Business/Financial
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Business/FinancialGD 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 […]
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Business/Financial
Budget A Top Issue As Defense Industry Leaders Set To Meet SECDEF
The defense budget will likely be top of the list of topics Aerospace Industries Association (AIA) President and CEO Marion Blakey and members of the association’s Executive Committee are expected […]
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ArmyArmy Moving Out To Implement Acquisition Reform
The Army is moving forward smartly to implement most of the acquisition reform recommendations by the most recent committee to grapple with the process–the Decker Wagner acquisition report. Principal Military […]