Business/Financial
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Business/FinancialCACI Posts Record Quarterly Financial Results
CACI International [CACI] yesterday reported record quarterly income and sales due to strong operating performance, cost controls and growth in its core areas. Net income in the company’s second quarter […]
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Business/Financial
TSA’s Pistole Won’t Expand Airport Security Privatization Program
Transportation Security Administrator John Pistole last week decided against expanding a program that allows the nation’s airports to opt-out of using federal security screeners in favor of privatized screeners, saying […]
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Business/Financial
Raytheon Completes Purchase of Applied Signal Technology
Raytheon [RTN] yesterday said it has completed its acquisition of Applied Signal Technology for $490 million, boosting its capabilities in integrated sensor solutions for intelligence, surveillance and reconnaissance applications. About […]
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Business/Financial
Alcoa To Acquire Aerospace Fastener Business of TransDigm Group
Alcoa [AA] yesterday said it has agreed to acquire the aerospace fasteners business of TransDigm Group for $240 million in a deal aimed at accelerating its growth in the fastening […]
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Business/Financial
Sale of Business Unit Propels Lockheed Martin’s Fourth Quarter Earnings
By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a strong increase in its fourth quarter net income due solely to a gain from the sale of a former business unit. […]
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Business/Financial
Raytheon’s Net Income Drops On Higher Expenses, Loss In Former Business
By Calvin Biesecker Raytheon [RTN] yesterday said its fourth quarter sales edged up slightly but that pension expense, a charge related to early debt retirement and a loss from discontinued […]
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Business/Financial
L-3 Posts Higher Earnings And Sales
L-3 Communications [LLL] yesterday reported higher fourth quarter net income and sales, driven by a lower tax rate, improved margins and revenue from acquisitions. Net income increased 18 percent to […]
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Business/Financial
Earnings, Sales Fall In Fourth Quarter At Boeing
By Calvin Biesecker Higher pension and research and development (R&D) expenses, fewer commercial and military aircraft deliveries, and less work on military upgrade and logistics programs drove a decline in […]
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Business/Financial
GD Finishes 2010 With Strong Fourth Quarter
By Calvin Biesecker General Dynamics [GD] yesterday posted strong fourth quarter results driven by operating gains at each of its segments. Net income rose nearly 19 percent to $729 million, […]
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Business/Financial
BAE To Acquire Provider of Electronic Imaging Systems
BAE Systems yesterday said that it has agreed to acquire Fairchild Imaging, Inc., a developer and manufacturer of solid-state electronic imaging components, cameras and systems, for $86 million in cash. […]