Business/Financial

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Bell Helicopter Textron [TXT] said it recently hosted a high ranking delegation from the Chilean Air Force (FACH) for a contract signing ceremony in which Gen. Julio Escobar committed the […]

Customs and Border Protection this week issued a Request for Information (RFI) for existing Conveyance Security Devices (CSDs) mounted inside cargo containers to meet requirements that appear less robust than […]

The Defense Security Cooperation Agency (DSCA) Dec. 17 notified Congress of a possible $147 million Foreign Military Sale to the United Kingdom of Mine Resistant Ambush Protected (MRAP) vehicles as […]

The Pentagon continues to award the overwhelming preponderance of its prime contracts, both in percentage and dollar terms, to domestic contractors, according to the latest report on the subject by […]