Business/Financial

Britain’s BAE Systems said last recently it has agreed to acquire the defense businesses of Australia’s Tenix Group for up to $695.8 million in cash in a deal that would […]

By Geoff Fein The Navy last month awarded Raytheon [RTN] a contract worth nearly $55 million to retrofit 135 Boeing [BA] F/A-18 Super Hornets with APG-79 Active Electronically Scanned Array […]

By Jen DiMascio The nation’s two largest defense contractors–Boeing [BA] and Lockheed Martin [LMT]–are expected to announce today that they will join forces in an effort to make the Air […]

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong profit gains in each of its business sectors due to higher sales and improved performance although net income was flat due […]

The J-2X rocket engine for the next-generation U.S. spacecraft rocket aced tests, according to Pratt & Whitney Rocketdyne, a United Technologies [UTX] unit. That engine will power the Ares launch […]

By Calvin Biesecker United Technology Corp. [UTX] yesterday posted strong fourth quarter results driven by sales and profit gains at each of its operating segments and the diversified industrial company […]

By Calvin Biesecker General Dynamics [GD] topped a strong year with record quarterly income, sales and free cash flow, driven by exceptional results in both its military vehicle and business […]

By Geoff Fein ATK [ATK] this week successfully tested two unguided Ballistic Trajectory Extended Range Munition (BTERM) rounds, but a rocket motor’s inability to fire on the first of two […]

The Navy earlier this month awarded BAE Systems a $31 million contract for the maintenance, repair and modernization of the guided missile cruiser USS Bunker Hill (CG-52), the first to […]

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. […]