Business/Financial
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Business/FinancialRaytheon Sells Oil Extraction Technology To Schlumberger
Raytheon [RTN] yesterday said it has sold intellectual property it has developed that combines radio frequency and critical fluids (CF) technologies for oil extraction to oilfield services provider Schlumberger [SLB] […]
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Business/Financial
General Dynamics Canada Achieves CMMI Level 5
General Dynamics [GD] Canada Jan. 21 announced it has achieved Capability Maturity Model Integration (CMMI) Level 5, the highest rating available from the Software Engineering Institute (SEI). The company’s announcement […]
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Business/Financial
BAE To Acquire Tenix To Expand Defense Business In Australia
By Calvin Biesecker Britain’s BAE Systems said last Friday that it has agreed to acquire the defense businesses of Australia’s Tenix Group for up to $695.8 million in cash in […]
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Business/Financial
Defense Watch
The Latest Word On Trends And Developments In Aerospace And Defense Undecided. House Minority Leader John Boehner (R-Ohio) told reporters last week that the vacancy on the House Appropriations Committee […]
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Business/Financial
Contracts
Raytheon Gets $300 Million Paveway Contracts In 2007, Half Of It In December Raytheon Co. [RTN] received a record $300 million-plus in contracts for its Paveway smart-bomb precision-guided munitions last […]
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Business/Financial
L-1 To Acquire Biometric Access Control Firm Bioscrypt
L-1 Identity Solutions [ID] recently said it as agreed to acquire Bioscrypt Inc., a Canadian-based firm specializing in biometric access control primarily for commercial customers, for about $44 million in […]
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Business/Financial
Cobham To Further Expand U.S. Business With SPARTA Acquisition
Britain’s Cobham plc yesterday said it has agreed to acquire SPARTA, Inc., for a net price of $416 million in cash, expanding its business base in the United States, particularly […]
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Business/Financial
Northrop Grumman Combining Shipbuilding Sectors
Northrop Grumman [NOC] this week said it will combine its two shipbuilding sectors, Newport News and Ship Systems, into a single operating sector effective Jan. 28. In addition, the company […]
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Business/Financial
Lockheed Martin Gains $40.4 Million Contract Change For Aegis Work On Japanese Ship
The Missile Defense Agency gave Lockheed Martin [LMT] a $40.4 million contract change to provide ballistic missile defense (BMD) capability to a Japanese Aegis-equipped destroyer, the JS Myoko, the company […]
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Business/Financial
Airbus Vows To Boost Business In Alabama If It Can Make Tankers There
By Jen DiMascio Airbus executives and Alabama politicians yesterday said that the company would produce commercial freighters in Mobile, as long as its parent, the European Aeronautic Defence and Space […]