Defense Business Alert

The second request for information Harris Corp. received from the Justice Department in connection with its proposed purchase of Exelis is related to the Single Channel Ground and Airborne Radio System, Harris' chief executive said Tuesday.

Ray Sheldon has been named chief operating officer at Gibbs & Cox, a naval architecture and marine engineering firm, the company announced today.

Bill Lynn, the former deputy defense secretary who now leads Finmeccanica North America, argued Thursday the defense industry is facing dramatic change following the end of the wars in Iraq and Afghanistan.

After Defense Secretary Ash Carter finished a speech last week at Stanford University encouraging greater cooperation between the Pentagon and Silicon Valley innovators, he was asked why non-defense technology companies should even consider entering the Defense Department's infamously labyrinthine acquisition system.

As General Dynamics and Boeing move away from commercial cybersecurity, Raytheon and Northrop Grumman are making significant investments in the area, hoping it can spur growth as federal spending wanes.

Harris Corp. said in an April 22 filing with the Securities and Exchange Commission that it now expects a request for additional information related to antitrust approval of its effort to purchase Exelis.

Lockheed Martin, the world's largest defense contractor, reported Tuesday that sales and profits in its most recent quarter fell.

Raytheon said Monday it has entered an agreement with private-equity firm Vista Equity Partners to create a new cybersecurity company able to sell to both government and commercial organizations.

The Navy is looking to engage more with small businesses in the information technology realm and has developed a new construct deemed the “innovation cell” to work with industry, according to a service official.