Business/Financial
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Business/FinancialJ.F. Lehman Acquires Small Firm That Furnishes Marine Vessels
The private equity firm J.F. Lehman & Co. last week said it has acquired US Joiner LLC, a small firm that furnishes government and commercial maritime vessels. Terms of the […]
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Business/Financial
CBO: DoD’s Long-term Spending Estimates Too Optimistic
The Congressional Budget Office (CBO) is warning that the Pentagon’s budget plans would cost $25 billion more than estimated in five years and $31 billion more in 10 years. The […]
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Business/Financial
CACI Boosts FY ’11 Earnings Guidance On Operational Performance
Crediting strong operational, CACI International [CACI] on Wednesday raised its earnings guidance for its fiscal year that ended yesterday, adding that it will post a double-digit gain in earnings for […]
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Business/Financial
Lockheed Martin To Cut 1,500 Jobs At Aeronautics
Lockheed Martin [LMT] yesterday said it plans to eliminate 1,500 jobs at its Aeronautics business area to improve the affordability of its products and boost operational efficiencies. The pending job […]
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Business/Financial
Industry, Hill Clash Over Contractor Performance Data
Lawmakers and the defense industry are clashing over the handling of company information in databases the Pentagon refers to when making contract decisions. The use of such data repositories has […]
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Business/Financial
Panel Approves Extension Of Anti-Terror Law For Chemical Facilities
The Senate Homeland Security and Governmental Affairs Committee on Wednesday approved a three-year extension of regulations that enable the Department of Homeland Security to oversee compliance by high-risk chemical facilities […]
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Business/Financial
Raytheon Integrated Defense Systems Driven By People, Execution And Growth, Exec Says
Faced with an uncertainties in the global environment and the defense budget, Raytheon’s [RTN] Integrated Defense Systems (IDS) business is focused on execution, growth and people, the sector president said. […]
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Business/Financial
Saab To Acquire Sensor Firm Sensis In First U.S. Acquisition
Sweden’s defense and security company Saab AB yesterday said it has agreed to acquire United States-based sensor firm Sensis Corp., in a deal that combines complementary capabilities in air traffic […]
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Business/Financial
NASA: Commercial-Crew Plans On Schedule
The four firms under contract with NASA to help develop a commercial space transportation industry have met initial milestones for their crew-transport systems as of this month, the space agency […]
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Business/Financial
Obama Suggests More Defense Cuts Needed
As Congress and the White House remain gridlocked over budget negotiations, President Barack Obama suggested yesterday that further Pentagon budget cuts are needed beyond the $400 billion he already recommended. […]