Business/Financial

The heads of a Senate panel called yesterday for examining alternatives to the F-35 Joint Strike Fighter as Pentagon officials acknowledged the program’s current costs are too high. Pentagon acquisition […]

The engineering, construction and technical services firm URS Corp. [URS] this week said it has agreed to acquire federal information technology (IT) services provider Apptis Holdings, Inc., for $260 million […]

By Calvin Biesecker An unfavorable pension adjustment combined with a charge related to a border security program for the United Kingdom led Raytheon [RTN] to post a double-digit drop in […]

By Calvin Biesecker Boeing [BA] yesterday posted higher net income in the first quarter due to sharply lower tax expenses and sales fell slightly on a drop in revenues from […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong first quarter earnings despite weaker sales due to income from its pension assets, operating segments and from its former shipbuilding unit […]

By Calvin Biesecker General Dynamics [GD] yesterday reported a modest rise in net income in the first quarter amid a scant increase in sales as three of its four segments […]

L-3 Communications [LLL] yesterday said its board of directors has authorized a new $1.5 billion share repurchase program in effect through April 30, 2013. The share repurchase program is in […]

By Emelie Rutherford Senate Republicans are railing against a potential White House mandate for companies to disclose their political campaign contributions before being considered for government contracts. A draft of […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday posted slightly lower net income in its first quarter due to a loss to two former business units, although earnings from continuing operations […]

By Calvin Biesecker Britain’s Chemring Group PLC last week said it has conditionally agreed to acquire the North Carolina-based Chemical, Biological and Explosives (CBE) operation from General Dynamics‘ [GD] Armament […]