Business/Financial

The Army gave General Dynamics Corp. [GD] a $150 million contract-change deal to produce Hydra-70 rockets, warheads and motors. Deliveries are expected to begin in September next year. This order […]

President Doesn’t Understand Missile Threat, But Lawmakers Increasingly Comprehend It President Obama’s expected cuts in ballistic missile defense (BMD) programs will stagger the effort to protect Americans from missile attacks, […]

NASA gave Northrop Grumman Corp. [NOC] a contract worth up to $44.5 million to provide an instrument that would fly on the long-delayed National Polar-orbiting Operational Environmental Satellite System, or […]

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 […]

ShotSpotter, Inc., yesterday said it has acquired the acoustic gunshot detection product line from QinetiQ North America (QNA), making it the sole market leader in acoustic gunshot detection systems. Terms […]