Business/Financial

Raytheon [RTN] on Friday named Brian Seagrave as its new vice president of Homeland Security responsible for leading the company’s strategy for growth in security markets worldwide. Seagrave, who joins […]

By Geoff Fein The Navy’s next multi-year Virginia-class submarine contract, expected to be signed by the end of the year, will not only mark the beginning of building two subs […]

Gerstenmaier Sees High Interest, Many Bids For NASA Space Transport Vehicle Work To Be Awarded In June; Competition May Be Intense NASA Moving To Fill Void Created By Shuttles Retiring; […]

By Calvin Biesecker Raytheon [RTN] yesterday posted strong first quarter financial results driven by growth across each of its operating segments and lower expenses although the company left its guidance […]

By Calvin Biesecker As expected, Northrop Grumman‘s [NOC] first quarter profits plunged due to a hefty charge at its shipbuilding operations yet the company still managed to beat analysts’ expectations […]

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 […]

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 […]

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 […]

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 […]

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 […]