Business/Financial

By Geoff Fein ATK [ATK] this week successfully tested two unguided Ballistic Trajectory Extended Range Munition (BTERM) rounds, but a rocket motor’s inability to fire on the first of two […]

The Navy earlier this month awarded BAE Systems a $31 million contract for the maintenance, repair and modernization of the guided missile cruiser USS Bunker Hill (CG-52), the first to […]

Raytheon [RTN] yesterday said it has sold intellectual property it has developed that combines radio frequency and critical fluids (CF) technologies for oil extraction to oilfield services provider Schlumberger [SLB] […]

General Dynamics [GD] Canada Jan. 21 announced it has achieved Capability Maturity Model Integration (CMMI) Level 5, the highest rating available from the Software Engineering Institute (SEI). The company’s announcement […]

BAE Systems will develop an interim all-quadrant defensive weapon system for the Air Force’s CV-22 Osprey aircraft, the company reported. The $491,000 contract awarded earlier this month by the U.S. […]

By Calvin Biesecker Britain’s BAE Systems said last Friday that it has agreed to acquire the defense businesses of Australia’s Tenix Group for up to $695.8 million in cash in […]

The Latest Word On Trends And Developments In Aerospace And Defense Undecided. House Minority Leader John Boehner (R-Ohio) told reporters last week that the vacancy on the House Appropriations Committee […]

Raytheon Gets $300 Million Paveway Contracts In 2007, Half Of It In December Raytheon Co. [RTN] received a record $300 million-plus in contracts for its Paveway smart-bomb precision-guided munitions last […]

Britain’s Cobham plc yesterday said it has agreed to acquire SPARTA, Inc., for a net price of $416 million in cash, expanding its business base in the United States, particularly […]

Northrop Grumman [NOC] this week said it will combine its two shipbuilding sectors, Newport News and Ship Systems, into a single operating sector effective Jan. 28. In addition, the company […]