Business/Financial

By Calvin Biesecker The Obama administration has put forth a reasonable vision for balancing the strategic workforce needs of government agencies with the need to maintain competition for government service […]

By Calvin Biesecker With the ink barely dry on Boeing‘s [BA] first one-year contract option for the Secure Border Initiative (SBI) program, if the company’s performance on the program continues […]

By Geoff Fein The Navy last month took delivery of its first of five low-rate initial production (LRIP) airborne mine neutralization systems (AMNS) and Raytheon [RTN] will have the remaining […]

By Geoff Fein Under the Navy’s new Littoral Combat Ship (LCS) acquisition strategy, General Dynamics [GD] and Lockheed Martin [LMT] are going to have to make tough decisions on what […]

By Calvin Biesecker In a surprise announcement yesterday, Northrop Grumman [NOC] Chairman and CEO Ron Sugar said that he will retire at the end of this year and the company […]

Finmeccanica‘s subsidiary DRS Technologies yesterday said it has completed its acquisition of Florida-based Soneticom, Inc., which provides geolocaton systems, wireless communications and digital signal processing systems and capabilities. Terms of […]

By Calvin Biesecker Britain’s Chemring Group PLC yesterday said it has greed to acquire Los Angeles-based Hi-Shear Technology Corp. [HSR] for $132 million in cash, a deal which complements its […]

By Geoff Fein The Navy and a Raytheon [RTN]-led team have been exploring the use of a submarine-launched AIM-9X sidewinder air-to-air missile to provide self- defense against enemy aircraft and […]

By Geoff Fein A lengthy Navy investigation of faulty piping welds on Virginia-class submarines has determined that neither sailors nor submarines are at risk. "Both Northrop Grumman Shipbuilding and General […]

By Geoff Fein Earlier this month, the Navy awarded Raytheon [RTN] a $93.8 million contract for low-rate initial production (LRIP) of the company’s Standard Missile- 6 (SM-6) Block I that […]