Business/Financial

Turkey is looking to buy six Lockheed Martin [LMT] MK 41 Vertical Launch Systems (VLS) as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) said yesterday. […]

The United Kingdom is looking to spend upward of $125 million for 157 Mine Resistant Ambush Protected (MRAP) vehicles as well as associated equipment and services, the Defense Security Cooperation […]

Lockheed Martin [LMT] received a follow-on potential $76.6 million contract for 2008 for Performance Based Logistics (PBL) to support the Target Acquisition Designation Sight/Pilot Night Vision Sensor (TADS/PNVS) and Modernized […]

By Geoff Fein The Navy has lifted a stop work order on a General Dynamics’ [GD] effort to develop a common display system for ships, submarines and aircraft, following a […]

FLIR Systems [FLIR] on Tuesday said it has acquired Spain’s Ifara Tecnologias, a developer and supplier of middleware and client application software used to network sensor systems, for $11.1 million […]

By Emelie Rutherford An Air Force official told Senate authorizers yesterday that a decision on whether to keep open the F-22 Raptor production line needs to be made by November, […]

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 […]