Business/Financial

Customs and Border Protection last Thursday issued its draft Request for Proposals (RFP) for its Integrated Fixed Towers (IFT) system, saying it is seeking bids that best balance performance with […]

The U.K. Parliament’s Public Accounts Committee sees armored vehicle capability gaps out to at least 2025 because the defense department failed to acquire the vehicles it required despite spending approximately […]

Army Materiel Command (AMC) yesterday said it has completed its analysis and identified civilian job reductions to meet funding targets set by the Secretary of Defense. AMC was directed to […]

In his first major speech since becoming U.K. Secretary of State for Defense, Philip Hammond addressed hot policy issues, including moving the budget toward ambitious programs to renew the forces […]

Sikorsky Aircraft [UTX] this week said it formally signed a contract with the Brunei Ministry of Defence to provide 12 S-70i™ Black Hawk helicopters with associated spare parts, training and […]

Boeing [BA] employees that are members of a machinists union late Wednesday approved a four-year contract that allows the company to begin planning for the production ramp up of its […]

L-3 Communications [LLL] on Tuesday offered its initial guidance for 2012, saying it expects the top and bottom lines to be down from projected sales and earnings in 2011. Sales […]

The Defense Security Cooperation Agency (DSCA) said the U.S. foreign military sales (FMS) it oversees reached $34.8 billion in Fiscal Year 2011, surpassing the $30 billion mark for the fourth […]

The engineered metal manufacturing business ATW Companies yesterday said it has acquired the gun magazine manufacturing firm Metalform Company, allowing it to expand its portfolio of defense business. Terms of […]

SCHOTT North America Inc. (SCHOTT) yesterday said it is kicking off production of chalcogenide glasses for infrared (IR) sensing applications, produced for the first time in the United States. To […]