Business/Financial

Elbit Systems Ltd. [ESLT] yesterday said it was awarded an approximately $160 million contract by an unnamed European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied […]

L-3 WESCAM [LLL] yesterday said it has been awarded an in-service support contract valued at $10 million by Public Works and Government Services Canada on behalf of the Canadian Department […]

About Lockheed Martin [LMT] 500 employees at the company’s aerospace plant in Fort Worth, Texas, represented by two separate unions ratified new labor agreements with the company last week . […]

El PASO, Texas–For the first time, the full cycle of the Army’s Agile Acquisition process is in place incorporating Network Integration Evaluation (NIE) 12.2, something the service expects will save […]

Northrop Grumman [NOC] yesterday said it is increasing its quarterly dividend by 10 percent to 55 cents per share payable June 13. “Today’s dividend increase demonstrates our confidence in the […]

Soldiers in Afghanistan have found a new use for the anti-armor Javelin weapon: against insurgents, where the pinpoint accuracy of the missile allows it to be used within the rules […]

GTSI Corp. [GTSI], still reeling from a Small Business Administration (SBA) investigation begun in 2010 into its alleged use of small businesses to obtain federal contracts, said last week that […]

Sikorsky Aircraft  [UTX] and Terma A/S last week said they have extended and broadened their previously announced Memorandum of Understanding (MoU) to explore additional potential collaborations on aircraft programs. Both […]

Huntington Ingalls Industries [HII] yesterday posted lower net income in the first quarter as higher expenses weighed on an otherwise solid operating performance at the company’s two shipbuilding divisions. Net […]

Kratos Defense & Security Solutions [KTOS] this week said it has agreed to acquire Composite Engineering, Inc. (CEI), for $155 million, giving it capabilities in composite structures and in the […]