Business/Financial

By Geoff Fein Although the current plan for seven DDG-1000 class combat ships will see the construction price drop to almost $2.3 billion by the fifth ship, a Navy official […]

The Navy and the NATO Seasparrow Project Office recently awarded Raytheon [RTN] a $17.8 million contract for the MK57, MK29 and MK73 NATO Seasparrow missile systems, the company reported. Under […]

Lockheed Martin [LMT] has achieved a key milestone in the development of the Mobile User Objective System (MUOS) with the successful completion of static loads testing of the first satellite […]

Israel Aerospace Industries (IAI) yesterday reported a steep decline in fourth quarter profits despite strong growth in sales. Net income in the quarter fell 66 percent to $19 million from […]

By Geoff Fein Northrop Grumman‘s [NOC] Sperry Marine British business unit was recently selected to supply the Platform Management System (PMS) for the next Royal Navy Astute-class submarine, HMS Audacious, […]

By Geoff Fein Raytheon [RTN] later this year will test its Laser Area Defense System (LADS) against mortars to demonstrate the military utility for lasers on the battlefield, a company […]

By Dave Ahearn Boeing [BA] is bidding on a mammoth $18 billion worth of work in the satellites area, including a $7 billion Transformational Satellite (TSAT) opportunity, a $2.5 billion […]

SAIC [SAI] on Tuesday reported strong fourth quarter financial results with sales and earnings rising double digits. Net income increased 18 percent to $99 million, 24 cents earnings per share […]

By Dave Ahearn LINTHICUM, Md.—Northrop Grumman [NOC] yesterday wrapped up a multi-year demonstration program in which it installed a laser system on airliners to defeat shoulder-mounted man-portable weapons that terrorists […]

Alliant Techsystems [ATK] and Ad Astra Rocket Company yesterday said they have signed a Technology Development Alliance aimed at exploring how both companies can work together to develop in-space propulsion […]