Business/Financial

By Geoff Fein The Navy has awarded General Dynamics [GD], Lockheed Martin [LMT] and SAIC [SAI] a $408 million indefinite-delivery/indefinite-quantity multiple award contract (IDIQ MAC) for Common Afloat Local Area […]

Curtiss-Wright Corp. [CW] yesterday said it has agreed to acquire Hybricon Corp. for $19 million in cash, boosting its capabilities in defense electronic subsystems. "The addition of Hybricon’s electronic enclosure […]

The Department of Justice (DoJ) yesterday said that Textron‘s [TXT] Bell Helicopter business has agreed to pay the federal government an additional $3.7 million to resolve civil claims that the […]

By Geoff Fein The Navy took one of its strongest stands yesterday in support of Lockheed Martin‘s [LMT] Joint Strike Fighter (JSF) stating the service needs to move to a […]

Harris Corp. [HRS] on Friday said it has agreed to acquire CapRock Communications, a provider of managed satellite communications solutions for the energy, government, and maritime industries, for $525 million […]

By Calvin Biesecker The Transportation Security Administration (TSA) last week awarded a CSC [CSC] a five-year, $489 million contract for the deployment, maintenance and enhancement of the agency’s information technology […]

Northrop Grumman [NOC] yesterday said it would boost its quarterly stock dividend by just over 9 percent to 47 cents per share, payable to shareholders of record at the close […]

By Calvin Biesecker Cubic Corp. [CUB] on Tuesday said it has acquired the assets of Impeva Labs Inc., giving it solutions in the global asset tracking markets. Terms of the […]

By Calvin Biesecker BAE Systems yesterday said it has agreed to acquire four ship repair operations located in the southern United States and operated by Atlantic Marine Holding Co. from […]

By Geoff Fein In the almost three years Rear Adm. Terry Benedict headed up the program executive office for integrated warfare systems he and his staff have been working to […]