Business/Financial

Former Deputy Defense Secretary William Lynn has been appointed the chairman and CEO of DRS Technologies, a United States-based operating division of Italy’s Finmeccanica, effective immediately. Finmeccanica said that Lynn’s […]

The Army yesterday issued the long-awaited request for proposals (RFP) for the Engineering and Manufacturing Development (EMD) phase of the Joint Light Tactical Vehicle (JLTV) program, as the Defense Department […]

Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 […]

Pentagon leaders proposed multiple weapons-program changes yesterday–including cutting F-35 Joint Strike Fighter procurement, cancelling block 30 Global Hawk drones, and delaying the new ballistic-missile submarine–in the opening salvo of a […]

General Dynamics’ [GD] yesterday reported that its fourth quarter earnings fell 17 percent stemming from a hefty charge at its business that provides custom interiors to business jets. After a […]

A soaring commercial aircraft business coupled with a modest assist from its defense business gave Boeing [BA] a strong finish to its 2011 fiscal year, although earnings guidance for 2012 […]

Combining their collective expertise in systems and products that protect troops, vehicles and various infrastructures, Britain’s BAE Systems and Composite Technologies have signed an exclusive teaming for a line of […]

By Feb. 13, the Army wants feedback from industry and potential bidders regarding the Engineering Squad Robot (ESR) program that would provide dismounted stand off capability for explosive ordnance, reconnaissance […]

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BAE Systems is competing for a contractor operated Army ammunition plant with a potential value of more than $2 billion in sales over 10 years, going head-to-head against incumbent ATK […]