Business/Financial

Lockheed Martin [LMT] yesterday completed the sale of its Enterprise Integration Group (EIG) business to Veritas Capital for $815 million in cash, shedding the unit to avoid potential conflicts of […]

ManTech International [MANT] yesterday said it has agreed to acquire MTCSC Inc., a provider of C4ISR systems integration, cyber security and network engineering solutions to the U.S. military, for $75 […]

Boeing [BA] yesterday said it has agreed to acquire Summit Aeronautics Group, a small firm that manufactures titanium and other hard metal structures for commercial and military aircraft. Terms of […]

SRA International [SRX] yesterday said it has completed its $90 million acquisition of the software development firm Platinum Solutions, boosting its systems business. SRA, which first announced the deal in […]

Boeing [BA] this week said it has agreed to acquire CDM Technologies, a provider of real-time transportation and logistics planning systems for the U.S. military, adding to capabilities the company […]

Cubic Corp. [CUB] yesterday said it has agreed to acquired Abraxas Corp., a provider of risk mitigation and subject matter expertise in the national security and cyber security arenas, for […]

By Calvin Biesecker The federal government continues to procure more work from professional services firms in terms of federal spending but overall the percentage of spending on these services is […]

Northrop Grumman [NOC] on Friday said it has laid off 380 salaried employees at its shipyard in Newport News, Va., due to the completion of major milestones on existing contracts, […]

Kaman Corp. [KAMN] last week said it has agreed to acquire Global Aerosystems, LLC, a provider of aerostructure engineering design analysis and Federal Aviation Administration certification services to the aerospace […]

Britain’s AEA Technology Group plc this week said it has acquired Eastern Research Group (ERG), an environmental and health and safety consulting firm that is expanding its presence in the […]