Business/Financial
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Business/FinancialLockheed Martin Boosts Dividend, Share Repurchase Authority
Lockheed Martin [LMT] yesterday boosted its quarterly dividend by 33 percent and authorized up to an additional $2.5 billion in stock repurchases under its stock buy back program. The company’s […]
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Business/Financial
Think Tank Calls For Paring Defense Industry
A think tank is proposing that Pentagon choose up to seven parts of the U.S. defense-industrial base to sustain and then to “ruthlessly” slough off the remaining aspects. The non-partisan Center […]
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Business/Financial
GD To Acquire East Coast-Based Ship Repair Firm Metro Machine
Expanding its ship repair business to a new location, General Dynamics [GD] yesterday said it has agreed to acquire the Norfolk, Va.-based surface ship repair company Metro Machine Corp. Terms […]
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Business/Financial
Survey Says Most Executives Remain Confident In Their Firm’s Information Security Activities
A solid majority of aerospace and defense executives surveyed continue to be confident in the information security activities of their companies and companies now are more aware of cyber threats, […]
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Business/Financial
New House Panel Probes Defense Industry Risks
A new House panel focused on helping companies contract with the Pentagon during its inaugural hearing yesterday examined risks the industry faces. Rep. Bill Shuster (R-Pa.), chairman of the House […]
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Business/Financial
JR DIG
Top Gates Aide To Lockheed Martin. Robert Rangel, a top adviser to former Defense Secretary Robert Gates, has taken a job at Lockheed Martin, the company says. Rangel has joined the […]
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Business/Financial
BAE Systems Sells Ceramics Business To CoorsTek
CoorsTek yesterday said it has acquired the advanced ceramic facilities of Britain’s BAE Systems‘ California-based Vista unit, giving the company additional manufacturing space for technical ceramics. CoorsTek paid $7 million […]
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Air ForceGAO: DoD Plan In Place For Meeting Audit Goals But Path Forward Remains Cloudy
In the past year the Defense Department’s comptroller’s office has created a plan for having the military services and defense agencies achieve financial audit readiness goals but details for implementing […]
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Business/Financial
Defense Industry Launches Offensive Against More Cuts
Defense and aerospace companies launched an all-out offensive yesterday against any additional Pentagon budget cuts by a committee charged with reducing the federal deficit. Marion Blakey, president and chief executive […]
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Business/Financial
ITT Expanding Mine Defense Business
ITT Corp. [ITT] yesterday said it is moving its maritime mine defense business into a new 105,000 square foot facility to account for growth in the defense business. The business […]