Business/Financial
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Business/FinancialLockheed Martin Business Lays Off 308 Employees To Drive Affordability
Citing the need to improve efficiency and affordability, Lockheed Martin’s [LMT] Mission Systems & Sensors (MS2) business on Tuesday said it is laying off 308 employees. The lay offs come […]
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Business/Financial
GD Tests IFT Solution In Preparation For CBP Run-Off
General Dynamics [GD] has tested the solution it is proposing for an electronic surveillance network that Customs and Border Protection (CBP) hopes to begin deploying next year along portions of […]
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Business/Financial
Aerojet Forming Subsidiary To Expand Business In Europe
GenCorp’s [GY] Aerojet division yesterday said it is entering the final stages of establishing a European subsidiary for it to develop and produce space thrusters, space propulsion and related products […]
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Business/Financial
Obama Official To Testify About Looming DoD Cuts
The White House’s budget chief will testify before the House Armed Services Committee (HASC) next month about potential defense budget reductions after the panel’s chairman prodded the administration to share […]
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Business/Financial
J.F. Lehman & Co. Acquires Cobham’s Rescue Beacon Business
The private equity firm J.F. Lehman & Co. yesterday said it has acquired a rescue beacon business from Britain’s Cobham plc for $73 million. Cobham said that the ACR Electronics, […]
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Business/Financial
SNC, Exelis Partner To Offer Aircraft-Based Surveillance Services
Hoping to capitalize on potential demand from their non-military customers for certain mission needs amid an austere budget environment, Sierra Nevada Corp. (SNC) and ITT Exelis [XLS] yesterday said they […]
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Business/Financial
GeoEye Exec Confident EnhancedView Will Get Congressional Funding
A GeoEye Inc. [GEOY] executive is confident Congress will restore funding for commercial satellite imagery thanks to support from a key committee and an influential lawmaker. “GeoEye continues to receive […]
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Business/Financial
Stapleton Group, ECI, Form Strategic Alliance
Stapleton Group and Explosive Countermeasures International Inc. (ECI), yesterday said they have established a strategic alliance between the two companies, continuing to build upon a 15 year professional relationship. This […]
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ArmyDynCorp To Continue Support For 160th SOAR
DynCorp (DI) yesterday said Army Special Operations Aviation Command (USASOAC) has awarded it a task order under the Contract Field Teams (CFT) contract to provide aviation support to the 160th […]
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Business/Financial
ITT Exelis Acquires Signal Processing Firm Space Computer Corp.
ITT Exelis [XLS] said on Monday that it has acquired a small company that produces real-time signal processing systems software and algorithms for exploiting hyperspectral data. Terms of the deal […]