Business/Financial

By Calvin Biesecker ATK [ATK] yesterday said it swung to a profit in the fourth quarter despite relatively flat sales due in part to hefty charges a year ago that […]

By Marina Malenic The two industry teams competing for the Pentagon’s Joint Air-to-Ground Missile (JAGM) production contract have submitted responses to a draft solicitation and reported successful early testing this […]

By Geoff Fein The Navy will deploy the first EA-18G Growler squadron from a land-based location in support of ground troops, according to a service official. Additionally, the service’s vertical […]

General Dynamics [GD] yesterday said its board of directors has elected CEO Jay Johnson to also be chairman, succeeding Nicholas Chabraja, who has been the company’s chairman since July 1997. […]

By Geoff Fein The USS Freedom (LCS-1) will be heading into a dry-dock for five days to repair the starboard boost water jet, according to the Navy. The problem was […]

By Calvin Biesecker Northrop Grumman [NOC] and Textron‘s [TXT] Bell Helicopter division have teamed to develop and demonstrate a new medium- range vertical unmanned aircraft system (VUAS) called Fire-X that […]

By Geoff Fein The Navy last week issued its draft request for proposals (RFP) for the Aegis Platform System Engineering Agent (PSEA) including Advanced Capability Build (ACB) developer support for […]

By Geoff Fein As the Navy looks ahead to restarting the Arleigh Burke class production line, the service is looking to introduce new capabilities that will enable future destroyers to […]

By Calvin Biesecker The Coast Guard is wrapping up the discussion phase with Northrop Grumman [NOC] as part of the contracting process for the next National Security Cutter (NSC) and […]

Applied Signal Technology, Inc. [APSG] on Wednesday said it has acquired Seismic LLC, a small cyber security solutions provider serving the Defense Department and intelligence community, in a deal that […]