Business/Financial

By Calvin Biesecker Despite its surprising announcement on Tuesday that it plans to exit the shipbuilding business, Northrop Grumman [NOC] yesterday said its shipbuilding operations can increase revenues and have […]

By Geoff Fein While the decision by Northrop Grumman [NOC] to consolidate almost all of its Gulf Coast shipbuilding work in Pascagoula, Miss., left a lot of unanswered questions, the […]

The Department of Homeland Security (DHS) Science and Technology (S&T) Directorate, Human Factors Division, has awarded a research and development contract to L-1 Identity Solutions [ID] for next-generation technology for […]

Faced with the need to consolidate its Gulf Coast shipbuilding operations and a shipbuilding business that increasingly isn’t aligned with its long-term strategic priorities, Northrop Grumman [NOC] yesterday said it […]

By Geoff Fein Even with the concern over dwindling defense budgets and the high cost of putting satellites into orbit, the director of the National Geospatial-Intelligence Agency (NGA) sees the […]

BAE Systems yesterday said it has completed its acquisition of four shipyards of Atlantic Marine from the private equity firm J.F. Lehman & Co. for $352 million in cash. The […]

Northrop Grumman [NOC] yesterday said it will purchase a building in the city of Falls Church, Va., as its new corporate headquarters beginning next summer. The defense company, which is […]

By Geoff Fein Lockheed Martin‘s [LMT] effort to enable submarines to have two-way communications at speed and depth cleared critical design review (CDR) earlier this month and will move to […]

By Calvin Biesecker Boeing‘s [BA] pending acquisition of cybersecurity software firm Narus, which is based in California but has regional offices around the world, will give it a global presence […]

By Marina Malenic Airbus parent company EADS yesterday filed an 8,800-page proposal to build a new fleet of 179 aerial refueling tankers for the Air Force, a day ahead of […]