Business/Financial

By Geoff Fein The USS Freedom (LCS-1) will be heading into a dry-dock for five days to repair the starboard boost water jet, according to the Navy. The problem was […]

By Calvin Biesecker Northrop Grumman [NOC] and Textron‘s [TXT] Bell Helicopter division have teamed to develop and demonstrate a new medium- range vertical unmanned aircraft system (VUAS) called Fire-X that […]

By Geoff Fein The Navy last week issued its draft request for proposals (RFP) for the Aegis Platform System Engineering Agent (PSEA) including Advanced Capability Build (ACB) developer support for […]

By Geoff Fein As the Navy looks ahead to restarting the Arleigh Burke class production line, the service is looking to introduce new capabilities that will enable future destroyers to […]

By Calvin Biesecker The Coast Guard is wrapping up the discussion phase with Northrop Grumman [NOC] as part of the contracting process for the next National Security Cutter (NSC) and […]

Applied Signal Technology, Inc. [APSG] on Wednesday said it has acquired Seismic LLC, a small cyber security solutions provider serving the Defense Department and intelligence community, in a deal that […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday posted a higher net income driven by lower pension expenses and higher operating income at its Aerospace, Shipbuilding and Technical Services segments, which […]

By Calvin Biesecker General Dynamics [GD] yesterday posted a slight increase in first quarter earnings due to higher operating margins even though its sales fell in its business jet unit […]

Northrop Grumman [NOC] on Monday evening said it will move its corporate headquarters from Los Angeles to Northern Virginia in the summer of 2011. "Our final decision was driven largely […]

By Calvin Biesecker L-3 Communications [LLL] yesterday posted a strong increase in its first quarter earnings despite relatively flat sales due to a lift in operating margins and lower pension […]