Business/Financial

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 […]

By Calvin Biesecker Raytheon [RTN] yesterday posted double-digit increases to its top and bottom lines in its fourth quarter, which was marked by improved performance and broad strength across most […]

L-3 Communications [LLL] yesterday said fourth quarter net income fell despite higher sales and better operating margins due to a higher tax rate and a one-time gain a year ago […]

By Geoff Fein The Navy’s request for proposals (RFP) for the FY ’10 Littoral Combat Ship (LCS) competition stresses cost and affordability but places less weight on total ownership cost, […]

By Calvin Biesecker An ongoing Pentagon review of the direction of the F-35 Joint Strike Fighter should take regarding the flight-test program, which is underway, and a ramp-up in production […]