Business/Financial

By Geoff Fein The USS Enterprise (CVN-65) returned to Naval Station Norfolk, Va., this week after several days of successful sea trials following a lengthy and costly overhaul. The Enterprise […]

By Geoff Fein One-time presidential helicopter competitors Lockheed Martin [LMT] and Sikorsky [UTX] have teamed up for the Navy’s latest foray to replace the terminated VH-71, according to the two […]

By Geoff Fein Using their own internal research and development funds, Raytheon [RTN] and Boeing [BA] fired the first Joint Air-to-Ground Missile (JAGM) during a test at White Sands Missile […]

L-3 Communications [LLL] last week said it has completed its acquisition of Insight Technology, adding to its capabilities in night vision and electro-optical systems. Terms of the deal were not […]

The Transportation Security Administration (TSA) has awarded Morpho Detection a $35.5 million contract for the purchase of 1,245 explosives trace detectors (ETD) that will be used to bolster aviation security […]

By Emelie Rutherford A new Pentagon-acquisition reform bill House lawmakers unveiled yesterday calls for the defense secretary to create a program to expand the defense industrial base, but does not […]

By Geoff Fein Operating the USS Mesa Verde (LPD-19), a 23,000-ton ship with a crew of only 315 sailors is a challenge under any circumstance, but the work is made […]

By Geoff Fein While the Navy begins the arduous task of determining which Littoral Combat Ship (LCS) design is the best for the fleet, the service is working to get […]

Kratos Defense & Security Solutions [KTOS] on Monday said it has agreed to acquire Gichner Holdings, a designer, producer and integrator of tactical shelters and modular containers for military systems, […]

By Calvin Biesecker DynCorp International, Inc., [DCP] yesterday said it has agreed to be acquired by the private equity firm Cerberus Capital Management, L.P., for $1.5 billion, including debt. Terms […]