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Defense Business Alert

November 09, 2015 | Daily News

Defense industry executives and Pentagon officials said this weekend the pressure is on to innovate, given the advances of other countries' military capabilities.

November 06, 2015 | Daily News

Lockheed Martin said today its acquisition of Sikorsky from United Technologies Corp. is complete, marking the end of one of the largest defense industry transactions in recent years.

Dan Schultz, who headed Lockheed's ship and aviation systems business and led the integration effort, has been named president of Sikorsky.

He told reporters in a conference call Friday morning Lockheed will be integrating Sikorsky into its mission systems and training business. However, he said he doesn't expect layoffs and Sikorsky's headquarters will remain in Connecticut.

November 05, 2015 | Daily News

Industry advocates say the False Claims Act, meant to help root out fraud and abuse by government contractors, is instead being used to punish companies for rogue employee actions or mistaken contract non-compliance, putting companies in a difficult position.

November 03, 2015 | Daily News

As the Defense Department focuses its attention on Silicon Valley entrepreneurs, it will have to make a compelling case to these companies, one member of the new group focused on building these relationships said Tuesday.

October 28, 2015 | Daily News

One day after Northrop Grumman snagged the highly coveted Long-Range Strike Bomber award, the company's chief executive said the contractor is "ready to get to work."

October 28, 2015 | Daily News

There are government contracting businesses worth billions up for potential sale, but one wouldn't know it from listening to the chief executives of some of the largest government contractors.

October 27, 2015 | Daily News

Defense industry executives say the Defense Department continues to overstep when it comes to technical data, pushing for companies to give more than contractors believe is necessary.

October 27, 2015 | Daily News

Orbital ATK and Textron Systems both reported profit growth Tuesday.

October 23, 2015 | Daily News

As the Defense Department pushes for more innovative technology, the head of Unisys' defense and intelligence business says her company's heavy focus on the commercial sector gives it a leg up.

October 23, 2015 | Daily News

The Army and Air Force are beginning "in-depth" analyses of spending on information technology services so they can identify ways to meet their requirements with strategic sources, according to a top Pentagon official.

October 22, 2015 | Daily News

Raytheon said Thursday that sales in its most recent quarter grew nearly 6 percent to hit $5.8 billion.

October 21, 2015 | Daily News

As contractors zero in on partnering with small businesses, Harris is solidifying its relationship with small business Government Tactical Solutions, providing the company office space as part of a new mentor-protégé relationship.

October 20, 2015 | Daily News

Lockheed Martin executives said Tuesday the defense contractor is on pace to complete two major reshaping initiatives by the end of the year.

October 16, 2015 | Daily News

Defense contractors who have customers in the oil and gas industry say they're being hit hard by the declines in that market.

October 14, 2015 | Daily News

Many federal agencies have little insight into their use of "bridge contracts," which are used to extend the life of an existing contract, and may as a result be overpaying, according to a new report from the Government Accountability Office.

October 09, 2015 | Daily News

Industry advocates are criticizing the way a new interim rule on cybersecurity reporting was put in place, arguing that its immediate effectiveness makes it hard for well-meaning contractors to be in compliance.

October 08, 2015 | Daily News

Investment bankers said Thursday that government contracting industry consolidation is likely to continue in 2016, noting that Pentagon officials' comments opposing large-scale mergers likely won't affect contractors that specialize in services.

October 08, 2015 | Daily News

DRS Technologies has opened what it has dubbed "the Amazon.com" for military spare parts, launching a website meant to make ordering a new nozzle or valve as easy as buying movies online.

October 06, 2015 | Daily News

Top Thales USA executives said this week the company's global position has helped it weather the U.S. budget downturn while growing its focus and investment in emerging technologies.

October 06, 2015 | Daily News

The United States is awarding contracts to Insitu to supply the air forces of Kenya and Cameroon with unmanned aerial systems in an effort to help the nations address ongoing terrorism threats within their borders.