Business/Financial
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Business/FinancialITT Separates Into Three Publicly Traded Companies
ITT Corp. [ITT] yesterday said its board of directors has unanimously approved a plan to separate the company’s businesses into three distinct, publicly traded companies. Under the plan, ITT would […]
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Business/Financial
Marine Corps Humvees, MPCs Would Benefit From EFV Cancellation
By Emelie Rutherford The Pentagon wants to invest some of the money it hopes to save by canceling the Expeditionary Fighting Vehicle (EFV) in vehicles including the Humvee and Marine […]
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Business/Financial
New Defense Law Aims To Grow Defense Industrial Base
By Emelie Rutherford The policy-setting defense authorization law President Barack Obama signed late last Friday calls for the Pentagon to work to expand the defense-industrial base and consider securing the […]
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Business/Financial
L-3 Acquires Commercial Vessel Safety Supplier, Divests Infrared Business Unit
L-3 Communications [LLL] yesterday said it has acquired Germany-based FUNA International, GmbH, a supplier of control, safety, communications and entertainment systems for cruise ships, ferries and mega yachts. The company […]
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Business/Financial
Curtiss-Wright Acquires Firm With Motion Control Products
Curtiss-Wright [CW] last week said it has acquired Predator Systems Inc. (PSI) for $13.3 million, expanding its capabilities in motion controls for ground defense, ordnance guidance and aerospace applications. PSI […]
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Business/Financial
DRS And Thales Joint Venture Acquire Sonar Systems Firm
DRS Sonar Systems, LLC, a joint venture between DRS Technologies and France’s Thales, has acquired the sonar systems firm Advanced Acoustic Concepts (AAC), giving it a full sonar integration capability […]
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Business/Financial
Former GD Combat Systems Chief Charles Hall Takes Over At AM General
AM General said last week that it has hired Charles Hall, a former executive with General Dynamics [GD], to become its new president and CEO, succeeding James Armor, who will […]
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Business/Financial
Esterline Acquires Airborne ISR Component Maker Eclipse Electronic Systems
By Calvin Biesecker Esterline Corp. [ESL] this week said it has acquired Eclipse Electronic Systems, a designer and producer of lightweight receivers used in signals and communications intelligence in manned […]
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Business/Financial
Sourcefire Acquires Firm That Provides Anti-Virus Software For Cloud Computing
Cyber Security firm Sourcefire [FIRE] yesterday said that it has acquired Immunet, a provider of cloud computing-based anti-malware products, that extends the company’s real-time detection and prevention cyber security solutions […]
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ArmyCubic To Acquire Supply Chain Management Consulting Firm
Adding to its expertise in supply chain and logistics management, Cubic Corp. [CUB] yesterday said that it has agreed to acquire the supply chain management consulting firm XIO Strategies, Inc., […]