Business/Financial

L-1 Identity Solutions [ID] recently said it as agreed to acquire Bioscrypt Inc., a Canadian-based firm specializing in biometric access control primarily for commercial customers, for about $44 million in […]

Britain’s Cobham plc yesterday said it has agreed to acquire SPARTA, Inc., for a net price of $416 million in cash, expanding its business base in the United States, particularly […]

Northrop Grumman [NOC] this week said it will combine its two shipbuilding sectors, Newport News and Ship Systems, into a single operating sector effective Jan. 28. In addition, the company […]

The Missile Defense Agency gave Lockheed Martin [LMT] a $40.4 million contract change to provide ballistic missile defense (BMD) capability to a Japanese Aegis-equipped destroyer, the JS Myoko, the company […]

By Jen DiMascio Airbus executives and Alabama politicians yesterday said that the company would produce commercial freighters in Mobile, as long as its parent, the European Aeronautic Defence and Space […]

By Calvin Biesecker The State Department yesterday awarded General Dynamics [GD] a potential $72.7 million contract to produce its new border travel document, the PASS Card, beating L-1 Identity Solutions […]

By Geoff Fein MTC Technologies [MTCT] will return $683,000 in performance-based payments and pay $474,000 in program costs to the Marine Corps after entering into a cancellation agreement relating to […]

By Calvin Biesecker BAE Systems said on Friday it will be tripling its annual contribution to a non-profit group that aims to inspire school children to be science and technology […]

The Navy Friday awarded Northrop Grumman [NOC] Newport News, Newport News a $595.9 million modification to previously awarded contract for the continuation of CVN-78 class design effort; long-lead time material […]

Thai Aviation Industries has awarded Rockwell Collins [COL] the second phase of a contract to upgrade the Royal Thai Air Force’s (RTAF) fleet of C-130 aircraft with integrated Communications, Navigation, […]