Business/Financial

By Geoff Fein The Navy is continuing to explore ways to trim costs and schedule for construction and delivery of Virginia-class submarines to enable the boats to increase deployments and […]

By Calvin Biesecker HP [HPQ] yesterday said it has agreed to acquire enterprise security software provider ArcSight [ARST] for $1.5 billion in cash, boosting its ability to offer organizations built-in […]

By Emelie Rutherford A senior Pentagon advisor yesterday described the Pentagon’s healthcare, retirement, and personnel systems as ticking time bombs that must be overhauled to avoid a budget catastrophe. Retired […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday said that just over 600 of its executives, or about 25 percent of its total executive population, applied to receive financial incentives in […]

Wyle Inc., yesterday said it has completed its purchase of the CAS, Inc., division of ITT Corp. [ITT] for $235 million in cash, expanding its presence in Huntsville, Ala., and […]

The professional services firm SM&A has acquired the defense firm Black Ram Engineering Services, boosting its program services offerings. Terms of the deal, which closed in late August, were not […]

By Geoff Fein The Navy’s Consolidated Afloat Network Enterprise System (CANES) is not only taking a number of existing legacy efforts, funneling them down into a single program, but whichever […]

BAE Systems yesterday said it has agreed to acquire OASYS Technology, a small company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and […]

Boeing [BA] yesterday said it is consolidating the organization of its Boeing Military Aircraft (BMA) business by going from six to four divisions effective Oct. 1. The new divisions are: […]

By Geoff Fein Navy officials looked at a number of key factors before sending USS Freedom (LCS-1) off on her first mission, including ship materiel condition, sustainment, and crew training […]