Business/Financial

By Dave Ahearn The Navy Wednesday night obliterated a nonfunctional intelligence satellite using the Lockheed Martin [LMT] Aegis weapon control system and a Raytheon [RTN] Standard Missile-3 fired from a […]

The initial deadline for Congress to object to the sale of the Joint Direct Attack Munition (JDAM) to Saudi Arabia has passed, opening the door for the administration to legally […]

Northrop Grumman [NOC] Feb. 19 announced MBDA Italia has selected the company to provide the navigation and localization system for the U.S., German and Italian Medium Extended Air Defense System […]

Boeing [BA] recently delivered the first of four KC-767 aerial refueling tankers to Japan. "The KC-767 will have an immediate impact and significantly increase Japan’s capabilities," said Jim Albaugh, president […]

By Ann Roosevelt Northrop Grumman [NOC] and Oshkosh Corp. [OSK] Feb. 20 announced they have selected Israel’s Plasan, a leading developer and manufacturer of add-on armor systems for the military […]

The Air Force has awarded Boeing [BA] a $49 million contract for laser technology development. The Laser Application Support and In-house Research and Development (LASIR) contract calls for Boeing to […]

SI International [SINT] yesterday posted lower net income despite higher sales as higher operating expenses outpaced the gain in sales. Net income fell 13 percent to $5.2 million, 39 cents […]

By Dave Ahearn NASA selected Orbital Sciences Corp. of Dulles, Va., to receive up to $170 million in federal seed money to spur Orbital and its team of companies to […]

The United Kingdom’s Home Office awarded Raytheon [RTN] an additional $179 million under the e-Borders program for extended functionality and services. The extended functionality and services relates to other passenger […]

Analogic [ALOG] has received a $15 million contract from L-3 Communications [LLL] for Explosive Assessment Computed Tomography (EXACT) systems that serve as the core to L-3’s eXaminer 3DX Explosives Detection […]