Business/Financial

CACI International [CACI] on Wednesday posted a strong fourth quarter driven by solid double-digit revenue growth and soaring net income, results that matched its fiscal year 2011. Net income increased […]

U.S. companies want to sell more unmanned aircraft on the international market and need the export-control reforms President Barack Obama’s administration is working on to be enacted, a top executive […]

The Department of Justice yesterday filed suit against shipbuilder Bollinger Shipyards alleging the company made material false statements to the Coast Guard related to the conversion of existing 110-foot Island […]

As the Navy plans to deploy a weapon for the first time on a drone aircraft, an official said yesterday the service is open to using varied strike capabilities on […]

France’s Safran Group yesterday said that Robert Eckel will be CEO of MorphoTrust USA, a new business unit created through the recent acquisition of the former L-1 Identity Solutions. Eckel […]

GTSI Corp. [GTSI] yesterday said it has acquired the federal information technology (IT) consulting firm Information Systems Consulting Group, a deal that expands its federal civilian presence and its professional […]

Textron [TXT] yesterday said that its AAI Unmanned Aircraft Systems business unit and AME Unmanned Systems have entered into a strategic alliance for the development of unmanned systems. The two […]

In a deal that would significantly expand its capabilities in providing healthcare-related information technology (IT) solutions to the federal government, General Dynamics [GD] yesterday said it has agreed to acquire […]

Sweden’s Saab AB yesterday said it has completed its acquisition of Sensis Corp., marking the company’s first purchase of a company in the United States. The deal was approved by […]

Huntington Ingalls Industries [HII], the largest builder of Navy surface ships, yesterday reported earnings of $40 million for the second quarter of 2011 after suffering losses in the same period last […]