Business/Financial
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Business/Financial
Raytheon Completes BBN Acquisition
Raytheon [RTN] this week said it has completed its $350 million acquisition of BBN Technologies, adding to Raytheon’s bench of scientific and engineering talent. Raytheon said the purchase price is […]
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Business/Financial
GD’s Income Slides On Weak Business Jet Market, But Guidance Increased On Defense
By Calvin Biesecker General Dynamics [GD] yesterday reported its second consecutive quarter of declining profits due to a weak market for business jets market despite continued strong performance from the […]
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Business/Financial
L-3 Posts Higher Sales, Earnings In Third Quarter
By Calvin Biesecker L-3 Communications [LLL] yesterday reported solid third quarter financial results increasing both sales and earnings due to a tax benefit and a strong contribution from its C3ISR […]
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Business/Financial
Sales, Operating Profits Tumble At Textron
Weighed down by reduced demand for business jets and a loss at its finance unit, Textron [TXT] yesterday posted a steep decline in operating profits amid a decline in sales, […]
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Business/Financial
Battelle Heli-borne Tech Advances UXO Surveys
By Ann Roosevelt A technology developed at Oak Ridge National Laboratory, advanced by Battelle and mounted on a helicopter, increases the scope and safety of finding unexploded ordnance (UXO), while […]
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Business/Financial
Boeing Apache, Chinook, In Hunt For Indian Air Force Requirements
Boeing [BA] said last week it has submitted two proposals to the Indian Air Force, offering the AH-64D Apache and the CH-47F Chinook for India’s attack and heavy-lift helicopter competitions. […]
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Business/Financial
Navy Awards ITT $169 Million For Radar Obsolescence Work
ITT Corp. [ITT] has received a $169.3 million contract from Naval Sea Systems Command (NAVSEA) as part of the AN/SPS-48G Radar Obsolescence, Availability Recovery (ROAR) program, the company reported. The […]
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Army
Texans Address Potential Closing of BAE Plant And Economic Loss
The City of Sealy and the Katy Area Economic Development Council (KAEDC) Monday announced the formation of a task force to address the potential closure of the BAE Systems plant […]
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Business/Financial
New Obama Contracting Reforms Emphasize Fixed-Price Contracts
By Emelie Rutherford The White House issued federal-contracting guidance yesterday regarding using fixed-price contracts over cost-plus arrangements. A congressional contracting-oversight panel plans to hold a hearing today to scrutinizing the new […]
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Army
Linda Hudson To Lead BAE Systems’ North American Operations
By Ann Roosevelt British-based BAE Systems plc yesterday named Linda Hudson president and CEO of BAE Systems Inc., the North American arm of the global company, effective immediately. "My role […]
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