Business/Financial

QinetiQ March 3 announced it signed with the U.K. MoD a five-year, approximately $1.8 billion firm price agreement confirming price, volume and availability for the Long Term Partnering Agreement (LTPA) […]

By Jen DiMascio In a surprise decision, the Air Force on Friday picked a Northrop Grumman [NOC]-European Aeronautic Defense and Space Co. (EADS) team over Boeing [BA] to develop and […]

IBM [IBM] last week lodged a protest with the Government Accountability Office (GAO) over its loss to Lockheed Martin [LMT] for a potential $1 billion contract to develop a multi-modal […]

Lockheed Martin [LMT] announced Feb. 27 it signed a cooperative research and development agreement (CRADA) with the Army’s Communications-Electronics Research Development and Engineering Center’s (CERDEC) Intelligence and Information Warfare Directorate […]

By Jen DiMascio The Air Force chief of staff yesterday indicated he would welcome discussions with the defense secretary about opening the F-22 Raptor to foreign military sales. The sale […]

By Geoff Fein Any plan to sacrifice a DDG-1000 to buy other ships could impact the Navy’s surface combatant lines as the service begins developing new classes of ships, the […]

General Dynamics [GD] announced Feb. 25 the Army awarded its Robotic Systems unit an indefinite delivery/indefinite quantity contract with a total potential value of $40 million for production of the […]

Northrop Grumman [NOC] and Loral Space & Communications [LORL] will work together in seeking government satellite contracts, the companies announced Wednesday. Loral Space is a unit of Space Systems/Loral (SS/L), […]

Britain’s BAE Systems recently said net income last year fell 44 percent due to a one time benefit the company received in 2006 related to the sale of its stake […]

General Dynamics [GD] United Kingdom Limited has begun rolling out enhanced communications and data capabilities for the Bowman tactical communications system. The U.K. Ministry of Defence has formally accepted the […]