Business/Financial

Orbital Sciences Corp. [ORB] last Friday said it has completed its $55 million purchase of the spacecraft development and manufacturing business from General Dynamics [GD]. Orbital announced the deal early […]

By Geoff Fein The drawdown in Iraq and the ramp up in Afghanistan are two of the biggest logistics challenges the Department of Defense has ever taken on in recent […]

By Geoff Fein The Navy recently awarded Lockheed Martin [LMT] an $83 million contract to design, develop, fabricate, integrate, and test the Electronic Consolidated Automated Support System (eCASS). eCASS will […]

General Electric [GE] this week said its Aviation division will establish a research and development center that will focus on advanced technologies for military and civil hybrid electric vehicles and […]

Boeing [BA] yesterday said that it will take a one-time, $150 million non-cash charge in the first quarter due to the new health care reform law that eliminates a tax […]

By Emelie Rutherford The Pentagon announced late yesterday it would extend the deadline for proposals for the Air Force tanker so European Aeronautic Defence and Space Co. (EADS) potentially can […]

By Calvin Biesecker SAIC [SAI] on Tuesday lowered its organic revenue and earnings expectations for the year amid uncertainty in the government contracting environment including delays in the contracting cycle, […]

By Emelie Rutherford Amid concerns in the Pentagon and Congress about sustaining smaller defense companies, a congressional panel is recommending the Defense Department (DoD) increase its outreach to such firms. […]

By Geoff Fein MOBILE, Ala.–One of the first things most people notice when coming aboard the USS Independence (LCS-2) is the space, according to an official from General Dynamics [GD], […]

By Emelie Rutherford The defense secretary assured lawmakers yesterday that the Pentagon, as it considers extending the deadline for proposals to build the Air Force tanker, will not change the […]