Business/Financial

Under the threat of a budget sequestration and a push for general deficit reduction, the Defense Department is entering a period of a defense build down that will have a […]

Lockheed Martin [LMT] on Nov. 30 tested a new Guided Multiple Launch Rocket System-Plus (GMLRS+)‘scalable effects warhead, which allows users to select the range of the warhead’s detonation power depending […]

Israel’s Elbit Systems [ESLT] yesterday said it has acquired General Dynamics’ [GD] interest in a joint venture between the two companies aimed at marketing unmanned aircraft systems in the United […]

Oshkosh Defense [OSK] is ready for a tougher business environment with stiff competition for fewer resources by leveraging its experience for new opportunities, its new executive vice president and president […]

Raytheon [RTN] yesterday said that it has received approvals from Congress and the State Department for its $1.7 billion direct sale to Saudi Arabia to upgrade the Kingdom’s Patriot Air […]

Australia’s parliament is considering a bill that would enable the Defence Trade Cooperation Treaty between Australia and the United States.  Military cooperation between Australia and the United States is fundamental […]

Federal spending on a wide range of services has until lately steadily risen the past decade but that growth has been outpaced by the number of separate contract actions undertaken […]

The Army has posted the latest version of draft specifications for its planned Up Armored High Mobility Multipurpose Wheeled Vehicle (Humvee) Competitive Recapitalization and Modernization program aimed at incorporating proven […]

Lockheed Martin [LMT] and its strategic partner Raytheon [RTN] and the Boeing [BA] and Northrop Grumman [NOC] teams have submitted final proposals for future work on the Ground-based Midcourse Defense […]

Sikorsky Aircraft [UTX] has delivered to the U.S. Army the fourth of 15 UH-60M Black Hawk aircraft in response to an urgent need from the Swedish armed forces. Patrik Dovskog, […]