Business/Financial

Morocco is looking to spend upward of $2.4 billion for 24 F-16C/D Block 50/52 aircraft as well as associated equipment and services, according to the Defense Security Cooperation Agency (DSCA). […]

By Michael Sirak Lockheed Martin [LMT] says its JASSM stealthy cruise missile flew successfully in a flight test yesterday, according to a company spokeswoman. "After nine consecutive successful ground tests, […]

Switzerland is looking to spend $535 million for the sale of "Upgrade 25 Program" equipment to enhance survivability and communications connectivity and to extend the useful life of 33 Swiss […]

ITT Corp. [ITT] yesterday completed its acquisition of EDO Corp. for $1.7 billion, which includes the assumption of debt, giving it a range of new aerospace and defense capabilities. The […]

The first two Australian Defence Force MRH-90 Multi Role helicopters (MRH) this week were accepted into service, Hon. Greg Combet MP, Parliamentary Secretary for Defence Procurement, said. Acquired under Project […]

Boeing [BA] and India’s Hindustan Aeronautics Limited (HAL) announced Dec. 20 signing a 10-year Memorandum of Understanding (MoU) intended to bring more than $1 billion of new aerospace manufacturing work […]

Boeing [BA] and India’s Hindustan Aeronautics Limited (HAL) announced Dec. 20 signing a 10-year Memorandum of Understanding (MOU) intended to bring more than $1 billion of new aerospace manufacturing work […]

Northrop Grumman [NOC] has submitted a proposal with L-3 Communications [LLL] for the U.S. Navy’s EPX aircraft program that will provide a transformational, multi-intelligence capability delivering strike targeting information to […]

The Domestic Nuclear Detection Office (DNDO) has awarded Raytheon [RTN] a $2.9 million, six-month contract to begin developing a Stand-Off Radiation Detection System (SORDS), marking the second award for the […]

By Geoff Fein The investigation into welding issues at Northrop Grumman‘s [NOC] Newport News (NGNN) shipyard that initially led to the tying up of the first three Virginia-class submarines earlier […]