Business/Financial

The Transportation Security Administration (TSA) this week awarded separate contracts worth a combined $1.1 billion to L-3 Communications [LLL] and Morpho Detection, Inc. (MDI), to supply medium-speed explosives detection systems […]

LORD Corp. this week said it has agreed to acquire micro-sensor developer and supplier MicroStrain Inc., expanding its capabilities and geographic footprint. Terms of the deal were not disclosed. LORD, […]

Britain’s Chemring Group last week said that the private equity firm The Carlyle Group has expressed its interest in acquiring the company with a decision expected next month. Chemring said […]

Lawmakers pointed fingers at each other yesterday after a new report predicted the economy will go into a recession next year if several things happen–including the start of across-the-board defense cuts–that observers call […]

Republican vice presidential candidate Rep. Paul Ryan (R-Wis.) plans to meet with the defense industry today, when analysts will be listening for any details on his and GOP presidential hopeful […]

Moog Inc. [MOG] yesterday said it has acquired Britain’s Tritech International for $33.3 million in cash boosting its marine product portfolio. Tritech supplies equipment for the remotely operated vehicle and […]

The Army last night awarded AM General, Lockheed Martin [LMT] and Oshkosh (OSK) contracts totaling about $185 million for the engineering and manufacturing development (EMD) phase of its planned family […]

Accenture Federal Services [ACN] yesterday said the company completed deployment of the General Fund Enterprise Business System (GFEBS) in July, and the enterprise resource planning system is now operational. The […]

The Department of Homeland Security’s (DHS) program that uses biometrics to verify the identities of foreign nationals seeking to enter the United States continues to expand and grow in complexity, […]

Six competitors are awaiting the potential award of as many as three engineering and manufacturing development (EMD) contracts for the planned Army-Marine Joint Light Tactical Vehicle (JLTV) program. The goal […]