Business/Financial
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Business/FinancialCACI Closes Acquisition of Pangia Technologies
CACI International [CACI] last Friday said it has completed its acquisition of Pangia Technologies, boosting its capabilities in cyber security and expanding its presence with the intelligence community. Terms of […]
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ArmyIcahn Acquires Nearly 10 Percent Stake In Oshkosh
Private equity investor and sometimes corporate raider Carl Icahn has acquired a 9.5 percent stake in Oshkosh Truck Corp. [OSK], the diversified manufacturer of commercial, defense and emergency trucks and […]
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Air ForceAir Force Academy Selects Cirrus SR20 For Airmanship Training Program
The Air Force Academy has selected the Cirrus Aircraft SR20 single-engine turboprop for its Powered Flight Program to meet airmanship training requirements. The Air Force has awarded Cirrus a $6.1 […]
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Business/Financial
J.F. Lehman Acquires Small Firm That Furnishes Marine Vessels
The private equity firm J.F. Lehman & Co. last week said it has acquired US Joiner LLC, a small firm that furnishes government and commercial maritime vessels. Terms of the […]
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Business/Financial
CBO: DoD’s Long-term Spending Estimates Too Optimistic
The Congressional Budget Office (CBO) is warning that the Pentagon’s budget plans would cost $25 billion more than estimated in five years and $31 billion more in 10 years. The […]
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Business/Financial
CACI Boosts FY ’11 Earnings Guidance On Operational Performance
Crediting strong operational, CACI International [CACI] on Wednesday raised its earnings guidance for its fiscal year that ended yesterday, adding that it will post a double-digit gain in earnings for […]
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Business/Financial
Lockheed Martin To Cut 1,500 Jobs At Aeronautics
Lockheed Martin [LMT] yesterday said it plans to eliminate 1,500 jobs at its Aeronautics business area to improve the affordability of its products and boost operational efficiencies. The pending job […]
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Business/Financial
Industry, Hill Clash Over Contractor Performance Data
Lawmakers and the defense industry are clashing over the handling of company information in databases the Pentagon refers to when making contract decisions. The use of such data repositories has […]
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Business/Financial
Panel Approves Extension Of Anti-Terror Law For Chemical Facilities
The Senate Homeland Security and Governmental Affairs Committee on Wednesday approved a three-year extension of regulations that enable the Department of Homeland Security to oversee compliance by high-risk chemical facilities […]
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Business/Financial
Raytheon Integrated Defense Systems Driven By People, Execution And Growth, Exec Says
Faced with an uncertainties in the global environment and the defense budget, Raytheon’s [RTN] Integrated Defense Systems (IDS) business is focused on execution, growth and people, the sector president said. […]