Buoyed by acquisitions, both General Dynamics and Northrop Grumman said they saw sales and profit boosts during their most recent quarter.
Defense Business Alert
October 24, 2018 |
Daily News
Boeing executives today defended the company's efforts to win recent programs, just one day after the chief executive of Lockheed Martin hinted the prices they bid might result in losses.
October 23, 2018 |
Daily News
Had Lockheed Martin matched the winning prices in three major programs it lost in recent months, it would have incurred losses of more than $5 billion, the contractor's chief executive said today.
October 18, 2018 |
Daily News
Analysts said this week they don't expect the planned merger of Harris and L3 Technologies to generate antitrust concerns and said the deal is likely to spur additional consolidation.
October 17, 2018 |
Daily News
Sen. Jack Reed (D-RI), the ranking Democrat on the Senate Armed Services Committee, said Wednesday that all U.S. sales of offensive weapons to Saudi Arabia should be halted pending an international investigation into the disappearance of Washington Post columnist Jamal Khashoggi.
October 15, 2018 |
Daily News
The chief executives of Harris and L3 Technologies said today their proposed merger would bolster the company's role as a prime contractor and ensure the majority of its work is on fixed-price contracts.
October 14, 2018 |
Daily News
Harris and L3 Technologies said today they have agreed to combine in an all-stock merger to create a defense contractor with about $16 billion in annual sales and about 48,000 employees.
October 12, 2018 |
Daily News
ST Engineering last month named Tom Vecchiolla, a former Raytheon executive, to head its United States-based company, VT Systems, as it seeks growth here.
October 10, 2018 |
Daily News
The Navy has temporarily waived contracting policies to allow its research and development centers to award sole-source contracts worth up to $93 million without approval from a higher-level contracting activity, according to the Pentagon's research chief.
October 10, 2018 |
Daily News
The U.S. government secured $55.6 billion in arms sales in fiscal year 2018, a 33 percent increase above the previous year's total, according to the head of the Defense Security Cooperation Agency.
October 01, 2018 |
Daily News
The Pentagon, beset by congressional opposition and industry outcry, is backing off a controversial proposal that would have reduced defense contractor progress payments, according to a statement from Deputy Defense Secretary Pat Shanahan.
October 01, 2018 |
Daily News
The development of the unmanned underwater vehicle market likely won't track the path of the unmanned aerial vehicle market, the chief executive of Huntington Ingalls said last week.
September 28, 2018 |
Daily News
Defense Department organizations concerned with the state of their contractors' cybersecurity are assessing whether companies are meeting requirements for securing sensitive information on their networks.
September 27, 2018 |
Daily News
The Air Force awarded a Boeing-Saab team a $9.2 billion contract today to build the next-generation T-X training jet -- the company's third major defense contract in the last two months.
September 26, 2018 |
Daily News
House Armed Services Committee Chairman Mac Thornberry (R-TX) said today he and Senate Armed Services Committee Chairman Jim Inhofe (R-OK) have sent a letter to the Pentagon opposing plans to reduce defense contractor progress payments, arguing that doing so is "inconsistent" with congressional intent. (UPDATED)
September 24, 2018 |
Daily News
MAG Aerospace, founded less than a decade ago, is seeking growth, hoping to expand into adjacencies and build a larger international business, according to its chief executive.
September 20, 2018 |
Daily News
Defense industry organizations are criticizing a Pentagon proposal to reduce progress payments as disruptive and out of line with congressional intent.
September 19, 2018 |
Daily News
NATIONAL HARBOR, MD -- Two L3 Technologies executives, both of whom joined the contractor this year, said the company's more integrated approach will open up opportunities, particularly in maritime work and in the international market.
September 14, 2018 |
Daily News
The defense spending bill agreed to by conference negotiators limits how the Pentagon can spend its funding for cloud efforts, including the high-profile Joint Enterprise Defense Infrastructure initiative.
September 13, 2018 |
Daily News
Lockheed Martin today confirmed its venture capital arm has invested in Main Sequence Ventures, the VC firm managing the Commonwealth Scientific and Industrial Research Organization Innovation Fund.