Business/Financial

Britain’s BAE SYSTEMS yesterday said it is acquiring Pitch Technologies AB, a Swedish-based firm that specializes in training and simulation products and solutions, for about $9.8 million. BAE expects the […]

Cross Match Technologies recently said it has lowered the expected price range of its forthcoming initial public offering (IPO), suggesting that net proceeds from the sale of stock could be […]

Textron [TXT] said recently it has acquired 85 percent of the stock of United Industrial Corp. [UIC] as it nears the end of its $1.1 billion acquisition of the defense […]

By Michael Sirak The Air Force last week chose Northrop Grumman [NOC] and Raytheon [RTN] to conduct concurrent developmental work on a next- generation ground control segment for Global Positioning […]

By Geoff Fein After months of layoff, Raytheon [RTN] will restart testing of its Extended Range Guided Munition (ERGM) early next year to demonstrate to the Navy the reliability of […]

Textron [TXT] said last week that it has acquired 85 percent of the stock of United Industrial Corp. [UIC] as it nears the end of its $1.1 billion acquisition of […]

Cubic Corp. [CUB] said yesterday it has established a new business initiative to assist federal regulators and the international port and shipping community in achieving compliance with new seaport security […]

ManTech International [MANT] on Friday said it has agreed to acquire McDonald Bradley, Inc. (MBI), an information technology (IT) solutions provider to the federal government, for $76.5 million in cash, […]

General Dynamics [GD] this week said it has acquired Mediaware International Pty Ltd.,a leading developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial […]

Lockheed Martin [LMT] was awarded a $2.3 million foreign military sales contract to continue concept and preliminary design work on the proposed Israeli Navy’s Littoral Combat Ship (LCS-I), the company […]