Business/Financial

Lockheed Martin Wins $1.463 Billion Air Force GPS III Contract The Air Force as expected gave Lockheed Martin Corp. [LMT] the coveted GPS III next-generation military-civilian navigation-satellites contract, the Department […]

But Huge Number Of Aging Workers Poised For Retirement; Engineers, Scientists, Mathematicians Needed Even as the U.S. economy slows, with some economists saying it is in a recession, employment in […]

The Boeing Co. [BA] fired an Advanced Tactical Laser (ATL) weapon — a high-energy chemical laser installed aboard a C-130H aircraft — in ground tests for the first time, the […]

Defense spending will plummet if either Sen. John McCain of Arizona, the presumptive Republican presidential nominee, or Sen. Barak Obama of Illinois, who seeks the Democratic presidential nomination, enters the […]

General Dynamics [GD] in February acquired a small developer and supplier of broadband power amplifiers used in tactical communications systems for $65 million in cash, the company disclosed earlier this […]

By Geoff Fein The Navy is making design changes to its CH-53K heavy-lift helicopter to adjust the center of gravity and to switch to a new rotory damper that will […]

The Defense Security Cooperation Agency (DSCA) notified Congress of a possible Foreign Military Sale to South Korea. South Korea will spend $25 million on a possible sale of 35 AIM-9X […]

Britain’s Cobham plc on Tuesday said it has agreed to acquire the radio frequency and microwave components and subsystems business of M/A-COM from Tyco Electronics [TEL] for $425 million in […]

By Ann Roosevelt Lockheed Martin [LMT] last week held ceremonies marking the delivery of the 5,000th Guided Multiple Launch Rocket System (GMLRS) rocket at company manufacturing facilities in Camden Ark. […]

By Geoff Fein Advances in design, systems and technology make USS Hawaii (SSN-776) more reliable, easier to maintain and combat ready, according to the submarine’s commander. After wrapping up her […]