Business/Financial

Kratos Defense & Security Solutions [KTOS], the United States-based division of Britain’s QinetiQ, and Wyle have formed a joint venture to pursue a rapid design, demonstration and integration program in […]

ITT Exelis [XLS] on Friday posted higher sales but lower income in the first quarter as costs related to its spin-off from ITT Corp. [ITT] and higher interest expense weighed […]

ATK [ATK] yesterday reported operating results for Fiscal Year 2012, reflecting net income down from the year before. For the year ending March 31, the company the company reports net […]

BAE Systems yesterday said it has agreed to sell its Safariland business unit that makes products for law enforcement customers in the United States and globally to Kanders & Co., […]

DynCorp International, Force Protection Industries [GD], Oshkosh Defense [OSK] and McLane Advanced Technologies yesterday unveiled a new joint venture, Mission Readiness, to compete for a potential $3 billion-plus contract for […]

Serco Inc. has protested a potential $888.7 million contract that U.S. Citizenship and Immigration Services (USCIS) awarded to U.S. Investigations Services (USIS) last month to help support the agency’s work […]

DRS Technologies yesterday said it will move its corporate headquarters from New Jersey to Northern Virginia and that it has also realigned its operating structure to better serve its customers. […]

The non-profit science and technology firm Noblis, Inc., last week said it has acquired ElanTech Systems, Inc., a small firm that provides systems engineering, program management, acquisition and other services […]

Bolstered by strong operating results at its business segments, Lockheed Martin [LMT] yesterday posted a double-digit increase in first quarter earnings amid solid sales and the company announced plans for […]

Raytheon [RTN] yesterday reported higher net income in its first quarter driven by the absence of a charge that dented earnings a year ago and improved performance at some of […]