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Defense Business Alert

November 16, 2015 | Daily News

As the Pentagon pursues new tools to manage potential defense industry consolidation, the acting head of the manufacturing and industrial base policy office said the Defense Department is particularly interested in ways to influence acquisitions that are part of larger trends.

November 12, 2015 | Daily News

Seabury Global Aerospace & Defense Consulting said Thursday it has named Paul Meyer, formerly of Aerojet Rocketdyne, executive vice president.

November 11, 2015 | Daily News

The Pentagon has released a 160-page report identifying excessive costs imposed on the defense industry, as well as recommendations on how to begin eliminating them.

November 11, 2015 | Daily News

Contracting advocates say the defense industry is increasingly under pressure to verify and diversify their groups of suppliers, facing expanding regulation from the Pentagon.

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.