Business/Financial

By Calvin Biesecker Axsys Technologies [AXYS] on Wednesday confirmed it is mulling a possible sale of the company due to a drop in its stock price and subsequent interest in […]

Force Dynamics LLC, a joint venture between Force Protection Inc. (FRPT) and General Dynamics [GD] Land Systems, on Wednesday said it was awarded a $1 million contract for two Cheetah […]

By Geoff Fein Most people will likely remember Navy Secretary Donald Winter’s tenure for his efforts to get new contracts for LCS, developing a new acquisition review process, or for […]

The Navy awarded ITT [ITT] a $317 million order to produce an additional 4,501 CREW 2.1 Vehicle Receiver Jammers (CVRJ), vehicle-mounted systems that prevent the detonation of improvised explosive devices […]

Boeing [BA] will offer its F/A-18E/F Super Hornet as the next-generation fighter for the Greek Air Force, the company said. The Super Hornet is currently competing for strike fighter contracts […]

By Geoff Fein While builders and parts suppliers for the Navy’s Virginia-class submarine program are feeling a bit more optimistic these days following the December signing of the Block III […]

Curtiss-Wright Corp. [CW] on Friday said it has acquired EST Group, Inc., for $40 million in cash, positioning it as a key supplier in the heat management business for energy […]

Courtney Stadd, a former NASA official who left the agency, was indicted by a federal grand jury for allegedly using a temporary NASA post he held later to help steer […]

By Geoff Fein A new supersonic target under development by ATK [ATK] will provide the Navy a new platform to prepare sailors to respond to more advance anti-ship cruise missiles, […]

A Navy logistics ship was named for former NASA astronaut Wally Schirra, with christening ceremonies yesterday in San Diego, General Dynamics Corp. [GD] stated. Schirra was a Navy captain who […]