Business/Financial

By Geoff Fein General Dynamics [GD] wrapped up builder’s trials of its variant of the Littoral Combat Ship (LCS) earlier this week, putting the vessel through dozens of tests in […]

By Ann Roosevelt BAE Systems has filed a second supplement to its initial protest with the Government Accountability Office (GAO) over the Army’s award to Oshkosh Corp. [OSK] of a […]

By Calvin Biesecker FLIR Systems [FLIR] yesterday said it has acquired OmniTech Partners, Inc., for $42 million in cash, giving it image intensification capabilities (I2) for use with thermal weapons […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday reported a slight gain in net income in its third quarter that beat consensus expectations due to a tax benefit, but the nation’s […]

By Ann Roosevelt The first of four deployed CH-47F Chinook helicopter units is back from theater, and has proven its new capabilities, officials said. Soldiers say, "the new features saved […]

By Calvin Biesecker United Technologies [UTX] yesterday reported double-digit declines in third quarter sales and earnings due to weakness in most of its markets, although aggressive restructuring enabled the multi-industrial […]

By Emelie Rutherford The White House in the near future is expected to release guidance intended to curtail the use of cost-plus and noncompetitive federal government contracts, an effort lawmakers […]

By Ann Roosevelt The Army is looking ahead to receiving insights and assessments on its requirements and acquisition approach from defense contractors after its first Industry Day on the anticipated […]

By Geoff Fein The Navy and its industry partners are into production on most of the computing hardware and nearing the final software release for the components that will operate […]

By Geoff Fein The Navy last week opened its Littoral Combat Ship (LCS) Mission Package Support Facility (MPSF), a 46,000-square foot West Coast site to store, maintain and ready for […]