Business/Financial

Lockheed Martin [LMT] yesterday said it successfully demonstrated its Area Defense Anti-Munitions (ADAM) system in multiple tests against free-flying Qassam-like rocket targets. ADAM System Courtesy Lockheed Martin The prototype laser system […]

Improved performance on submarine and amphibious transport ships drove first quarter profits up at Huntington Ingalls Industries [HII] despite flat sales, the company said yesterday. Net income increased 33 percent […]

HEICO Corp. [HEI.A] yesterday said it has agreed to acquire Reinhold Industries, a designer and manufacturer of niche components and composite assemblies for commercial aviation, defense and space applications, expanding […]

ITT Exelis [XLS] on Friday reported double-digit dips in both its profits and sales amid tightening defense budgets and corporate restructuring charges that lopped $49 million off the bottom line. […]

There are still plenty of wrinkles to be ironed out if the General Services Administration (GSA) wants to get the most out of its One Acquisition Solution for Integrated Services […]

ATK [ATK] yesterday closed its fiscal year on a solid note as net income was up in the double-digits despite a double-digit decline in sales. Net income in the fourth […]

Raytheon [RTN] yesterday announced new headquarters locations for two newly realigned operating segments, with the Intelligence, Information and Services (IIS) business to be located in Northern Virginia and the Space […]

Customs and Border Protection (CBP) this week issued a Request for Proposals from small businesses for the Mobile Video Surveillance System (MVSS), which would consist of a day/night surveillance capability […]

Britain’s Rolls-Royce yesterday said it has acquired California-based Hyper-Therm High Temperature Composites Inc., a producer of ceramic matrix composites (CMCs), which are expected to become the industry standard in the […]

CACI International [CACI] yesterday posted lower net income and sales in its third quarter due to the draw down of war operations in Afghanistan, the effects of sequestration, and higher […]