Business/Financial

By Geoff Fein After acknowledging there will be delays in the delivery of LHA-6, Northrop Grumman [NOC] is working to determine the impact to the ship’s cost and construction schedule, […]

Customs and Border Protection (CBP) yesterday awarded Lockheed Martin [LMT] a potential 10-year, $822 million contract to provide maintenance, repair and overhaul services for its fleet of 16 P-3 Orion […]

The Defense Advanced Research Projects Agency (DARPA) recently awarded Raytheon [RTN] a one-year $24.4 million contract to provide a cost-effective, highly capable military wireless network interoperable gateway, the company said. […]

Boeing [BA] and SkyHook International Inc. yesterday announced that the design of the SkyHook Heavy Lift Vehicle (HLV) has reached the configuration freeze milestone, meaning the aircraft’s overall performance and […]

By Geoff Fein U.S. Special Operations Command (SOCOM) has decided not to repair its lone Advanced Seal Delivery System (ASDS-1) after it was extensively damaged in a fire late last […]

By Geoff Fein General Dynamics [GD] is preparing its variant of the Littoral Combat Ship (LCS), Independence (LCS-2), to enter acceptance trials later next month after it makes a repair […]

By Calvin Biesecker Raytheon [RTN] yesterday posted strong second quarter earnings amid modest sales gains driven by growth and improved performance. Net income increased 15 percent to $489 million, $1.23 […]

By Ann Roosevelt Congressional actions, though not complete, are pointing the way to new production for General Dynamics‘ [GD] Stryker family of wheeled, armored vehicles. Most recently, the House Appropriations […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday said that second quarter earnings fell due to a pension adjustment combined with additional charges related to shipbuilding operations, although the company maintained […]

By Geoff Fein The Navy intends to award a sole source contract later this summer to Louisiana-based Swiftships Shipbuilders to construct up to 15 coastal patrol boats for the Iraqi […]