Business/Financial

By Geoff Fein Until earlier this year, many junior sailors trained for conducting shipboard helicopter takeoffs using archaic tools–including wooden models to simulate aircraft. But an urgent request from Helicopter […]

By Calvin Biesecker Boeing [BA] yesterday reported a $1.6 billion net loss in the third quarter due to previously disclosed charges on two commercial aircraft programs including the 787 Dreamliner, […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday said that third quarter earnings fell due to higher pension and other expenses although overall segment operating results were solid. Net income declined […]

By Geoff Fein General Dynamics [GD] wrapped up builder’s trials of its variant of the Littoral Combat Ship (LCS) earlier this week, putting the vessel through dozens of tests in […]

By Ann Roosevelt BAE Systems has filed a second supplement to its initial protest with the Government Accountability Office (GAO) over the Army’s award to Oshkosh Corp. [OSK] of a […]

By Calvin Biesecker FLIR Systems [FLIR] yesterday said it has acquired OmniTech Partners, Inc., for $42 million in cash, giving it image intensification capabilities (I2) for use with thermal weapons […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday reported a slight gain in net income in its third quarter that beat consensus expectations due to a tax benefit, but the nation’s […]

By Ann Roosevelt The first of four deployed CH-47F Chinook helicopter units is back from theater, and has proven its new capabilities, officials said. Soldiers say, "the new features saved […]

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 […]