Business/Financial

By Geoff Fein While the Navy’s Surface Warfare Centers are operating more closely with their Navy, military and federal agency customers, officials are also looking at how to do a […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday said it plans to sell two of its business units, one to avoid organizational conflicts of interest with work the company does with […]

Lockheed Martin [LMT] yesterday said that James Comey, its top lawyer, will be leaving the company later this month to take a position with the financial asset management firm Bridgewater […]

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 […]