Business/Financial
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Business/FinancialLockheed Martin Names Leaders For Space and Information Systems Segments
Lockheed Martin [LMT] yesterday announced that Rick Ambrose and Sondra Barbour will take over as heads of the company’s Space Systems and Information Systems & Global Solutions (IS&GS) segments on […]
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Business/Financial
DoD Needs To Assess Requirement For Critical Technologies List, Report Says
A new Government Accountability Office (GAO) report advocates an assessment of the Defense Department’s list of critical technologies–the Militarily Critical Technologies List (MCTL), because that list is “outdated and updates […]
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Business/Financial
Earnings Rebound At Textron As Sales Edge Up In Fourth Quarter
Textron [TXT] yesterday posted higher earnings and sales in its fourth quarter driven by military work as well as demand for commercial helicopters and an increase in the company’s Finance […]
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Business/Financial
Magal Acquires Israeli Network Monitoring And Security Firm WebSilicon
Israel’s Magal Security Systems [MAGS] yesterday said it has acquired Tel Aviv-based WebSilicon Ltd. in a deal aimed at expanding its cyber security offerings. Terms of the deal were not […]
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Business/Financial
GD Swings To $2 Billion Loss In Fourth Quarter On Slowdown In Defense Spending
Squeezed by a drop-off in defense spending, particularly in its information systems business, General Dynamics [GD] yesterday posted a $2.1 billion loss in the fourth quarter due to various non-cash […]
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Business/Financial
L-com Acquires Connectivity Company MilesTek
Low volume network connectivity supplier L-com yesterday said it has acquired MilesTek Corp., a provider of specialized network connectivity products for military and commercial end markets, giving it military avionics […]
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Business/Financial
Raytheon To Apply Shared Services Model Across Company
Raytheon [RTN] last week said that it has established a new Global Business Services (GBS) group to apply the company’s enterprise efficiency initiatives across the entire corporation. Raytheon said that […]
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ArmySikorsky, Boeing, Partner For Joint Multi-Role Support For Future Vertical Lift Effort
Sikorsky Aircraft Corp. [UTX] and Boeing [BA] signed a teaming agreement Jan. 13 to submit a joint proposal in response to the Army Aviation Applied Technology Directorate Broad Agency Announcement […]
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Business/Financial
TSA Discontinues Support For Rapiscan’s AIT Target Recognition Software
OSI Systems [OSIS], a developer and manufacturer of a wide range of detection equipment used for port and aviation security, on Friday said it will take a $2.7 million charge […]
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Business/Financial
Triumph Group To Acquire UTC’s Pump And Engine Control Systems Business
Triumph Group [TGI] and United Technologies Corp. [UTX] on Friday said that Triumph has agreed to acquire the former Goodrich Corp. pump and engine control systems business from UTC, giving […]