Business/Financial

By Calvin Biesecker General Dynamics [GD] topped a strong year with record quarterly income, sales and free cash flow, driven by exceptional results in both its military vehicle and business […]

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 […]

By Calvin Biesecker United Technology Corp. [UTX] yesterday posted strong fourth quarter results driven by sales and profit gains at each of its operating segments and the diversified industrial company […]

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. […]

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 […]

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 […]

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 […]

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 […]