Business/Financial

The German Ministry of Defence has tapped Krauss-Maffei Wegmann GmbH & Co. KG (KMW) under an approximately $46.4 million deal to supply 10 new Fennek reconnaissance vehicles to the armed […]

By Michael Sirak The Boeing [BA] HH-47 helicopter will prevail once again in the Air Force’s revised CSAR-X competition because it is the best platform for the combat- search-and-rescue mission, […]

By Ann Roosevelt Missile Defense Agency (MDA) Director Air Force Lt. Gen. Trey Obering yesterday announced that a seeker characterization test Dec. 3 for the Net-Centric Airborne Defense Element (NCADE) […]

The Air Force and a Boeing [BA]-led industry team have demonstrated in-flight the ability of unmanned aircraft to rendezvous autonomously with tanker aircraft so that they could be refueled in […]

Axsys Technologies [AXYS] on Monday said it has sold its non-core Distributed Products business and has realigned its organizational structure to focus on its security, defense and space markets. Under […]

By Calvin Biesecker The Transportation Security Administration (TSA) and Continental Airlines [CAL] kicked off a new pilot project this week at George Bush International Airport that allows passengers to receive […]

General Dynamics [GD] United Kingdom Limited subsidiary yesterday announced it is collaborating with the University of the West of England (UWE), the Imperial College London, the Home Office Scientific Development […]

By Jen DiMascio The Army is considering Stryker vehicles as an option for replacing the M113 armored personnel carrier–the highest density vehicle in the fleet. The Army "absolutely" wants to […]

Wyle said yesterday it has agreed to acquire RS Information Systems (RSIS), significantly expanding the company’s capabilities and customer base in the federal information technology (IT) sector and also giving […]

iRobot [IRBT] yesterday said it has teamed with Santa Barbara, Calif.-based Advanced Scientific Concepts. The deal grants iRobot the exclusive rights to develop and market ASC’s 3-D Flash Laser Radar […]