Business/Financial

By Geoff Fein The Navy yesterday awarded Lockheed Martin [LMT] $14.9 million and Northrop Grumman [NOC] $17.4 million contracts for the Consolidated Afloat Networks and Enterprise Services (CANES) system, a […]

By Geoff Fein The USS Freedom (LCS-1) returned to duty Wednesday after making repairs to one of two downed ship service diesel generators (SSDG) during a scheduled refueling stop in […]

By Geoff Fein As the Navy and the shipbuilding industry prepare to move toward producing two Virginia-class submarines per year, all eyes are looking ahead to the next-generation ballistic missile […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday introduced a new suite of software management tools it is offering to utilities, system operators and defense customers to give them more insight […]

By Geoff Fein As the Marine Corps continues to make a case for sea basing, service officials can point to the ongoing humanitarian assistance operations in Haiti as proof that […]

General Dynamics [GD] yesterday said its board of directors has approved a nearly 11 percent increase to its quarterly dividend, boosting the payment four cents to 42 cents per share […]

By Ann Roosevelt FT. LAUDERDALE, Fla.–Disruptive technologies can be fielded to soldiers more quickly, a top robotics official said. Procurement of disruptive technologies can be accelerated, said Helen Greiner, CEO […]

By Geoff Fein The General Dynamics [GD] variant of the Littoral Combat Ship (LCS) uses less fuel per hour during higher rates of speed than the Lockheed Martin [LMT] vessel, […]

L-1 Identity Solutions [ID] yesterday said it has retained the investment firms Goldman Sachs and Stone Key Partners, LLC, to be its financial advisers as it explores its strategic alternatives. […]

By Emelie Rutherford The Pentagon "continues to explore" entering into a multi-year contract with Boeing [BA] for F/A-18 fighter jets, but was not able to make a decision by yesterday’s […]