Business/Financial

By Emelie Rutherford The defense industry lost two congressional backers Tuesday night when Reps. Todd Tiahrt (R-Kan.) and Carolyn Kilpatrick (D-Mich.) failed in their bids to return to Congress next […]

Boeing [BA] last week said it has completed its purchase of the cybersecurity firm Narus, which provides real-time network traffic and analytics software. Narus, which will report to Boeing’s Network […]

Harris Corp. [HRS] has completed its $525 million acquisition of managed communications services provider CapRock Communications, giving Harris an entry into the energy market and expanding its global presence in […]

By Emelie Rutherford An industry group is warning a program the Navy is developing for granting some contractors "preferred supplier" status could inappropriately exclude smaller companies from contract competitions. The […]

By Calvin Biesecker The Coast Guard last week awarded the European Aeronautic Defence and Space Co. (EADS) a $117.2 million contract to produce and deliver three HC-144A maritime patrol aircraft, […]

By Geoff Fein South Korea conducted a successful testing of its newest destroyer’s Aegis combat system during three weeks of qualification trials, according to Lockheed Martin [LMT]. The Sejong the […]

By Geoff Fein The Navy has approved Lockheed Martin‘s [LMT] preliminary design for the Surface Electronic Warfare Improvement (SEWIP) Block 2 upgrade program to defend surface combatants from anti-ship cruise […]

By Calvin Biesecker Making its first foray into the aviation security product space, SAIC [SAI] yesterday said it has agreed to acquire Reveal Imaging Technologies, a developer and manufacturer of […]

By Emelie Rutherford As the Defense Department finalizes new rules for thwarting organization conflicts of interest (OCI) with defense firms, some industry officials are saying the Pentagon is going beyond […]

By Geoff Fein Last month’s award of the Navy’s Small Tactical Unmanned Aerial System (STUAS) Tier II contract to Insitu took the company from being a provider of service contracts […]