Business/Financial

The Safariland Group yesterday said it has acquired certain assets from Lithuania’s Arveka TGS, a designer and manufacturer of body armor and personal protection equipment, growing its international business and […]

Northrop Grumman [NOC] yesterday said it is designating five centers of design and integration excellence in support of manned aircraft, unmanned systems, electronic attack, and two for aircraft integration. The […]

ITT Exelis [XLS] on Friday posted a jump in net income due to the absence of any significant costs related to its spin-off as a public company more than a […]

 Sikorsky and Boeing Image Sikorsky Aircraft Corp.[UTX], and Boeing [BA] yesterday said they will submit a joint proposal by March 6 to build a demonstrator aircraft–based on Sikorsky’s X2™ Technology […]

The impact of existing and looming budget cuts facing the Defense Department from an ongoing budget resolution and sequestration in FY ’13 alone would have a severe impact on some […]

Lockheed Martin [ LMT] yesterday said it recently demonstrated the ability of its Direct Attack Guided Rocket (DAGR) missile to launch from a ground vehicle during a series of flight […]

General Dynamics [GD]’s Armament and Technical Products unit yesterday said it recently was awarded two Army contracts including $210.4 million for the production of Hydra-70 air-to-ground rockets and $13.5 million […]

Huntington Ingalls Industries [HII] yesterday reported lower fourth quarter net income due to higher workers compensation and tax expenses while sales increased due to gains at both of the company’s […]

The National Steel and Shipbuilding Company (NASSCO), which builds and maintains Navy ships, has informed hundreds of workers that they could start losing their jobs by the end of April […]

In this period of transition between conflict and peace, defense acquisition and sustainment must find the balance between effectively supporting warfighters and the demand for more efficiency, a new report […]