Business/Financial

General Dynamics [GD] yesterday said its board of directors has authorized management to repurchase up to 10 million shares of the company’s common stock on the open market. The authorization […]

By Calvin Biesecker ATK [ATK] yesterday said its third quarter earnings fell due to a charge related to development work the company is doing on composite structures for the Airbus […]

Curtiss-Wright Corp. [CW] this week said it has agreed to the surface technologies business from the German chemical firm BASF, expanding its current capabilities in coatings technology. Terms of the […]

CACI International [CACI] yesterday reported record quarterly income and sales due to strong operating performance, cost controls and growth in its core areas. Net income in the company’s second quarter […]

Transportation Security Administrator John Pistole last week decided against expanding a program that allows the nation’s airports to opt-out of using federal security screeners in favor of privatized screeners, saying […]

Raytheon [RTN] yesterday said it has completed its acquisition of Applied Signal Technology for $490 million, boosting its capabilities in integrated sensor solutions for intelligence, surveillance and reconnaissance applications. About […]

Alcoa [AA] yesterday said it has agreed to acquire the aerospace fasteners business of TransDigm Group for $240 million in a deal aimed at accelerating its growth in the fastening […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a strong increase in its fourth quarter net income due solely to a gain from the sale of a former business unit. […]

By Calvin Biesecker Raytheon [RTN] yesterday said its fourth quarter sales edged up slightly but that pension expense, a charge related to early debt retirement and a loss from discontinued […]

L-3 Communications [LLL] yesterday reported higher fourth quarter net income and sales, driven by a lower tax rate, improved margins and revenue from acquisitions. Net income increased 18 percent to […]