Business/Financial

Northrop Grumman [NOC] yesterday said it has appointed James Culmo vice president of the company’s newly-formed High-Altitude, Long Endurance (HALE) Enterprise. Culmo will lead the HALE Enterprise organization, comprising unmanned […]

European Aeronautic Defence and Space Co. (EADS) is in the process of a strategic review to determine its future after its failed merger with Britain’s BAE Systems, its head of […]

Textron [TXT] yesterday reported higher net income and sales in its third quarter driven by strong results at its Bell segment, higher industrial sales and a swing to an operating […]

Icahn Enterprises [IEP] yesterday launched its planned tender offer for control of Oshkosh Corp. [OSK], saying it is offering the truck maker’s shareholders $32.50 for each share of common stock. […]

Northrop Grumman [NOC] yesterday said it has received a contract to build a cyber security test range in Australia. The value of the award was not disclosed. The test range […]

The consulting and professional services firm Booz Allen Hamilton [BAH] yesterday said it has agreed to acquire the defense engineering services business of ARINC, Inc., for $154 million in cash, […]

KEYW Corp. [KEYW] yesterday said it has completed its acquisition of Sensage Inc., a developer and provider of cyber security threat awareness software solutions that is a key ingredient in […]

The O’Gara Group yesterday said it has agreed to acquire the commercial armoring division of BAE Systems, bolstering its business that armors commercial vehicles for government customers.   The pending […]

China and other Asian nations with substantial militaries have double their defense spending over the past decade, though future growth is contingent upon their economies, a new report says. China, […]

Defense Secretary Leon Panetta charged companies are not investing enough in cybersecurity and said the nation is at risk because Congress has not passed legislation intended to ensure critical-infrastructure providers […]