Business/Financial

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, […]

Keeping its options open as it moves forward with testing of a prototype next-generation biological-detection system, the Department of Homeland Security (DHS) has issued a draft Request for Proposals (RFP) […]

The Army awarded Northrop Grumman [NOC] an indefinite delivery, indefinite quantity (ID/IQ) contract to provide force protection systems and components in theater and the continental United States. Northrop Grumman is […]

CACI International [CACI] yesterday said it has completed the repurchase of 4 million shares of its common stock under an accelerated share repurchase agreement that it first announced in conjunction […]