Business/Financial
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Business/FinancialITT Expanding Mine Defense Business
ITT Corp. [ITT] yesterday said it is moving its maritime mine defense business into a new 105,000 square foot facility to account for growth in the defense business. The business […]
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Business/Financial
Budget A Top Issue As Defense Industry Leaders Set To Meet SECDEF
The defense budget will likely be top of the list of topics Aerospace Industries Association (AIA) President and CEO Marion Blakey and members of the association’s Executive Committee are expected […]
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ArmyArmy Moving Out To Implement Acquisition Reform
The Army is moving forward smartly to implement most of the acquisition reform recommendations by the most recent committee to grapple with the process–the Decker Wagner acquisition report. Principal Military […]
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Business/Financial
HII Receives $482 Million Contract For Fifth National Security Cutter
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. […]
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Business/Financial
ATK Moving Corporate HQ To Northern Virginia
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 […]
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Business/Financial
Aviation, Cargo Security Equipment Manufacturers Form Advocacy Coalition
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 […]
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Business/Financial
Elbit, Embraer Establish Joint Company In Brazil
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 […]
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Business/Financial
L-3 Nabs $45 Million TSA Award For Next Batch Of Whole Body Screeners
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 […]
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Business/Financial
Raytheon Forms New Security Business Line Within Network Centric Systems
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 […]
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Business/Financial
CACI Pays $62 Million For Paradigm Holdings
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 […]