Business/Financial

By Geoff Fein Aluminum multi-hull ships are more energy efficient than a steel monohull ship, an Austal USA official said yesterday at a naval energy conference. "Multi-hulls by their nature […]

By Calvin Biesecker Deal prices for the global aerospace and defense sector in 2009 were the lowest in the past decade, with values last year down over 60 percent from […]

L-3 Communications [LLL] on Friday said it has agreed to acquire Insight Technology, a provider of night vision and electro-optical equipment for military, law enforcement and allied nations. Insight, which […]

SAIC [SAI] on Monday said it has acquired an on-line simulation and collaboration software product line from Forterra Systems, Inc., which provides a real-time virtual world enabling interpersonal interation through […]

By Emelie Rutherford The defense industry is making healthy investments in this fall’s mid-term elections, boosting the campaign coffers of Democrats in Pennsylvania and congressional heavyweights, including the Senate majority […]

By Geoff Fein The Navy will deploy the USS Freedom (LCS-1) this week to the U.S. Southern Command (SOUTHCOM) area of responsibility (AOR) to conduct counter narcotics and theater security […]

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 […]