Business/Financial

An overseas defense contractor announced it will buy outright a U.S. defense-related company, even as a friendly nation vetoed a plan for just a portion of one of its defense- […]

Franks Sees Chance To Reverse House Funding Cuts In Missile Defense Programs, Including One That Could Protect Israel From Iranian Missile Attack Congressman Notes Israel Predicts Iran May Have Nuclear […]

The Constellation Program now developing the next-generation Orion space capsule and Ares rocket has enough financial cushioning that it probably could finesse a congressional decision to freeze program funding at […]

General Dynamics [GD] in February acquired a small developer and supplier of broadband power amplifiers used in tactical communications systems for $65 million in cash, the company disclosed earlier this […]

The Defense Security Cooperation Agency (DSCA) notified Congress of a possible Foreign Military Sale to South Korea. South Korea will spend $25 million on a possible sale of 35 AIM-9X […]

Britain’s Cobham plc on Tuesday said it has agreed to acquire the radio frequency and microwave components and subsystems business of M/A-COM from Tyco Electronics [TEL] for $425 million in […]

By Geoff Fein The Navy is making design changes to its CH-53K heavy-lift helicopter to adjust the center of gravity and to switch to a new rotory damper that will […]

By Geoff Fein Advances in design, systems and technology make USS Hawaii (SSN-776) more reliable, easier to maintain and combat ready, according to the submarine’s commander. After wrapping up her […]

By Calvin Biesecker Italy’s Finmeccanica said late Monday that it has agreed to acquire DRS Technologies [DRS] for $5.2 billion, including debt, in a deal that would give it a […]

By Ann Roosevelt Lockheed Martin [LMT] last week held ceremonies marking the delivery of the 5,000th Guided Multiple Launch Rocket System (GMLRS) rocket at company manufacturing facilities in Camden Ark. […]