Business/Financial

The Defense Advanced Research Projects Agency (DARPA) is seeking teams to compete for a $2 million prize in its forthcoming Robotics Challenge aimed at pushing the state-of-the-art in robotics in […]

L-3 Communications [LLL] yesterday said it has agreed to acquire a civil aircraft simulation and training business from France’s Thales for $132 million in cash on hand. L-3 said the […]

Textron Inc. [TXT] yesterday said its AAI Unmanned Aircraft Systems (UAS) business unit has entered a strategic alliance with KOR Electronics Defense Solutions to integrate KOR’s signals intelligence (SIGINT) equipment […]

Britain’s Cobham yesterday said it is offering $428.3 million to acquire the rest of a Danish satellite communications (SatCom) firm that it currently holds a minority stake in. The offer […]

Bob King, president of the International Union, United Automobile Aerospace & Agricultural, Implement Workers of America (UAW) sent letters last week to the chairmen and ranking members of the House […]

The Coast Guard this week said it has exercised a $78.5 million contract option with the North American division of European Aeronautical Defence and Space Co. (EADS) to purchase two […]

Britain’s Cobham yesterday said that it has acquired a nearly 26 percent stake in the Danish satellite communications company Thrane  & Thrane A/S just weeks after it announced that it […]

NASHVILLE, Tenn.—Bell Helicopter and AAI Unmanned Aircraft Systems, both Textron Inc. [TXT] companies said they have teamed up to develop a Manned Unmanned Operations (MUMO) Capability Development Lab in Huntsville, […]

ReconRobotics, a developer and provider of micro-robotics systems used by the Army and Marine Corps and law enforcement agencies, has acquired the systems engineering firm Xollai, LLC, boosting its capabilities […]

Accenture [ACN] has received a potential five-year, $250-million contract from the Transportation Security Administration (TSA) to consolidate enrollment services at the agency’s Office of Transportation Threat Assessment and Credentialing (TTAC). […]