Business/Financial
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Business/FinancialIndustry, Hill Clash Over Contractor Performance Data
Lawmakers and the defense industry are clashing over the handling of company information in databases the Pentagon refers to when making contract decisions. The use of such data repositories has […]
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Business/Financial
Panel Approves Extension Of Anti-Terror Law For Chemical Facilities
The Senate Homeland Security and Governmental Affairs Committee on Wednesday approved a three-year extension of regulations that enable the Department of Homeland Security to oversee compliance by high-risk chemical facilities […]
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Business/Financial
Raytheon Integrated Defense Systems Driven By People, Execution And Growth, Exec Says
Faced with an uncertainties in the global environment and the defense budget, Raytheon’s [RTN] Integrated Defense Systems (IDS) business is focused on execution, growth and people, the sector president said. […]
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Business/Financial
Saab To Acquire Sensor Firm Sensis In First U.S. Acquisition
Sweden’s defense and security company Saab AB yesterday said it has agreed to acquire United States-based sensor firm Sensis Corp., in a deal that combines complementary capabilities in air traffic […]
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Business/Financial
NASA: Commercial-Crew Plans On Schedule
The four firms under contract with NASA to help develop a commercial space transportation industry have met initial milestones for their crew-transport systems as of this month, the space agency […]
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Business/Financial
Obama Suggests More Defense Cuts Needed
As Congress and the White House remain gridlocked over budget negotiations, President Barack Obama suggested yesterday that further Pentagon budget cuts are needed beyond the $400 billion he already recommended. […]
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Business/Financial
Plasan Expanding U.S. Operations With Acquisition of Small Composites Firm
Israel’s Plasan yesterday said it has acquired a small United States-based developer and manufacturer of composite materials for defense and automotive applications in a deal that boosts its capacity for […]
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Business/Financial
Ducommun Completes Acquisition of LaBarge
Ducommun Inc. [DCO] yesterday said it has completed its $338 million acquisition of LaBarge, Inc., boosting its size as a supplier of structural and electronic assemblies to the aerospace and […]
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Business/Financial
Tweaks Sought To DoD’s Ability To Open Contracts To More Firms
Lawmakers and the defense industry want to tweak a new law intended to grant the Pentagon rights to technical data underlying weapons programs so multiple companies can build the systems. […]
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Business/Financial
Raytheon Initiates New Alabama Missile Integration Facility
Raytheon [RTN] yesterday broke ground for a new approximately $70 million missile integration facility on Redstone Arsenal in Huntsville, Ala. When it is completed, the facility will provide final assembly […]