Business/Financial

Israel Aerospace Industries (IAI) yesterday reported a steep decline in fourth quarter profits despite strong growth in sales. Net income in the quarter fell 66 percent to $19 million from […]

General Dynamics [GD] and the Navy have successfully integrated the Mission Package Computing Environment (MPCE) for USS Independence (LCS-2), the company said last week. The MPCE, which is located in […]

By Dave Ahearn Boeing [BA] is bidding on a mammoth $18 billion worth of work in the satellites area, including a $7 billion Transformational Satellite (TSAT) opportunity, a $2.5 billion […]

SAIC [SAI] on Tuesday reported strong fourth quarter financial results with sales and earnings rising double digits. Net income increased 18 percent to $99 million, 24 cents earnings per share […]

By Dave Ahearn LINTHICUM, Md.—Northrop Grumman [NOC] yesterday wrapped up a multi-year demonstration program in which it installed a laser system on airliners to defeat shoulder-mounted man-portable weapons that terrorists […]

Alliant Techsystems [ATK] and Ad Astra Rocket Company yesterday said they have signed a Technology Development Alliance aimed at exploring how both companies can work together to develop in-space propulsion […]

By George Lobsenz The Air Force is considering a pilot program to deploy small nuclear power reactors at two of its bases, saying it would complement its ongoing alternative energy […]

By Emelie Rutherford The Government Accountability Office may extend the Air Force’s deadline for responding to Boeing‘s [BA] protest of the service’s award of its tanker contract to a rival, […]

By Geoff Fein Raytheon [RTN] is adding a data link to its AIM-9X Block I Sidewinder missile that will enable in-flight target updating of the missile, a Navy official said. […]

By Dave Ahearn The Missile Defense Agency (MDA) will negotiate a sole-source contract for Boeing [BA] to continue leading the Ground-based Midcourse Defense program, according to an MDA notice Friday […]