Business/Financial

By Geoff Fein The Army is taking the unusual step of pushing development of flexible displays for everything from soldier worn devices to vehicles, hoping to speed up commercialization of […]

By Calvin Biesecker Burdened by debt and unhappy with how the investment community is valuing the company, L-1 Identity Solutions [ID] is expects to hire a financial adviser or advisers […]

By Geoff Fein Lockheed Martin [LMT] and IronKey have partnered to develop a secure USB drive with military-grade encryption that is being dubbed a "PC on a stick." "We took […]

By Geoff Fein The next award phase for the Navy’s future jammer will be a technology development phase that will include a competitive prototype, according to a service official Almost […]

By Calvin Biesecker SRA International [SRX] this week posted a hefty increase in net income on higher sales and solid operating margins and the company raised its sales and earnings […]

By Emelie Rutherford Rep. John Murtha (D-Pa.), the all-powerful chairman of the House Appropriations Defense subcommittee (HAC-D) who swayed much of the Pentagon’s spending, died yesterday in Arlington, Va., from […]

By Calvin Biesecker Alliant Techsystems [ATK] yesterday appointed Mark DeYoung as its new president and CEO effective immediately, ending a three-month search for a new top executive after Dan Murphy […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported positive net income in the fourth quarter versus losses a year ago that were due to impairment charges, although continued losses on […]

By Geoff Fein A pilot program to improve the way companies take advantage of the Navy’s Software, Hardware Asset Reuse Enterprise (SHARE) repository is set to go live in March. […]

By Geoff Fein The Navy’s $16 billion FY ’11 budget request for shipbuilding includes funding for two Littoral Combat Ships (LCS), two Virginia-class submarines and two Arleigh Burke-class destroyers. The […]