Business/Financial

DynCorp International [DCP] on Monday said it has agreed to acquired Phoenix Consulting Group, Inc., a small firm that provides proprietary training courses and materials and management consulting services to […]

Computer Sciences Corp. [CSC] and Germany’s Siemens [SI] have each won contracts worth close to $500 million each from the Transportation Security Administration (TSA) to provide computing hardware and services […]

By Geoff Fein The Navy last week awarded ATK [ATK] and Lockheed Martin [LMT] $30 million each to design, develop and demonstrate a prototype for an advanced missile warning system […]

By Emelie Rutherford The Marine Corps’ first and only program executive officer (PEO) said the service’s pursuit of advanced technology and contractual relations with the defense industry are among the […]

By Geoff Fein Raytheon [RTN] is preparing to deliver the first of 241 new Mk 54 lightweight torpedoes this month to the U.S. Navy, a company official said. The first […]

By Calvin Biesecker SAIC [SAI] yesterday said it has relocated its corporate headquarters to the company’s facilities in McLean, Va., from San Diego, effectively moving the corporate executives closer to […]

Lockheed Martin [LMT] yesterday said it would boost its stock dividend by 10.5 percent, or six cents per share, to 63 cents per share payable Dec. 31 to shareholders of […]

By Calvin Biesecker Problems uncovered a year ago at some of the auditing offices of the Pentagon agency that scrutinizes defense contracts turn out to be more widespread throughout the […]

Textron‘s [TXT] board of directors yesterday announced that Chairman and CEO Lewis Campbell will retire on Dec. 1 and will be succeeded by CEO-elect Scott Donnelly, who is currently president […]

By Geoff Fein Earlier this month, Raytheon [RTN] unveiled its latest naval self-defense radar technology–the AN/SPY-5, phased-array system, which can track more targets compared to dish arrays and simultaneous threat […]