Business/Financial
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Business/FinancialNorthrop 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 […]
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Business/Financial
ITT 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 […]