Business/Financial

DRS Technologies [DRS] last week reported record third quarter financial results due to strong organic growth and margins across its operating businesses. Net income increased 21 percent to $42.6 million, […]

Raytheon [RTN] Integrated Defense Systems has joined the CSI Halifax Team that is responding to the Canadian Navy’s $1.1 billion Halifax-class Modernization (HCM)–Combat Systems Integration (CSI) program, according to General […]

Lockheed Martin [LMT] announced the award of $194 million from the Army Aviation & Missile Command for production of the combat-proven Army Tactical Missile System (ATACMS). The contract includes the […]

The U.K. Ministry of Defence Feb. 6 announced it awarded Thales UK an initial six-month contract valued at about $7.8 million to undertake the Systems of Systems Integrator (SOSI) role […]

The governments of France and the United States have signed a Letter of Offer and Acceptance for the sale of Lockheed Martin‘s [LMT] precision-strike laser-guided Hellfire II missiles to France. […]

The U.K. Ministry of Defence Feb. 6 announced it awarded Thales UK an initial six-month contract valued at about $7.8 million to undertake the Systems of Systems Integrator (SOSI) role […]

L-3 Communications [LLL] on Tuesday said it will be increasing its quarterly stock dividend by 20 cents to 30 cents per share, a move that is in line with its […]

SRA International [SRX] yesterday reported higher second quarter earnings and sales, which were driven largely by acquisitions. Net income increased 8 percent to $18 million, 30 cents earnings per share […]

BAE Systems will develop an interim all-quadrant defensive weapon system for the Air Force’s CV-22 Osprey aircraft, the company reported. The $491,000 contract awarded earlier this month by the U.S. […]

General Dynamics [GD] European Land Systems recently said its General Dynamics Santa Barbara Sistemas operations in Spain has signed a $64 million contract with the Spanish army for the supply […]