Business/Financial

By Calvin Biesecker United Technologies [UTX] yesterday reported double-digit declines in third quarter sales and earnings due to weakness in most of its markets, although aggressive restructuring enabled the multi-industrial […]

By Emelie Rutherford The White House in the near future is expected to release guidance intended to curtail the use of cost-plus and noncompetitive federal government contracts, an effort lawmakers […]

By Ann Roosevelt The Army is looking ahead to receiving insights and assessments on its requirements and acquisition approach from defense contractors after its first Industry Day on the anticipated […]

By Geoff Fein The Navy and its industry partners are into production on most of the computing hardware and nearing the final software release for the components that will operate […]

By Geoff Fein The Navy last week opened its Littoral Combat Ship (LCS) Mission Package Support Facility (MPSF), a 46,000-square foot West Coast site to store, maintain and ready for […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday said that its board of directors has elected Chris Kubasik, who is head of the company’s Electronic Systems business area, to be president […]

The Tarawa-class amphibious assault ship, the USS Nassau (LHA-4), will be the first Atlantic Fleet large-deck ship to receive General Dynamic‘s [GD] Common Network Interface (CNI) designed to improve situational […]

By Geoff Fein Navy has decided to deploy the USS Freedom (LCS-1) two years earlier than planned to begin integration of the Littoral Combat Ship into the fleet and to […]

By Calvin Biesecker Congressional appropriators last week agreed to provide enough funds in FY ’10 for the Coast Guard to complete construction of the fourth National Security Cutter (NSC) and […]

United Technologies Corp. [UTX] yesterday said that Louis Chenevert, the company’s president and CEO, has been elected to succeed George David as chairman of the company beginning Jan. 1, 2010. […]