Business/Financial
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ArmyNorthrop Grumman, DRS Technologies, Deliver Next-Gen Army Test System
Northrop Grumman [NOC] and DRS Technologies yesterday said they delivered the first Next Generation Automatic Test System (NGATS) to the Army. A mobile, rapidly deployable and reconfigurable general purpose Automatic […]
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Army
JLTV Timing Scuttles Potential Ford Proposal
Ford Motor Co. [F] and its team of Raytheon [RTN] and Future Force have decided not to bid for the Army-Marine Joint Light Tactical Vehicle (JLTV). “Ford has a long […]
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Business/FinancialLawmaker Asks If Obama Plan Would Spur Unwanted Exports
A senior lawmaker questioned yesterday if the Obama administration’s proposal to loosen rules for the export of some military equipment could result in U.S. equipment unintentionally ending up in China. […]
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Army
Volvo Group, Patria, Sign MoU To Offer Swedish Armed Forces Lifecycle Support
Volvo Group and Finnish defense group Patria yesterday said they have signed a Memorandum of Understanding (MoU) to cooperate to offer the Swedish Defense Materiel Administration (FMV) life-cycle support services […]
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Business/Financial
Engineering Firm The Berger Group Acquires Ranger International Services
The global engineering firm The Berger Group of Companies has acquired Ranger International Services Group (RISG), an aviation, logistics and engineering services company serving the Defense Department, government agencies and […]
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Army
Nomination For Army Acquisition Chief Heads To Senate
The President yesterday sent the the nomination of Heidi Shyu to be the Army’s acquisition chief to the Senate. Shyu has been acting assistant Secretary of the Army (Acquisition, Logistics […]
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Business/Financial
U.K. Shortlists Four Companies For Training Management
The Defence Infrastructure Organization (DIO) Friday revealed the four bidders for a potential $1.5 billion new national contract to manage the United Kingdom training property. The companies are: Babcock Support […]
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Business/Financial
L-3, SAIC Nab TSA Awards For Reduced Size Explosive Detection Systems
The Transportation Security Administration (TSA) last week awarded separate contracts to L-3 Communications [LLL] and SAIC [SAI] to provide the agency with checked baggage explosive detection systems (EDS) that require […]
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Army
ATK’s Income Tumbles On Charge; Restructuring Planned Amid Budget Pressures
A $25 million after tax charge associated with ATK’s [ATK] Thiokol business and lower margins on commercial ammunition led the company yesterday to post lower third quarter earnings while sales […]
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Business/Financial
CACI Posts Record Earnings On Record Sales
CACI International [CACI] on Wednesday reported double-digit increases in income and sales in its second quarter, continuing where it left off after the first quarter. Net income rose 24 percent […]