Business/Financial

By Calvin Biesecker The Transportation Security Administration (TSA) has awarded task orders to OSI Systems‘ [OSIS] Rapiscan Systems division and Britain’s Smiths Detection for the second generation of Advanced Technology […]

The Coast Guard this week awarded Bollinger Shipyards a $166.1 million contract option to begin production on the next four Sentinel class Fast Response Cutters, raising to eight the number […]

By Geoff Fein The Navy has ordered all of its Cyclone-class Patrol Coastal (PC) ships deployed in the Persian Gulf to be removed from service following the discovery of structural […]

By Calvin Biesecker As part of the defense spending and productivity efficiency initiatives outlined by the Pentagon yesterday, affordability will be a key feature of all new programs, Defense Secretary […]

By Geoff Fein The Navy is continuing to explore ways to trim costs and schedule for construction and delivery of Virginia-class submarines to enable the boats to increase deployments and […]

By Calvin Biesecker HP [HPQ] yesterday said it has agreed to acquire enterprise security software provider ArcSight [ARST] for $1.5 billion in cash, boosting its ability to offer organizations built-in […]

By Emelie Rutherford A senior Pentagon advisor yesterday described the Pentagon’s healthcare, retirement, and personnel systems as ticking time bombs that must be overhauled to avoid a budget catastrophe. Retired […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday said that just over 600 of its executives, or about 25 percent of its total executive population, applied to receive financial incentives in […]

Wyle Inc., yesterday said it has completed its purchase of the CAS, Inc., division of ITT Corp. [ITT] for $235 million in cash, expanding its presence in Huntsville, Ala., and […]

The professional services firm SM&A has acquired the defense firm Black Ram Engineering Services, boosting its program services offerings. Terms of the deal, which closed in late August, were not […]