Business/Financial

By Ann Roosevelt NATIONAL HARBOR, Md.—Lockheed Martin [LMT] April 7 announced the Army awarded it a $172 million follow-on contract for Arrowhead electro-optical systems for AH-64 Apache helicopter crews. The […]

By Calvin Biesecker Building off its legacy capabilities combined with its purchase last October of the cyber security firm Oakley Networks, Raytheon [RTN] said yesterday it has launched an Information […]

Blackhawk Modifications and Atlantic Turbines International have entered a teaming agreement to expand turbine engine capabilities, forming a new company, Vector-Hawk Aerospace, headquartered in Daleville, Ala. The new company will […]

Rockwell Collins [COL] yesterday said it had closed its acquisition of Unmanned Aerial Vehicle (UAV) subsystem supplier Athena Technologies, which will expand its presence in the UAV market. The deal […]

By Geoff Fein The Coast Guard yesterday unveiled its new 45-foot Response Boat Medium (RB-M), the eventual replacement for the service’s 25-year-old Utility Boat (UT-B). The Coast Guard has 30 […]

By Ann Roosevelt NATIONAL HARBOR, Md.—By June, Boeing [BA] expects to have signed on to a five-year contract to support the CH-47 Chinook helicopter expected to save the service $500 […]

Vought Aircraft Industries Inc. recently signed a $400 million contract with the Bell Helicopter Textron [TXT] to manufacture tail parts including the empennage, ramp and ramp door, for the V-22 […]

By Geoff Fein Boeing [BA] last week began final assembly of the first P-8A Poseidon to provide increased capability in long-range anti-submarine warfare, anti- surface warfare, intelligence, surveillance and reconnaissance […]

Honeywell [HON] on Friday said it has agreed to acquire Norcross Safety Products, LLC, a provider personal protective equipment for the fire service, utility and general industrial markets, for $1.2 […]

French securities market authorities have alleged that European Aeronautic Defence and Space Co. executives engaged in insider trading involving stock options, during 2005- 2006. The charges include breach of market […]