Business/Financial

A former Northrop Grumman [NOC] employee who filed suit against the company in 2006 charging fraud said on Wednesday that the company has agreed to a $12.5 million settlement in […]

Cubic Corp. [CUB] yesterday said it has acquired Safe Harbor Holdings, Inc., a small supplier of customized hardware and software for cyber solutions. Terms of the deal were not disclosed. […]

Curtiss-Wright Corp. [CW] yesterday said it has acquired Britain-based Specialist Electronics Services, Ltd. (SES) for $22 million adding to its existing recorder product line. SES designs and manufactures rugged, security […]

General Dynamics [GD] yesterday said its United Kingdom-based business has acquired Kylmar Ltd., a developer and manufacturer of various electro- optical systems used in military, border security, counter-terrorism, covert and […]

The private equity firms JMI Equity and Arlington Capital Partners last week acquired Compusearch Software Systems, a provider of procurement software and services to the federal government, from the private […]

SAIC [SAI] yesterday said that it has elected Thomas Young as non-executive chairman of its board of directors, succeeding Ken Dahlberg, who retired last Friday. Young, who has been on […]

Venerable consulting firm Booz Allen Hamilton (BAH) yesterday said it has filed plans with the Securities and Exchange Commission for a proposed public offering of its Class A common stock, […]

By Calvin Biesecker Aerospace and defense industry officials from the United States and Europe held their second formal meeting last week as part of an ongoing effort aimed at embedding […]

By Geoff Fein Lockheed Martin’s [LMT] second Littoral Combat Ship (LCS-3) has reached the 50-percent completion mark, 15 months since contract award, a company official said. "To be at the […]

Teledyne Technologies Inc. [TDY] yesterday said it has agreed to acquire Britain’s Intelek plc for $52 million, including stock options, net and pension debt, to expand its capabilities in microwave […]