Business/Financial

SRA International [SRX] yesterday posted higher net income and sales in the first quarter and achieved a record new contract award total. Net income increased 18 percent to $18.1 million, […]

By Ann Roosevelt General Dynamics UK [GD] and BAE Systems tomorrow will formally square off when they submit proposals for the potential $3 billion U.K. Ministry of Defence Future Rapid […]

CACI International [CAI] yesterday posted strong first quarter FY ’10 results as business with the Defense Department expanded. Net income increased 22 percent to a record $23.9 million, 78 cents […]

By Geoff Fein Wednesday’s latest test of the Aegis Ballistic Missile Defense (BMD) continued to demonstrate the success of Raytheon’s [RTN] Standard Missile-3 (SM- 3), and was the second positive […]

Boeing [BA] this week announced the successful completion of a critical design review (CDR) and system functional review(SFR), key reviews for the Army’s High Energy Laser Technology Demonstrator (HEL TD) […]

Raytheon [RTN] this week said it has completed its $350 million acquisition of BBN Technologies, adding to Raytheon’s bench of scientific and engineering talent. Raytheon said the purchase price is […]

By Calvin Biesecker General Dynamics [GD] yesterday reported its second consecutive quarter of declining profits due to a weak market for business jets market despite continued strong performance from the […]

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 […]