Business/Financial

Lockheed Martin [LMT] yesterday said it has approved an interim increase of up to $1 billion in its stock buyback program, which is expected to reach its current $3 billion […]

Lockheed Martin [LMT] yesterday said it has delivered its third of 14 planned upgraded P-3 Orion maritime patrol aircraft to Customs and Border Protection (CBP). Lockheed Martin is upgrading most […]

Fresh off his departure from leading information technology services company SRA International, Stan Sloane has been appointed president and CEO of a small California-based technology firm, Decision Sciences International Corp. […]

Lockheed Martin [LMT] yesterday said it has agreed to acquire California-based QTC Holdings Inc., a provider of healthcare information technology (IT) services to the federal government. Terms of the deal, […]

The Army last week re-opened a competition to operate and maintain the Radford Army Ammunition Plant that Britain’s BAE Systems had won this spring from incumbent contractor Alliant Techsystems [ATK]. […]

CACI International [CACI] on Wednesday posted a strong fourth quarter driven by solid double-digit revenue growth and soaring net income, results that matched its fiscal year 2011. Net income increased […]

France’s Safran Group yesterday said that Robert Eckel will be CEO of MorphoTrust USA, a new business unit created through the recent acquisition of the former L-1 Identity Solutions. Eckel […]

U.S. companies want to sell more unmanned aircraft on the international market and need the export-control reforms President Barack Obama’s administration is working on to be enacted, a top executive […]

The Department of Justice yesterday filed suit against shipbuilder Bollinger Shipyards alleging the company made material false statements to the Coast Guard related to the conversion of existing 110-foot Island […]

As the Navy plans to deploy a weapon for the first time on a drone aircraft, an official said yesterday the service is open to using varied strike capabilities on […]