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Defense Business Alert

March 25, 2015 | Daily News

Facing a decline in sales and a loss for the year, Leidos' chief executive said Wednesday the contractor is refocusing its business and investing in its bidding and research divisions to return to growth.

March 24, 2015 | Daily News

Engility executives said Tuesday they anticipate fiscal year 2015 sales will hit $2 billion to $2.3 billion, reflecting a decline from the previous year.

March 23, 2015 | Daily News

Boeing's defense business has cut costs and created a new organization centered on development as part of an effort to win work in a tough environment with very few new programs.

March 19, 2015 | Daily News

For contractors that saw their businesses surge with work related to the wars abroad, it continues to be a long way down.

March 17, 2015 | Daily News

Vectrus, the defense services contractor spun off from Exelis last year, reported this week that profit in its most recent quarter sunk to $3.3 million, down nearly 80 percent from the same period a year earlier.

March 13, 2015 | Daily News

The early increase in spinoffs and smaller deals are likely laying the groundwork for a large wave of mergers and acquisition activity, defense industry analysts said this week.

March 12, 2015 | Daily News

United Technologies' decision to consider "strategic alternatives" for Sikorsky stems from the differences between that business and the rest of the company's work, the UTC chief executive told analysts Thursday.

March 12, 2015 | Daily News

Northrop Grumman has formed a new subsidiary focused on providing cybersecurity for commercial organizations.

March 11, 2015 | Daily News

Nearly four years after being divested from Lockheed Martin, PAE has tripled its headcount and significantly expanded the range of the services it offers.

March 09, 2015 | Daily News

The $4.75 billion deal to acquire Exelis began when Harris chief executive William Brown asked David Melcher, Exelis' chief executive, to have dinner with him in late September -- but required months of price negotiations.

March 05, 2015 | Daily News

Harris Corp.'s proposed $4.75 billion acquisition of Exelis marks the "biggest deal we've ever done," William Brown, Harris' chief executive, said this week.

March 03, 2015 | Daily News

Huntington Ingalls' chief executive said Tuesday that the shipbuilding firm is still considering the best way to make use of its Avondale shipyard in Louisiana, which is no longer in use.

March 02, 2015 | Daily News

Science Applications International Corp. has agreed to buy Scitor Corp. in a $790 million deal intended to speed SAIC’s entry into the intelligence market.

February 26, 2015 | Daily News

Engility on Thursday made its acquisition of TASC final, creating a new services giant that company executives expect to produce $2.9 billion in revenue by 2019.

February 26, 2015 | Daily News

Some defense contractors say they're actively pursuing new acquisitions this year, buoyed by greater budget certainty and an early wave of consolidation.

February 23, 2015 | Daily News

Some technology contractors say they're increasingly gaining traction with civil agencies, rather than the Pentagon, as they seek to bolster their bottom lines.

February 20, 2015 | Daily News

The chief executive officer of Huntington Ingalls Industries warned this week that further sequestration cuts could put the George Washington aircraft carrier back on the chopping block.

February 20, 2015 | Daily News

Huntington Ingalls is planning significant new investments in its shipbuilding facilities to win new work as the Navy readies multiple major contracts, the contractor's chief executive said this week.

February 19, 2015 | Daily News

Orbital ATK, the company created earlier this month by merging Orbital Sciences with ATK's defense and aerospace groups, has already cut about 500 jobs as part of an effort to improve efficiency, executives said Thursday.

February 19, 2015 | Daily News

Lockheed Martin will continue to make the case against sequestration, Robert Rangel, who heads the company's Washington operations, said this week.