Business/Financial

Bell Helicopter [TXT] yesterday said it has agreed to sell its stake in a commercial tiltrotor aircraft project to its partner AgustaWestland to free up resources to boost its investment […]

Precision Castparts Corp. [PCP] yesterday said it has agreed to acquire a small business unit from Rockwell Collins [COL] that makes seamless alloy and stainless steel pipes for the energy […]

Aerojet [GY] QinetiQ, and European Aerospace Defence and Space Co.’s (EADS) Astrium Crisa, said they have entered a joint agreement to supply the XENITH(TM) (Xenon Ion Thruster) ion propulsion system […]

CACI International [CACI] yesterday said it has agreed to acquire a small information technology (IT) firm with expertise in cyber security and application development that also has customers in the […]

Honeywell [HON] yesterday said it has agreed to acquire EMS Technologies, Inc.  [EMLG] for $491 million in cash in a deal that will enhance its capabilities for mobile computing and […]

The Coast Guard last week awarded small contracts to four firms for each to deliver a boat as part of a competitive evaluation under the Cutter Boat Over-The-Horizon-IV (CB-OTH-IV) program. […]

PRV Aerospace last week acquired Quality Forming, Inc., boosting its capabilities in forming and adding new defense programs to its mix. Terms of the deal were not disclosed. PRV is […]

Defense secretary nominee Leon Panetta said yesterday he would consider having contractors share in the cost of overbudget weapons, supports current ship-and-aircraft building goals, and is gravely concerned about cybersecurity. […]

3M [MMM] on Wednesday evening said it has agreed to acquire Advanced Chemistry & Technology, Inc. (AC TECH), a manufacturer of sealants for aerospace applications, boosting its presence in the […]

The engineering and services firm Electronic Consulting Services Inc. (ECS) last month acquired OAK Management, boosting its capabilities in the federal maritime sector. Terms of the deal were not disclosed. […]