Business/Financial

Raytheon [RTN] yesterday said it signed a pledge of commitment with Tobyhanna U.S. Army Depot for a public-private partnership to support various electronic and radar systems. Signed by Wayne Iurillo, […]

Facing the same headwinds as other defense companies, Alliant Techsystems [ATK] yesterday reported lower earnings and sales in its first quarter but was able to mitigate the decline in earnings […]

Boeing’s [BA] Insitu subsidiary yesterday said it has introduced a new, man-portable small unmanned aircraft system (UAS) for the public safety market. The short-range Inceptor UAS weighs less than four […]

As the Pentagon enters a time of austerity, defense leaders said they are rethinking weapon systems plagued by cost and schedule problems and looking for a new acquisition chief with […]

Curtiss-Wright [CW] on Friday said it has acquired Ireland-based ACRA Control, Ltd., a designer and producer of data acquisition technology and telemetry ground stations for commercial aerospace and defense customers. […]

European Aeronautic Defence And Space Co. (EADS) yesterday said its Astrium subsidiary has entered into an agreement to acquire Vizada from Apax France, a French private equity fund and the […]

Defense Secretary Leon Panetta pledged yesterday to fight against significant Pentagon funding reductions in a second round of government spending cuts a new committee will weigh later this year under […]

The Transportation Security Administration (TSA) has awarded Morpho Detection, Inc. (MDI), a potential four-year, $466.6 million contract to provide performance based logistics on the agency’s fleet of explosives detection systems […]

An investigation into a single cyber attacker that has launched a series of persistent attacks beginning in 2006, if not earlier, and is still ongoing, shows a diverse group of […]

President Barack Obama signed into law yesterday a debt-reducing bill that cleared the Senate earlier in the day despite objections of some Republicans concerned about hundreds of billions of dollars […]