Business/Financial

The Pentagon is struggling to cut costs and make its acquisition process faster and more affordable, but faces budget cuts and potential sequestration that would strip $500 billion in across-the-board […]

Lockheed Martin [LMT] yesterday said it has acquired Chandler/May, Inc., a small firm that develops and supplies small unmanned aircraft systems (UAS) and ground control systems for UAS, in a […]

Precision Castparts [PCP] last week said it entered into a definitive agreement to acquire Titanium Metals Corporation [TIE] for $16.50 per share in cash. The transaction values Titanium Metals Corporation […]

Lockheed Martin CEO Robert Stevens said Friday that his named successor has been fired for allegedly engaging in an affair with a subordinate, and announced a new replacement to run […]

Huntington Ingalls Industries [HII] last week reported a third quarter profit on flat sales, although persistent problems in a series of ships it is building for the Navy resulted in […]

Customs and Border Protection (CBP) said it plans to award a sole-source contract to General Atomics to buy up to 14 additional MQ-9 Predator unmanned aircraft systems (UAS) and related […]

A top Canadian official Friday said the government has awarded a $133.3 million contract modification to General Dynamics Land Systems-Canada [GD] to upgrade 66 LAV III vehicles.   This award […]

General Dynamics [GD] C4 Systems yesterday said it received an order from the Army to deliver a new secure radio for Nett Warrior soldiers. The Low-Rate Initial Production order for […]

Pennsylvania State Sen. John Blake (D) is concerned about the potential end of M1 Abrams tank production and wrote to Vice President Joe Biden that he agrees with President Obama […]

The fiscal uncertainty looming over the U.S. government and the possibility of budget sequestration has continued to slow mergers and acquisitions in the defense and aerospace industries, according to a […]