Business/Financial

By Geoff Fein The Department of Defense (DoD) last month finished initial operational test and evaluation for Boeing‘s [BA] EA-18G, finding the new electronic attack aircraft operationally effective, operationally suitable […]

Textron Defense Systems [TXT] July 31 announced the creation of a Directed Energy Weapons (DEW) business line led by John Boness to focus on the development of the company’s laser. […]

BAE Systems has received $43 million in orders from the Defense Logistics Agency (DLA) for production of Modular Lightweight Load Carrying Equipment (MOLLE) Core Rifleman sets, ruck sets and components. […]

The Navy recently awarded General Atomics (GA) a not-to-exceed $32.7 million contract to develop a proof-of-concept Hybrid Electric Drive (HED) system for a full-scale demonstration with an initial funding increment […]

Textron’s [TXT] Marine & Land Systems recently announced a new letter contract potentially valued at $200 million for the Armored Security Vehicle (ASV). The contract, with $99 million currently funded […]

By Geoff Fein Northrop Grumman [NOC] has opened a new cyber security operations center (CSOC) in Maryland to focus on protecting its networks and data as well as those of […]

By Geoff Fein The Navy has awarded Lockheed Martin [LMT], Northrop Grumman [NOC] and Raytheon [RTN], $10 million each to perform concept studies for the Air and Missile Defense Radar […]

General Dynamics [GD] Advanced Information Systems (GD-AIS), was recently awarded a $10.2 million first-year contract of a multi-year award by the Navy to provide upgrades to the submarine weapons control […]

By Calvin Biesecker A big drop off in revenues for business jets and industrial products combined with a steep decline in profits in the finance business along with a hefty […]

By Geoff Fein After acknowledging there will be delays in the delivery of LHA-6, Northrop Grumman [NOC] is working to determine the impact to the ship’s cost and construction schedule, […]