Business/Financial
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Business/FinancialDebt Charge Lowers L-3’s Earnings As Sales Edge Down
By Calvin Biesecker L-3 Communications [LLL] yesterday posted lower net income in the first quarter due to lower operating profits and slightly lower sales, although the company raised its earnings […]
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Business/Financial
Textron Swings To Profit On Higher Sales, Less Charges
By Calvin Biesecker Textron Inc. [TXT] yesterday swung to a profit in the first quarter due to lower charges, higher sales and improved operating results at its Bell and Industrial […]
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Business/Financial
UTC Notches Strong First Quarter, Raises Earnings Guidance For Year
By Calvin Biesecker United Technologies Corp. [UTX] yesterday opened its fiscal year on a high note, posting double-digit earnings and sales gains and the diversified industrial firm raised its earnings […]
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Business/Financial
Morpho Detection To Acquire Technology Development Firm Syagen
By Calvin Biesecker Morpho Detection yesterday said it has agreed to acquire Syagen Technology, Inc., a company with expertise in developing mass spectrometry-based technologies for security applications. Terms of the […]
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Business/Financial
Obama’s Call For $400 Billion In DoD Cuts Spurs Skepticism, Praise On Hill
By Emelie Rutherford President Barack Obama’s call yesterday to cut $400 billion in defense spending by 2023 after reassessing the role of the U.S. military has generated skepticism among some […]
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Business/Financial
Curtiss-Wright Completes Deal For BASF’s Surface Technologies Unit
Curtiss-Wright Corp. [CW] this week said it has completed its acquisition of the assets of German chemical manufacturer BASF Corp.‘s Surface Technologies business, expanding its capabilities in coatings technology. Terms […]
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Business/Financial
Marinette Marine Gets $22 Million Award For More Response Boat-Mediums
The Coast Guard has awarded Marinette Marine a $21.9 million contract for 10 additional Response Boat-Medium (RB-M) craft slated to begin delivery in the fourth quarter of 2012. So far […]
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Business/Financial
Curtiss-Wright Acquires Ground Support Vehicle Supplier
Curtiss-Wright Corp. [CW] this week said it has acquired Britain-based Douglas Equipment Ltd., a supplier of ground support vehicles to defense and commercial aviation markets, for $20 million in cash. […]
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Business/Financial
GTEC Changes Name To Sotera Defense Solutions
In conjunction with the closing of its acquisition of Global Defense Technology & Systems (GTEC) yesterday, the private equity firm Ares Management has changed the name of the company to […]
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Business/Financial
Lockheed Martin Completes Sale of PAE Unit To Private Equity Firm
Lockheed Martin [LMT] yesterday said that it has completed the divestiture of its Pacific Architects and Engineers (PAE) business unit to the private equity firm Lindsay Goldberg, LLC. Terms of […]