Business/Financial

Finmeccanica‘s subsidiary DRS Technologies yesterday said it has completed its acquisition of Florida-based Soneticom, Inc., which provides geolocaton systems, wireless communications and digital signal processing systems and capabilities. Terms of […]

By Calvin Biesecker Britain’s Chemring Group PLC yesterday said it has greed to acquire Los Angeles-based Hi-Shear Technology Corp. [HSR] for $132 million in cash, a deal which complements its […]

By Geoff Fein The Navy and a Raytheon [RTN]-led team have been exploring the use of a submarine-launched AIM-9X sidewinder air-to-air missile to provide self- defense against enemy aircraft and […]

By Geoff Fein A lengthy Navy investigation of faulty piping welds on Virginia-class submarines has determined that neither sailors nor submarines are at risk. "Both Northrop Grumman Shipbuilding and General […]

By Geoff Fein Earlier this month, the Navy awarded Raytheon [RTN] a $93.8 million contract for low-rate initial production (LRIP) of the company’s Standard Missile- 6 (SM-6) Block I that […]

By Marina Malenic RIDLEY PARK, Pa.–With criticism of V-22 Osprey operational costs and readiness rates mounting in Washington, the Marine Corps has asked contractors Bell Helicopter Textron [TXT] and Boeing […]

By Ann Roosevelt General Dynamics‘ [GD] C4 Systems today opens its sixth and largest EDGE facility, the Vehicle C4ISR Innovation Center, in Taunton, Mass., to bring government opportunities to pick […]

By Ann Roosevelt BAE Systems yesterday announced it filed a protest with the Government Accountability Office (GAO), asking for a review of the Army’s award to Oshkosh Corp. [OSK], of […]

Frances’s SAFRAN Group yesterday said it has completed its acquisition of 81 percent of General Electric‘s [GE] Homeland Protection business, which will report to SAFRAN’s subsidiary Sagem Securite. The $580 […]

By Calvin Biesecker Thales last week announced several changes to its organization in the United States, including renaming the operations and creating a new subsidiary to better focus its offerings […]