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Defense Business Alert

July 24, 2015 | Daily News

United Technologies disclosed on Friday that the Justice Department has opened a criminal investigation into allegations Sikorsky and two of its subsidiaries overbilled the Navy on a contract to support T-34 and T-44 aircraft.

July 22, 2015 | Daily News

Boeing executives said Wednesday they remain sure of the KC-46 tanker program's long-term value -- despite a $536 million pre-tax charge the company announced last week.

July 21, 2015 | Daily News

(Editor's Note: This story has been updated to include comments from Lockheed Martin officials and additional analyst commentary.)

Lockheed Martin said Monday it will buy Sikorsky from United Technologies Corp. for $9 billion in one of the largest defense consolidation moves in recent years.

At the same time, Lockheed said it will begin reviewing its government IT infrastructure services and technical services businesses -- worth about $6 billion in annual sales -- for either a spin-off or sale.

July 21, 2015 | Daily News

With Lockheed Martin now ready to buy Sikorsky, United Technologies will become "more focused" on its core businesses, the UTC chief executive said Tuesday.

July 16, 2015 | Daily News

As the Pentagon adapts its processes for identifying insider threats, contractors will soon have to put together their own policies, a Defense Department official said Thursday.

July 15, 2015 | Daily News

With the government's fiscal year 2015 set to close at the end of September, contractors and federal agencies are preparing for a significant surge in spending.

July 13, 2015 | Daily News

In its most recent quarter, the Pentagon fell short of its goal of competing 59 percent of its obligated dollars and dipped below the competition rate from the same period the prior year, according to a new memo from the director of defense procurement and acquisition policy.

July 13, 2015 | Daily News

The Aerospace Industries Association, which announced a new chief executive last month, on Monday said it has hired three new executives to head its acquisition policy, legislative affairs and communications efforts.

July 10, 2015 | Daily News

Harris Corp. said Friday it will maintain its corporate headquarters in Melbourne, FL, following its $4.75 billion acquisition of Exelis.

July 09, 2015 | Daily News

One industry group is pushing back against several proposals in the House version of the fiscal year 2016 National Defense Authorization Act, urging congressional leaders to take action.

July 09, 2015 | Daily News

Defense contractor SRA International, which was bought by a private-equity firm four years ago, said late Wednesday it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.

July 08, 2015 | Daily News

Lockheed Martin and Finnish vehicle manufacturer Patria mutually agreed to end their partnership for the Marine Corps' next-generation amphibious vehicle competition, according to a Lockheed spokesman.

July 02, 2015 | Daily News

AeroVironment, seeking to boost its sales outside the government, is developing a small unmanned aircraft for the commercial market and readying analytics and software to pair with it.

July 01, 2015 | Daily News

Harris Corp., which earlier this year completed its $4.75 billion purchase of Exelis, said Wednesday that it is reorganizing the new company into four business segments.

June 30, 2015 | Daily News

The aggressive use of lowest-priced, technically acceptable contracts represents the biggest concern for contractors dealing with the Defense Logistics Agency, despite efforts within the Defense Department to be more considerate regarding the use of LPTA, according to DLA Director Lt. Gen. Andrew Busch.

June 30, 2015 | Daily News

Defense industry advocates and executives say the Obama administration's effort to improve export controls, now in its final stretch, has resulted in improvements but more remains to be done.

June 29, 2015 | Daily News

Two defense contracting chief executives late last week pushed back against a Pentagon proposal that would require companies to find Defense Department sponsors to back their independent research and development projects.

June 26, 2015 | Daily News

The Pentagon was given an "A" grade on Friday by the U.S. Small Business Administration for awarding $53.3 billion in fiscal year 2014 prime contracts to small businesses -- more than half of the federal government's total for FY-14.

June 25, 2015 | Daily News

In an effort to stand out from other contractors and offer cutting-edge technology, Vencore has renamed and reinvigorated its research organization, dubbing it Vencore Labs.

June 25, 2015 | Daily News

While foreign companies seeking to sell to the U.S. government face a greater regulations burden, the defense market here remains worth pursuing, top executives said Wednesday.