Business/Financial

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, […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

Government officials from Alabama, Florida, Louisiana and Mississippi yesterday said they have created a multi-state alliance aimed at promoting the Gulf Coast region as a "world class aerospace, space and […]

A Lockheed Martin [LMT]-led industry team completed a successful Preliminary Design Review (PDR) for the Navy’s Communications at Speed and Depth (CSD) program that will deliver real-time, two-way communications to […]

By Calvin Biesecker Raytheon [RTN] yesterday reported strong third quarter financial results as higher sales and improved operating margins, combined with lowered pension expense led to increased earnings. Net income […]