Business/Financial

By Calvin Biesecker Burdened by debt and unhappy with how the investment community is valuing the company, L-1 Identity Solutions [ID] is expects to hire a financial adviser or advisers […]

By Geoff Fein Lockheed Martin [LMT] and IronKey have partnered to develop a secure USB drive with military-grade encryption that is being dubbed a "PC on a stick." "We took […]

By Geoff Fein The next award phase for the Navy’s future jammer will be a technology development phase that will include a competitive prototype, according to a service official Almost […]

By Calvin Biesecker SRA International [SRX] this week posted a hefty increase in net income on higher sales and solid operating margins and the company raised its sales and earnings […]

By Emelie Rutherford Rep. John Murtha (D-Pa.), the all-powerful chairman of the House Appropriations Defense subcommittee (HAC-D) who swayed much of the Pentagon’s spending, died yesterday in Arlington, Va., from […]

By Calvin Biesecker Alliant Techsystems [ATK] yesterday appointed Mark DeYoung as its new president and CEO effective immediately, ending a three-month search for a new top executive after Dan Murphy […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported positive net income in the fourth quarter versus losses a year ago that were due to impairment charges, although continued losses on […]

By Geoff Fein A pilot program to improve the way companies take advantage of the Navy’s Software, Hardware Asset Reuse Enterprise (SHARE) repository is set to go live in March. […]

By Geoff Fein The Navy’s $16 billion FY ’11 budget request for shipbuilding includes funding for two Littoral Combat Ships (LCS), two Virginia-class submarines and two Arleigh Burke-class destroyers. The […]

By Calvin Biesecker An ongoing Pentagon review of the direction of the F-35 Joint Strike Fighter should take regarding the flight-test program, which is underway, and a ramp-up in production […]