Business/Financial
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Business/FinancialSparton Acquires Cable And Wire Harness Firm
Sparton Corp. [SPA] on Friday said it has acquired Creonix, a small Florida-based company that manufactures complex electromechanical devices and engineers and manufactures cables and wire harnesses for the industrial, […]
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Business/Financial
GD Appoints Kirchmaier To Lead Advance Information Systems
General Dynamics [GD] yesterday said that Thomas Kirchmaier has been appointed president of the Advanced Information Systems business, part of the Information Systems and Technology (IS&T) group. Kirchmaier, 56, succeeds […]
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ArmyLockheed Martin Delivers First Apache Modernized Day Sensor Laser Range Finder
Lockheed Martin [LMT] yesterday said it recently delivered the first Modernized Day Sensor Assembly (M-DSA) Laser Range Finder Designator (LRFD) to the Army for the AH-64D/E Apache helicopter. The modernized […]
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Business/Financial
TransDigm Completes Acquisition Of Arkwin Industries
TransDigm [TDG] on Wednesday said it has completed its $286 million cash acquisition of Arkwin Industries, giving it new products and additional aftermarket exposure. New York-based Arkwin, which had $95 […]
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Army
Lockheed Martin PAC-3 MSE Destroys Two Different Threat Targets In Test
Lockheed Martin’s [LMT] PAC-3 Missile Segment Enhancement (MSE) missile yesterday successfully intercepted and destroyed two different threat representative targets during a flight test at White Sands Missile Range, N.M. The […]
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Business/Financial
TransDigm Gains Controlling Interest In Aerosonic
TransDigm Group Inc. [TDG] yesterday said it has completed its cash tender offer for Aerosonic Corp., giving it a controlling interest in the small aerospace firm. TransDigm is paying $7.75 […]
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Business/Financial
MB Aerospace Acquires Engine Components Manufacturer Delta Industries
Britain’s MB Aerospace on Monday said it has acquired Connecticut-based Delta Industries, a manufacturer of engine components for the aerospace and defense industries, expanding its capabilities in aero engines as […]
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Business/Financial
SAIC’s First Quarter Income, Sales Fall On Weakness In Defense, Intel Business
SAIC [SAI] on Monday reported lower first quarter earnings and sales due to declines in its defense and intelligence related business, results that were in line with its expectations. Net […]
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Army
Wyle Work Expected To Increase Availability of Army Systems At Lower Cost.
Wyle yesterday said it has been awarded a $46.8 million contract to provide logistics, engineering, technical, programmatic and field engineering services for a variety of missile and close combat weapon systems […]
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Business/Financial
White House To Send Congress Proposal To Curtail Contractor Reimbursements
The White House last Thursday said it will send to Congress this week a legislative proposal that would reduce the cap on reimbursements related to executive pay and bonuses incurred […]