Business/Financial

By Calvin Biesecker Boeing [BA] and the Federal Aviation Administration [FAA] yesterday signed an agreement whereby the regulatory agency will take possession of two of the company’s ScanEagle Unmanned Aircraft […]

By Marina Malenic The Senate Armed Service Committee’s (SASC) version of the FY ’11 Defense Authorization Bill would fence funding for a multinational air defense development effort until the Defense […]

By Geoff Fein Boeing [BA] is securing the rights to produce Finmeccanica’s AgustaWestland AW101 medium-lift helicopter in the United States, giving the Chicago-based company a third option for the Navy’s […]

Teledyne Technologies, Inc., [TDY] yesterday said it has acquired Optimum Optical Systems, Inc., a designer and manufacturer of custom optics and optomechanical assemblies used in tactical military imaging systems. Terms […]

By Geoff Fein Ongoing maintenance issues with USS Freedom (LCS-1) will prevent the Navy’s newest surface combatant from participating in the Canadian Fleet Review later this month. "Due to emergent […]

By Calvin Biesecker SAIC [SAI] last Thursday reported higher income and sales in the first quarter driven by lower taxes, the favorable resolution of some tax uncertainties, and acquisitions. Net […]

Customs and Border Protection (CBP) last Thursday awarded General Atomics a $13.7 million contact to produce and deliver a Predator B Unmanned Aircraft System, the eighth Predator the company will […]

By Calvin Biesecker The relationship between industry and the Department of Homeland Security (DHS) is "fair" at best and there needs to be a more open and robust dialogue between […]

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 […]