and industry as defense secretary, though the Washington insider offers few details […]

After canceling a potential $2.6 billion contract it had previously awarded to Northrop Grumman [NOC], the General Service Administration (GSA) on Monday evening selected General Dynamics [GD] to provide the […]

MCR LLC, a small firm specializing in services across a program’s life-cycle, said this week that it has acquired another small professional services firm, JB&A, Inc., in a deal that […]

General Dynamics [GD] yesterday said its board of directors has authorized the repurchase of an additional 10 million shares of the company’s stock. Earlier this year, GD’s board authorized the […]

General Dynamics [GD] over the weekend said it has resumed flight-testing of the Gulfstream G650 business jet following the April 2 crash of a flight-test aircraft that killed four people. […]