Business/Financial

The pace of mergers and acquisition (M&A) activity in the global aerospace and defense sector remained slow through the first half of 2012 and is the lowest in more than […]

Huntington Ingalls Industries [HII] yesterday reported strong second quarter results posting double digit gains in income and sales as each of its shipbuilding segments performed well. Net income increased 25 […]

Mercury Computer Systems, Inc. [MRCY] yesterday said it has completed its $72 million cash purchase of Micronetics, a designer and manufacturer of microwave and radio frequency components and subsystems for […]

iRobot Corp. [IRBT] yesterday said Frank Wilson joined the company as senior vice president and general manager of its Defense & Security business unit. Wilson will focus on strategic business […]

Boeing [BA] is the first to sign on to a new policy encouraging overseas-based companies to make a firm, long-term commitment to continue business activities in the United Kingdom, the […]

The Navy’s third Littoral Combat Ship (LCS 3), the future USS Fort Worth, has begun her journey to commissioning in Texas and on to her eventual homeport of San Diego. […]

L-3 Communications [LLL] yesterday said it has completed its purchase of the civil aircraft training and simulation business from France’s Thales for about $130 million in cash. The new L-3 […]

Sweden’s Saab AB this week said it has agreed to acquire the Dutch firm HITT N.V. for $38.4 million in line with the company’s strategy to be a global leader […]

Teledyne Technologies Inc. [TDY] yesterday said it has completed its acquisition of test solutions equipment provider LeCroy Corp. for $291 million, including debt. New York-based LeCroy makes oscilloscopes, protocol analyzers […]

MBDA Germany yesterday said it has supplied a missile threat simulation tool to the German Federal Office of Defense Technology and Procurement (BWB). This system allows simulation of all types […]