Business/Financial

SAIC [SAI] on Tuesday said it swung to a loss in its third quarter due to a $232 million charge provision stemming from investigations into a workforce management contract with […]

The Army is conducting market research to find out the state- of- the-art on ground penetrating radar (GPR) that could potentially be used in the service’s next generation handheld landmine/explosive […]

Moving into 2012, a number of important electronic warfare programs are moving forward,  an ITT Exelis [XLS] executive said. “There’s no place I’d rather be in the defense world than […]

France’s Thales yesterday said it has agreed to acquire Florida-based Tampa Microwave, which specializes in tactical satellite communications (SATCOM) terminals and related products, expanding its capabilities in the wideband SATCOM […]

ATK [ATK] yesterday said it is adding additional responsibilities to two of its corporate executives, Steve Cortese, who heads the company’s operations in Washington, D.C., and Steve Wold, its Treasurer. […]

A lightweight oxygen generator developed to save lives on the battlefield has won first prize at the U.K. Engineering Technology and Innovation Awards 2011. The award for best collaboration in […]

Raytheon [RTN] yesterday said it has acquired Pikewerks, a small firm that boosts its cyber security capabilities, particularly in the areas of insider threat protection, software protection and forensics. Terms […]

The Government Accountability Office (GAO) late yesterday rejected a protest filed by SAIC [SAI] of the Army awards to teams led by General Dynamics [GD] and BAE Systems for the […]

Sotera Defense Solutions on Friday said it has agreed to acquire Potomac Fusion, Inc., a small information technology services firm that provides customers in the intelligence community and Defense Department […]

The Army is conducting a market survey so it can align research and development investments and acquisition strategy for developing performance specifications and initial capability documents for ground combat platforms–the […]