Business/Financial

By Calvin Biesecker Britain’s Chemring Group yesterday said it has agreed to acquire Virginia-based The Allied Defense Group [ADG] for $59 million in cash, expanding its ammunition products and related […]

By Geoff Fein With the Navy and the Department of Agriculture set to sign an agreement Thursday to coordinate research activities, the Navy continues to take steps to achieve the […]

ManTech International [MANT] yesterday said it has completed its acquisition of Sensor Technologies Inc. (STI) for $242 million in cash, giving it a prime position on the Army’s Strategic Services […]

By Geoff Fein Navy leadership is working to ensure the surface fleet continues to get the funds it needs to carry out its expanding range of missions and conduct operations, […]

By Geoff Fein Raytheon [RTN] conducted the fourth successful flight test of its Standard Missile-6 (SM-6) as the company readies to take its anti-cruise missile weapon to sea later this […]

SAIC [SAI] said yesterday it has agreed to acquire CloudShield Technologies, a cyber security firm based in Silicon Valley, which provides solutions to telecommunications companies, federal and international customers. CloudShield […]

By Calvin Biesecker The Department of Homeland Security has awarded Intellicheck Mobilisa [IDN] a small contract to supply five handheld biometric-enabled smart card readers to be used for security purposes […]

By Geoff Fein As the Navy nears release of the final request for proposals for a winner-take-all competition of up to 10 Littoral Combat Ships (LCS), a top service official […]

By Geoff Fein Lockheed Martin [LMT] and BAE Systems will test fire several rounds of the Long Range Land Attack Projectile (LRLAP) this week, part of a larger effort to […]

By Geoff Fein Last month’s acknowledgement by the Navy that the Remote Multi-Mission Vehicle (RMMV) portion of the Remote Minehunting System (RMS) program suffered a critical Nunn-McCurdy breach should not […]