Business/Financial

Canada has committed approximately $8.5 billion for the acquisition of 65 Lockheed Martin [LMT] F-35 Lightning II Joint Strike Fighters (JSF) as the country looks to replace its fleet of […]

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 […]

Vortex Systems LLC, the principal supplier of unattended ground sensors (UGS) to the U.S. Border Patrol, has signed an international distribution and equity acquisition agreement with Monument Capital Group LLC […]

L-3 Communications [LLL] yesterday announced a new stock repurchase program that gives the company authority to buy up to $1 billion of its common stock through the end of 2012. […]

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 […]

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 […]

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 […]