Business/Financial

By Geoff Fein Wednesday’s latest test of the Aegis Ballistic Missile Defense (BMD) continued to demonstrate the success of Raytheon’s [RTN] Standard Missile-3 (SM- 3), and was the second positive […]

Boeing [BA] this week announced the successful completion of a critical design review (CDR) and system functional review(SFR), key reviews for the Army’s High Energy Laser Technology Demonstrator (HEL TD) […]

Raytheon [RTN] this week said it has completed its $350 million acquisition of BBN Technologies, adding to Raytheon’s bench of scientific and engineering talent. Raytheon said the purchase price is […]

By Calvin Biesecker General Dynamics [GD] yesterday reported its second consecutive quarter of declining profits due to a weak market for business jets market despite continued strong performance from the […]

By Calvin Biesecker L-3 Communications [LLL] yesterday reported solid third quarter financial results increasing both sales and earnings due to a tax benefit and a strong contribution from its C3ISR […]

Weighed down by reduced demand for business jets and a loss at its finance unit, Textron [TXT] yesterday posted a steep decline in operating profits amid a decline in sales, […]

By Ann Roosevelt A technology developed at Oak Ridge National Laboratory, advanced by Battelle and mounted on a helicopter, increases the scope and safety of finding unexploded ordnance (UXO), while […]

Boeing [BA] said last week it has submitted two proposals to the Indian Air Force, offering the AH-64D Apache and the CH-47F Chinook for India’s attack and heavy-lift helicopter competitions. […]

ITT Corp. [ITT] has received a $169.3 million contract from Naval Sea Systems Command (NAVSEA) as part of the AN/SPS-48G Radar Obsolescence, Availability Recovery (ROAR) program, the company reported. The […]

The City of Sealy and the Katy Area Economic Development Council (KAEDC) Monday announced the formation of a task force to address the potential closure of the BAE Systems plant […]