Business/Financial

Harris Corp. [HRS] yesterday said it has realigned its business segments to improve market focus and to address the government and commercial markets for integrated communications and information technology services. […]

TASC said yesterday that its board of directors has appointed David Langstaff, the company’s current chairman, to be president and CEO effective next Monday, March 14. Langstaff, 56, will succeed […]

The private equity firm Ares Management LLC last Thursday said it has agreed to acquire Global Defense Technology & Systems, Inc. [GTEC] in a deal valued at $315 million, adding […]

The Transportation Security Administration (TSA) has selected the American Association of Airport Executives (AAAE), L-1 Identity Solutions [ID] and Telos to provide aviation channeling services related to employees in the […]

General Dynamics [GD] yesterday said its board of directors has approved a 12 percent increase to the company’s quarterly dividend to 47 cents per share, payable on May 6, 2011. […]

Intel Corp. [INTC] yesterday said it has completed its nearly $8 billion acquisition of McAfee, Inc., boosting the importance of security as part of the computer chip designer and manufacturer’s […]

Northrop Grumman [NOC] on Friday said that its Huntington Ingalls Industries (HII) shipbuilding subsidiary plans to offer up to nearly $1.2 billion in bonds and obtain up to nearly $1.1 […]

Canada’s CAE [CAE] on Friday said its United States-based division has acquired the Technology Assisted Learning (TAL) business unit of RTI International, giving it capabilities in land simulation and training […]

Lockheed Martin [LMT] on Tuesday said it has agreed to sell its Pacific Architects and Engineers (PAE) business unit to the private equity firm Lindsay Goldberg, LLC. Terms of the […]

Britain’s BAE Systems has completed its acquisition of the intelligence services businesses of L-1 Identity Solutions [ID], clearing a hurdle for the conclusion of the sale of the rest of […]