Business/Financial
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ArmyOshkosh Specialty Vehicles Completes Move To Florida From Illinois
Oshkosh Corp.’s [OSK] Oshkosh Specialty Vehicles (OSV) yesterday said it completed the move of its manufacturing, engineering and product development operations to Clearwater and Bradenton, Fla. Both facilities are ISO […]
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Business/FinancialLockheed Martin IS&GS Achieves ISO Certification For IT Services
Lockheed Martin [LMT] yesterday said its Information Systems & Global Solutions (IS&GS) business area has received ISO 20000 certification for its information technology (IT) services and solutions, completing an effort […]
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Business/Financial
Raytheon Nabs Small Public Safety Network Contract
Raytheon [RTN] yesterday said it has received an $8.7 million award through a federal communications program to provide a locality in Colorado with a next-generation public safety network, marking the […]
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Air ForceAir Force Academy Selects Cirrus SR20 For Airmanship Training Program
The Air Force Academy has selected the Cirrus Aircraft SR20 single-engine turboprop for its Powered Flight Program to meet airmanship training requirements. The Air Force has awarded Cirrus a $6.1 […]
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Business/Financial
CACI Closes Acquisition of Pangia Technologies
CACI International [CACI] last Friday said it has completed its acquisition of Pangia Technologies, boosting its capabilities in cyber security and expanding its presence with the intelligence community. Terms of […]
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Army
Icahn Acquires Nearly 10 Percent Stake In Oshkosh
Private equity investor and sometimes corporate raider Carl Icahn has acquired a 9.5 percent stake in Oshkosh Truck Corp. [OSK], the diversified manufacturer of commercial, defense and emergency trucks and […]
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Business/Financial
J.F. Lehman Acquires Small Firm That Furnishes Marine Vessels
The private equity firm J.F. Lehman & Co. last week said it has acquired US Joiner LLC, a small firm that furnishes government and commercial maritime vessels. Terms of the […]
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Business/Financial
CBO: DoD’s Long-term Spending Estimates Too Optimistic
The Congressional Budget Office (CBO) is warning that the Pentagon’s budget plans would cost $25 billion more than estimated in five years and $31 billion more in 10 years. The […]
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Business/Financial
CACI Boosts FY ’11 Earnings Guidance On Operational Performance
Crediting strong operational, CACI International [CACI] on Wednesday raised its earnings guidance for its fiscal year that ended yesterday, adding that it will post a double-digit gain in earnings for […]
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Business/Financial
Lockheed Martin To Cut 1,500 Jobs At Aeronautics
Lockheed Martin [LMT] yesterday said it plans to eliminate 1,500 jobs at its Aeronautics business area to improve the affordability of its products and boost operational efficiencies. The pending job […]