Business/Financial

Lockheed Martin [LMT] received a follow-on potential $76.6 million contract for 2008 for Performance Based Logistics (PBL) to support the Target Acquisition Designation Sight/Pilot Night Vision Sensor (TADS/PNVS) and Modernized […]

By Geoff Fein The Navy has lifted a stop work order on a General Dynamics’ [GD] effort to develop a common display system for ships, submarines and aircraft, following a […]

FLIR Systems [FLIR] on Tuesday said it has acquired Spain’s Ifara Tecnologias, a developer and supplier of middleware and client application software used to network sensor systems, for $11.1 million […]

By Emelie Rutherford An Air Force official told Senate authorizers yesterday that a decision on whether to keep open the F-22 Raptor production line needs to be made by November, […]

By Ann Roosevelt NATIONAL HARBOR, Md.—Lockheed Martin [LMT] April 7 announced the Army awarded it a $172 million follow-on contract for Arrowhead electro-optical systems for AH-64 Apache helicopter crews. The […]

By Calvin Biesecker Building off its legacy capabilities combined with its purchase last October of the cyber security firm Oakley Networks, Raytheon [RTN] said yesterday it has launched an Information […]

Blackhawk Modifications and Atlantic Turbines International have entered a teaming agreement to expand turbine engine capabilities, forming a new company, Vector-Hawk Aerospace, headquartered in Daleville, Ala. The new company will […]

Rockwell Collins [COL] yesterday said it had closed its acquisition of Unmanned Aerial Vehicle (UAV) subsystem supplier Athena Technologies, which will expand its presence in the UAV market. The deal […]

By Geoff Fein The Coast Guard yesterday unveiled its new 45-foot Response Boat Medium (RB-M), the eventual replacement for the service’s 25-year-old Utility Boat (UT-B). The Coast Guard has 30 […]

By Ann Roosevelt NATIONAL HARBOR, Md.—By June, Boeing [BA] expects to have signed on to a five-year contract to support the CH-47 Chinook helicopter expected to save the service $500 […]