Business/Financial
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Business/FinancialGD 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. […]
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Business/Financial
Commercial Business, R&D Tax Credit Extension Trigger Financial Gains At Rockwell Collins
By Calvin Biesecker Rockwell Collins [COL] yesterday posted strong first quarter financial results driven primarily by higher sales and operating earnings at its business that supports commercial aircraft as well […]
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Business/Financial
Mercury Computer Acquires Defense Electronics Firm LNX
Mercury Computer Systems [MRCY] this month acquired LNX Corp., a developer and producer of defense electronics components used in intelligence gathering platforms, for $31 million in cash. Terms of the […]
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Business/Financial
Northrop Grumman Awarded $89 Million Long-Lead Contract For Fifth NSC
The Coast Guard has awarded Northrop Grumman [NOC] an $89 million contract for long-lead materials for the fifth 418-foot Legend-class National Security Cutter (NSC), which is scheduled to be delivered […]
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Business/Financial
Cobham Acquires German Firm That Makes Bomb Disposal Robots
Britain’s Cobham plc yesterday said it has acquired Germany’s Telerob GmbH, a privately-owned manufacturer of bomb disposal robots and threat response vehicles, for $105 million cash. The ground robots are […]
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Business/Financial
Meggitt To Acquire Danaher’s Aerospace Business For $685 Million
Britain’s Meggitt Plc has agreed to acquire Danaher Corp.‘s [DHR] Pacific Scientific Aerospace business for $685 million, boosting its presence in key commercial aerospace programs and on defense programs. Pacific […]
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Business/Financial
Textron’s AAI Business Separates Into Three Operating Units
Textron, Inc. [TXT] said yesterday that its AAI business unit is separating into three businesses to improve efficiency and better support their respective customers. AAI, which is part of Textron […]
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Business/Financial
Saab Plans To Expand U.S. Presence
By Calvin Biesecker Through a combination of organic growth, direct sales, partnering and acquisitions, Sweden’s Saab plans to significantly expand its presence in the United States, capitalizing on the world’s […]
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Business/Financial
In Transition Year, ITT Defense Chief Says Business Segments Won’t Lose Focus
By Calvin Biesecker As ITT Corp. [ITT] prepares to break-up the multi-national conglomerate into three separate publicly traded companies, the head of the new defense company that will emerge from […]