Business/Financial
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Business/FinancialITT Completes Purchase of EDO
ITT Corp. [ITT] last month completed its acquisition of EDO Corp. for $1.7 billion, which includes the assumption of debt, giving it a range of new aerospace and defense capabilities. […]
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Business/Financial
Lockheed Martin Acquires PercepTek
Lockheed Martin [LMT] last month said it has acquired PercepTek, Inc., a developer of autonomous software technologies used in navigation for unmanned ground vehicles and aircraft systems, and automated persistent […]
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Business/Financial
QinetiQ Moves Into Australian Defense Market Through Two Acquisitions
Britain’s QinetiQ yesterday said it has agreed to acquire two Australian defence consulting firms for $17.7 million in cash, marking the company’s first investment in that country as part of […]
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Business/Financial
Northrop Grumman Ship Systems Launches USS
The future USS New York (LPD-21), the fifth ship of the San Antonio-class of amphibious ships, was launched last month from Northrop Grumman [NOC] Ship Systems in Avondale, La., the […]
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Business/Financial
Boeing Signs 10 Year MoU With Hindustan Aeronautics Ltd.
Boeing [BA] and India’s Hindustan Aeronautics Limited (HAL) announced Dec. 20 signing a 10-year Memorandum of Understanding (MOU) intended to bring more than $1 billion of new aerospace manufacturing work […]
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Business/Financial
Northrop Grumman, L-3 Partner On Navy’s EPX Solicitation
Northrop Grumman [NOC] has submitted a proposal with L-3 Communications [LLL] for the U.S. Navy’s EPX aircraft program that will provide a transformational, multi-intelligence capability delivering strike targeting information to […]
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Business/Financial
Raytheon Gets Small Radiation Detection Award
The Domestic Nuclear Detection Office (DNDO) has awarded Raytheon [RTN] a $2.9 million, six-month contract to begin developing a Stand-Off Radiation Detection System (SORDS), marking the second award for the […]
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Business/Financial
Untitled
By Geoff Fein The investigation into welding issues at Northrop Grumman‘s [NOC] Newport News (NGNN) shipyard that initially led to the tying up of the first three Virginia-class submarines earlier […]
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Business/Financial
Boeing Forms New Intel Division To Serve Government Customers
Boeing [BA] formed a new Intelligence and Security Systems (I&SS) division to provide ground-based and other integrated intelligence and security solutions for U.S. government customers, the company said yesterday. Retired […]
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Business/Financial
BAE SYSTEMS Selling Electronic Warfare Unit To Cobham
BAE SYSTEMS recently said it has agreed to sell its Pennsylvania-based Surveillance and Attack business to Cobham plc, for $240 million in cash as it de- emphasizes its role as […]