Business/Financial

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, […]

By Calvin Biesecker ITT Corp. [ITT] yesterday said it is conducting a strategic realignment of its defense segment by consolidating seven separate business units into three larger ones to allow […]

By Calvin Biesecker SAIC [SAI] yesterday said it has acquired Spectrum San Diego, a small firm which last spring introduced a low-cost X-ray imaging system for scanning cars and vans […]

By Geoff Fein GoAhead Software is partnering with Global Technical Systems (GTS) and Northrop Grumman [NOC] to bring its solution for Dynamic Resource Management (DRM) to the Common Processing System […]

Northrop Grumman [NOC] said yesterday that by 2011 it will move its corporate office from Los Angeles to the Washington, D.C., region, bringing its company leaders closer to key customers […]

By Calvin Biesecker In the immediate wake of the failed Christmas Day bombing attempt of a passenger plane nearing its destination in the United States, the Transportation Security Administration (TSA) […]