Business/Financial

The Boeing Co. [BA] missile shield effort, the Ground-based Midcourse Defense (GMD) program, contributed more than $193 million to Arizona’s economy last year, the company reported. Boeing also supported more […]

The Defense Satellite Communications System (DSCS) B10 satellite completed 15 years on orbit, 50 percent more than its 10-year design life, builder Lockheed Martin Corp. [LMT] announced. The entire DSCS […]

By Ann Roosevelt The Defense Security Cooperation Agency Dec. 9 notified Congress of eight potential Foreign Military Sales to Iraq with a combined total value of approximately $6 billion. The […]

By Calvin Biesecker The United States aerospace industry continues to grow, albeit at more moderate levels, with continued increases in both the commercial and defense sectors and the outlook for […]

By Ann Roosevelt AeroVironment, Inc. (AVAV) Dec. 3 reported financial results for its second quarter with revenue of $65.8 million, up 22 percent over second quarter fiscal 2008 revenue of […]

By Geoff Fein As systems for Navy ships, aircraft, and shore facilities get more complex and more dependent on other systems, it is important to have the right policies and […]

By Geoff Fein The Navy yesterday said it has ceased funding development of the Mission Reconfigurable Unmanned Underwater Vehicle (MRUUV) due to technical and engineering issues. The decision, made by […]

By Geoff Fein The Navy is looking to demonstrate autonomous refueling of its planned Unmanned Combat Air System (UCAS), according to a presolicitation notice published earlier this month. According to […]

By Geoff Fein The Navy is looking at ways to reverse the downward trend and bolster its acquisition workforce, to recapture much of the activity that has been outsourced over […]

By Geoff Fein Navy Secretary Donald Winter has signed off on an update to the service’s acquisition instructions, adding in the new gate review process as well as aligning them […]