Business/Financial

By Geoff Fein The Navy is turning to an open architecture model to rapidly upgrade systems designed to counter remote controlled improvised explosive devices (RCIED), a service official said. As […]

Workers at Boeing‘s [BA] C-17 final assembly facility went on strike yesterday after their union rejected the company’s offer of a new four-year contract that includes higher monthly pension payment, […]

Moog Inc. [MOG.A] last week said it has acquired German video security technology firm Pieper GmbH, a manufacturer of video products and integrated vision systems for the security and extreme […]

By Geoff Fein The Navy is expected to issue shortly a request for proposals (RFP) for Team Submarine’s Acoustic Rapid COTS (Commercial Off The Shelf) Insertion (ARCI) integrator competition. The […]

By Calvin Biesecker Canada’s CGI Group Inc. [GIB] on Friday said it has agreed to acquire information technology (IT) solutions provider Stanley Inc. [SXE] in a deal worth $1.1 billion, […]

By Geoff Fein The Navy has been testing a commercially available laser technology that the service is looking to use against enemy unmanned aircraft, according to a Navy official. Under […]

By Calvin Biesecker ATK [ATK] yesterday said it swung to a profit in the fourth quarter despite relatively flat sales due in part to hefty charges a year ago that […]

By Marina Malenic The two industry teams competing for the Pentagon’s Joint Air-to-Ground Missile (JAGM) production contract have submitted responses to a draft solicitation and reported successful early testing this […]

By Geoff Fein The Navy will deploy the first EA-18G Growler squadron from a land-based location in support of ground troops, according to a service official. Additionally, the service’s vertical […]

General Dynamics [GD] yesterday said its board of directors has elected CEO Jay Johnson to also be chairman, succeeding Nicholas Chabraja, who has been the company’s chairman since July 1997. […]