Business/Financial
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Business/FinancialGTSI To Acquire Federal IT Consulting Firm InSysCo
GTSI Corp. [GTSI] yesterday said it has acquired the federal information technology (IT) consulting firm Information Systems Consulting Group, a deal that expands its federal civilian presence and its professional […]
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Business/Financial
Textron Unit In Partnership With AME On Unmanned Systems Development
Textron [TXT] yesterday said that its AAI Unmanned Aircraft Systems business unit and AME Unmanned Systems have entered into a strategic alliance for the development of unmanned systems. The two […]
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Business/Financial
GD To Acquire Healthcare IT Provider Vangent For $960 Million
In a deal that would significantly expand its capabilities in providing healthcare-related information technology (IT) solutions to the federal government, General Dynamics [GD] yesterday said it has agreed to acquire […]
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Business/Financial
Saab Completes Acquisition of Sensis
Sweden’s Saab AB yesterday said it has completed its acquisition of Sensis Corp., marking the company’s first purchase of a company in the United States. The deal was approved by […]
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Business/Financial
Huntington Ingalls Reports Second Quarter Profits
Huntington Ingalls Industries [HII], the largest builder of Navy surface ships, yesterday reported earnings of $40 million for the second quarter of 2011 after suffering losses in the same period last […]
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Air ForceBoeing Looks For Major Boost In International Sales
NEW YORK—Boeing’s [BA] defense arm hopes to more than double the percentage of revenues it gleans from international sales in the coming years, a top executive said yesterday. Jim Albaugh, […]
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Business/Financial
Strong Outlook For Aerospace and Defense Mergers, PwC reports
The second half of 2011 could be "very strong" for mergers and acquisitions in the aerospace and defense industry following a pace in the second quarter that largely resembled 2010 […]
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Air Force
Pratt Military Business Dips As DoD’s F-22, C-17 Programs Near End
NEW YORK—Pratt & Whitney [UTX] is facing some challenges with its military-engine business as Pentagon programs including the F-22 fighter jet and C-17 cargo hauler wind down, a top executive […]
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Business/Financial
Boeing Completes Acquisition of Solutions Made Simple Inc.
Boeing [BA] yesterday said it completed the acquisition of Solutions Made Simple Inc. (SMSi), an information services provider for the U.S. government and the intelligence community. Boeing announced its agreement […]
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Business/Financial
Analysts Examine Numbers Behind Deficit Deal
Defense experts continued yesterday to sort through the numbers behind the current and potential Pentagon budget cuts resulting from the federal-deficit-cutting deal President Barack Obama signed last week. With Congress […]