Business/Financial

By Ann Roosevelt Modifications and procurement changes account for a program cost increase of more than 11 percent for the Army’s new Light Utility Helicopter (LUH), produced by the European […]

By Geoff Fein This summer, the Navy will begin testing a prototype advanced camera for Los Angeles-class submarine periscopes that will provide a 360-degree scan of the surrounding waters. Developed […]

By Geoff Fein A recent Government Accountability Office (GAO) decision on a DRS [DRS] protest regarding the common enterprise display system (CEDS) display consoles, denied the first four bases of […]

By Emelie Rutherford The Marine Corps is moving forward with the once-troubled Expeditionary Fighting Vehicle (EFV) development program, with a key Pentagon meeting planned for next month followed by possible […]

By Ann Roosevelt Lockheed Martin [LMT] said it recently completed another series of successful tests of the Direct Attack Guided Rocket (DAGR) semi-active laser guidance kits for 2.75 inch/70mm rockets. […]

By Ann Roosevelt The Defense Department’s chief acquisition officer has approved up to $10 million in FY 2008 research, development test and evaluation (RDT&E) funds to initiate a Stryker Product […]

By Calvin Biesecker Alliant Techsystems’ [ATK] plans to bolster its capabilities and offerings for the space market took a hit this week when Canada rejected the company’s pending $1.3 billion […]

By Geoff Fein As construction on DDG-1000 gets underway in the coming year, the Navy and the two shipyards heading up the effort will have a design that is significantly […]

By Geoff Fein The Navy last month issued its request for proposals (RFP) to teams led by General Dynamics [GD] and Lockheed Martin [LMT] for one Littoral Combat Ship (LCS) […]

Turkey is looking to buy six Lockheed Martin [LMT] MK 41 Vertical Launch Systems (VLS) as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) said yesterday. […]