Business/Financial
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Business/FinancialNorthrop Grumman Nabs Potential $1.1 Billion Award For DHS Classified Networks
By Calvin Biesecker Northrop Grumman [NOC] yesterday said it has received a potential seven year, $1.1 billion task order from the General Services Administration to continue operating a secure data […]
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Business/Financial
Teledyne Acquires Majority Stake In Small IR Camera Firm
Seeking to bolster its offerings and capabilities in the infrared (IR) camera space, Teledyne Technologies [TDY] on Friday said it has acquired a majority interest in Nova Sensors, which designs […]
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Business/Financial
Kratos Closes In On Acquisition of Herley
Kratos Defense & Security Solutions [KTOS] this week said the waiting period required under the Hart-Scott-Rodino Antitrust Act with respect to its pending acquisition of Herley Industries [HRLY] has expired, […]
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Business/Financial
Northrop Grumman Approves Spin-off of Shipbuilding Business Pending SEC Approval
By Calvin Biesecker Northrop Grumman [NOC] yesterday said its board of directors has approved the spin-off of its shipbuilding operations to company stockholders subject to final approval from the Securities […]
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Business/Financial
Harris Realigns Business Segments To Include Focus On Integrated Network Solutions
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. […]
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Business/Financial
Langstaff Appointed New CEO of TASC
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 […]
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Business/Financial
Private Equity Firm Ares To Acquire GTEC
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 […]
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Business/Financial
TSA Selects Three Providers for Aviation Channeling Services
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 […]
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Business/Financial
GD Boosts Dividend
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. […]
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Business/Financial
Intel Completes Acquisition of McAfee
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 […]