Business/Financial

By Geoff Fein The outgoing deputy assistant secretary of the Navy (DASN) for expeditionary warfare threw his support behind General Dynamics‘ [GD] Expeditionary Fighting Vehicle (EFV), citing the improvement that […]

Axsys Technologies [AXYS] yesterday said that its pending purchase by General Dynamics [GD] has been granted early termination of the mandatory waiting period under the federal government’s Hart-Scott-Rodino Antitrust regulations. […]

The Allied Defense Group [ADG] yesterday said it has sold its NS Microwave business unit to 3DRS International Inc., completing the divestiture of its Electronic Security division begun last fall […]

By Geoff Fein In the most recent at-sea missile defense test, the Missile Defense Agency (MDA), Navy and their industry partners were hoping to demonstrate a number of software and […]

By Emelie Rutherford Concerns about the cost of developing a simplified version of the F-22 fighter jet for allied nations is thwarting some top lawmakers from trying to lift a […]

By Ann Roosevelt ATK [ATK] yesterday posted a strong start for the first quarter of its fiscal year driven by double-digit performance in its Armaments Systems segment, leading to greater […]

By Geoff Fein ATK [ATK] is expecting its composite technology business to continue to grow for both the commercial airline industry and military systems and the company is making significant […]

By Emelie Rutherford The Pentagon is "trending away" from using cost-plus-award-fee contracts as it continues to refine its policies and procedures regarding fees paid to contractors, a senior defense official […]

By Geoff Fein Although the USS Bunker Hill (CG-52) just completed testing of its modified combat systems, the year-long effort to upgrade the ship included significant changes to its hull, […]

By Geoff Fein The USS Bunker Hill (CG-52) wrapped up its Combat System Ship Qualification Trials (CSSQT) last month, validating the Aegis Weapon System through a series of surface and […]