Business/Financial

General Dynamics [GD] UK yesterday said it reorganized the business toward future growth, and appointed Steve Rowbotham as chief operating officer. General Dynamics will continue to have two primary lines […]

Boeing [BA] yesterday said it recently completed the first flight of the newest CH-47 Chinook–called the Mk6–heavy-lift helicopter for the United Kingdom’s Royal Air Force. The March 15 flight, at […]

Teresa Takai, chief information officer at the Department of Defense, said the department is looking at ways to decrease its use of the Internet while maintaining connectivity. “We’re looking at […]

Bell Helicopter [TXT] yesterday unveiled the Bell V-280 ValorTM, it is tiltrotor offering for the Joint Multi Role/Future Vertical Lift (FVL) Technology Demonstrator (JMR/TD). “The introduction of the Bell V-280 […]

Oshkosh Corp. [OSK] yesterday said it plans to layoff 900 employees between June and July due to expected declines in military truck sales to the Defense Department. The company plans […]

A new business relationship is growing between MBDA and Thales UK Belfast, the core Team Complex Weapons (Team CW) air defense missile development program, consisting of the Common Anti-air Modular […]

The private equity firm Arlington Capital Partners and the management of Britain’s MB Aerospace Holdings, Ltd., have acquired the maker of military aircraft engine and industrial gas turbine components in […]

Federal spending on research and development has more than doubled in the last 20 years but resources for development have come at the expense of basic and applied research, which […]

QinetiQ North America (QNA) yesterday said Gary Slack, the company’s chief financial officer, has been named president and chief operating officer. Slack, who joined QNA in Aug. 2012 from Britain’s […]

General Dynamics [GD] Land Systems yesterday said it has been awarded an additional $40 million for the procurement and production of Saudi M1A2 (M1A2S) Abrams tanks for Saudi Arabia. The […]