Business/Financial

Argon ST [STST] yesterday confirmed that it is exploring strategic alternatives, including a sale of the company, although the company offered no reason for the move. The announcement follows a […]

By Geoff Fein Last month’s acknowledgement by the Navy that the Remote Multi-Mission Vehicle (RMMV) portion of the Remote Minehunting System (RMS) program suffered a critical Nunn-McCurdy breach should not […]

By Calvin Biesecker Symantec Corp. [SYMC] yesterday said it has agreed to acquire Gideon Technologies, Inc., a small firm that provides federal government and commercial customers with a security management […]

By Geoff Fein Lockheed Martin Canada [LMT] will begin work this fall to modernize that country’s Halifax-class frigates’ command and control systems, providing the ability to operate in the littorals […]

Secure Mission Solutions (SMS) has acquired Sim-G Technologies, expanding its capabilities in physical and cyber security to support an integrated security focus. Terms of the deal, which closed in December, […]

By Geoff Fein The Navy’s effort to modernize its destroyers will begin in earnest this year, as the Navy and Lockheed Martin [LMT] begin overhauling the hull, mechanical and electrical […]

Lockheed Martin [LMT] on Wednesday said it has created five business lines within its new Mission Systems & Sensors (MS2) operating company, which was set up on Jan. 1 to […]

Boeing [BA] yesterday renamed its Integrated Defense System division to Boeing Defense, Space & Security, realigning and consolidating some of the business units that make up the division’s operating segments. […]

By Calvin Biesecker Canada’s Transport Ministry on Monday said it will purchase and deploy 44 body scanners from L-3 Communications [LLL] for approximately $10.7 million, with delivery and installations to […]

By Calvin Biesecker The Coast Guard in late December issued a market survey notice to identify potential sources that could do the systems integration on the HC-144A Maritime Patrol Aircraft, […]