Business/Financial

The Coast Guard on Friday said it has awarded Huntington Ingalls Industries [HII] a $482 million contract to construct the fifth Legend-class National Security Cutter (NSC), to be named James. […]

To bolster its access to its key customers, namely the Defense Department and NASA, ATK [ATK] yesterday said it is relocating its corporate headquarters to Arlington, Va., next month from […]

The leading security equipment manufacturers with operations in the United States have formed a coalition organized by the Airport Consultants Council (ACC) to advocate for adequate government funding, increased transparency […]

Israel’s Elbit Systems [ELST] and Brazil’s Embraer yesterday announced the establishment of a joint company based in Brazil that will be focused on unmanned aircraft systems (UAS), avionics systems and […]

The Transportation Security Administration (TSA) yesterday said it has awarded L-3 Communications [LLL] a $44.8 million contract to supply it with 300 new whole body imaging machines equipped with threat […]

To better focus its efforts on public safety and security, Raytheon [RTN] yesterday said that its Network Centric Systems (NCS) division has created a new business line that combines the […]

CACI International [CACI] last week completed its acquisition of the information technology solutions firm Paradigm Holdings, disclosing that it paid $61.5 million for the small publicly traded company. Paradigm provides […]

Industry groups are calling on President Barack Obama to protect aerospace and defense positions as he prepares a job-generating plan and lawmakers prepare to weigh more Pentagon budget cuts. The Aerospace […]

SAIC [SAI] on Wednesday posted lower sales and earnings in its second quarter due to the challenging federal spending environment facing the government contractor community. Net income fell 6 percent […]

The defense business environment is changing, confusing, and prior models don’t offer a clear path forward, so defense companies should reevaluate their strategic models, a senior analyst said. Marty Bollinger, […]