Business/Financial
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Business/FinancialBAMS Gives Navy Foothold In UAS World, Official Says
By Geoff Fein Although the system design and development contract (SDD) for the Navy’s Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS) was three years late, the award earlier […]
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Business/Financial
Boeing Posts Strong Earnings On Operating Performance, Lower Expenses
By Calvin Biesecker Driven by strong operating performance at its commercial aircraft and defense divisions combined with lower compensation and pension expenses, Boeing [BA] yesterday posted strong first quarter net […]
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Business/Financial
Combat Systems, Business Jets Propel GD To Strong First Quarter
By Calvin Biesecker General Dynamics [GD] yesterday reported strong first quarter sales and earnings results led by its Combat Systems and Aerospace Segments, leading company CEO Nicholas Chabraja to signal […]
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Business/Financial
EADS North America Makes A Deal, In the Public Safety Space
By Calvin Biesecker Following on the heels of its recent surprise win in the Air Force tanker competition and expectations that it would begin moving to further expand its footprint […]
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Business/Financial
Northrop Grumman Wins Navy’s BAMS Contract
By Geoff Fein The Navy yesterday awarded Northrop Grumman [NOC] a $1.16 billion contract to develop the Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS), beating out teams led […]
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Business/Financial
Lockheed Martin Opens 2008 With Solid Earnings And Sales
By Calvin Biesecker Lockheed Martin [LMT] yesterday reported solid first quarter financial results with each of its operating segments posting higher earnings, led by strong performance in the Space Systems […]
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Business/Financial
Lockheed Martin Partners With Rice Univ. On Nanotechnology
Lockheed Martin [LMT] and Rice University yesterday announced the formation of a strategic partnership focused on the development of nanotechnology for applications in electronics, energy and security. The partnership includes […]
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ArmyiRobot FCS Contract Work Tops $60 Million
By Ann Roosevelt iRobot Corp. [IRBT] Future Combat Systems (FCS) contract is now valued at about $63 million with the April 21 announcement of a $6 million agreement on the […]
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Business/Financial
SAIC Completes Purchase of Icon Systems
SAIC [SAI] yesterday said it has completed its acquisition of military training firm Icon Systems, Inc., in a deal that strengthens its position in the live training environment and provides […]
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Air ForcePentagon’s Acquisition Chief Taking Steps To Improve Program Execution
By Geoff Fein The Pentagon’s chief weapons buyer is looking to a number of efforts such as competitive prototyping to improve program execution and help deliver systems and technologies to […]