Business/Financial

Walter Reed Army Medical Center, the crown jewel of Army medicine, celebrated its 100th anniversary Friday with a ceremony and a formal ball, but the celebration was bittersweet because the […]

Lockheed Martin Corp. [LMT], the largest defense contractor receiving $34.2 billion in contracts in fiscal 2007, also led the pack in instances of misconduct, according to the Project on Government […]

Needed: a huge vacuum cleaner that can roam around in low Earth orbit. While the danger of catastrophic collisions in space is rising steadily, cost and feasibility issues mean development […]

Aerojet, a GenCorp [GY] company, successfully completed the first series of vibration and altitude hot fire tests on the next-generation U.S. spaceship rocket engine. In the test, Aerojet checked the […]

The Navy yesterday issued a temporary grounding bulletin on six Marine Corps UH-1Y and one AH-1Z helicopters until the aircraft have been inspected for potential faulty components in each aircraft’s […]

By Calvin Biesecker CACI International [CAI] this week reported solid third quarter financials that were a record for sales and earnings although growth rates slowed after a strong first half […]

Oshkosh Truck Corp. [OSK] yesterday swung to a net operating loss in its second quarter due to the ongoing global recession despite a strong performance from the company’s military truck […]

By Calvin Biesecker Shrugging off weakness in the business jet market, General Dynamics [GD] yesterday posted higher earnings and sales in the first quarter driven by its defense businesses. In […]

By Geoff Fein Earlier this month when Defense Secretary Robert Gates proposed extending the build rate for aircraft carriers from four to five years, the idea led to a flurry […]

Rockwell Collins [COL] yesterday reported slight declines in net income and sales in its second quarter stemming from a roughed up global commercial aviation sector, which led the company to […]