Business/Financial

By Jen DiMascio In about 14 months when a new president takes office, John Young, the newly confirmed under secretary of defense for acquisition, technology and logistics will in all […]

The Defense Advanced Research Projects Agency (DARPA) plans to host an industry day on an exploratory development program aimed at developing a highly accurate 50-caliber bullet at long distances against […]

By Ann Roosevelt iRobot [IRBT] is developing a new multimission modular robot called Warrior that can pull more of its weight in the soldier’s world and is expected to be […]

TEL AVIV, Israel— Elbit Systems [ESLT] on recently reported its consolidated results for the third quarter ending Sept. 30 with the company’s president and CEO saying recent acquisitions helped generate […]

Northrop Grumman [NOC] has successfully lifted the 25-ton mast onto the second Coast Guard National Security Cutter (NSC), putting the ship at 42 percent complete in the production process at […]

The United Kingdom’s Ministry of Defence awarded Lockheed Martin [LMT] a $4.8 million contract to procure additional Desert Hawk III Unmanned Aircraft Systems (UAS), the company said Nov. 28. With […]

By Geoff Fein Lockheed Martin [LMT] successfully demonstrated a new Extreme Short Range (ESR) mode for its family of SPY-1 naval radars that will extend the coverage radius to support […]

Britain’s QinetiQ yesterday posted strong first-half results led by the company’s QinetiQ North America (QNA) division, which saw its revenues soar due to acquisitions and strong organic growth. Sales increased […]

By Geoff Fein Raytheon RTN] has been awarded a $5.2 million contract to provide the Navy with a tactical paging system to improve submarine communications at speed and depth. Dubbed […]

Raytheon [RTN] recently was selected by the United Kingdom’s Home Office to receive a $1.3 billion contract to develop and install a border security system that will allow British authorities […]