Business/Financial

Wyle Inc., yesterday said it has completed its purchase of the CAS, Inc., division of ITT Corp. [ITT] for $235 million in cash, expanding its presence in Huntsville, Ala., and […]

By Geoff Fein The Navy’s Consolidated Afloat Network Enterprise System (CANES) is not only taking a number of existing legacy efforts, funneling them down into a single program, but whichever […]

BAE Systems yesterday said it has agreed to acquire OASYS Technology, a small company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and […]

Boeing [BA] yesterday said it is consolidating the organization of its Boeing Military Aircraft (BMA) business by going from six to four divisions effective Oct. 1. The new divisions are: […]

The professional services firm SM&A has acquired the defense firm Black Ram Engineering Services, boosting its program services offerings. Terms of the deal, which closed in late August, were not […]

By Geoff Fein Navy officials looked at a number of key factors before sending USS Freedom (LCS-1) off on her first mission, including ship materiel condition, sustainment, and crew training […]

By Calvin Biesecker With new and tougher explosives detection standards forthcoming in the United States and eventually in Europe, Reveal Imaging Technologies is currently well positioned to meet these given […]

By Calvin Biesecker SAIC [SAI] this week posted higher net income in its second quarter driven by revenues from a royalty payment related to patent litigation and a favorable litigation […]

By Geoff Fein Bids for the Navy’s Integrated Topside (InTop) task order 3 competition, exploring how to combine apertures and antennas on surface ships, were turned in last week, and […]

By Geoff Fein Addressing the technical challenges associated with the Navy’s Littoral Combat Ships (LCS) has led the service to implement design changes during the construction phase of LCS- 3 […]