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Defense Business Alert

December 04, 2018 | Daily News

The Defense Department today issued a proposed rule that would implement sections of 2017 and 2018 legislation limiting the use of lowest-price, technically acceptable source selection.

December 03, 2018 | Daily News

Mercury Systems, a supplier to dozens of prime contractors, has been rapidly making acquisitions and is investing heavily in research and development as it seeks growth.

November 29, 2018 | Daily News

KENNEDY SPACE CENTER, FL -- A small-business cybersecurity group funded under an Air Force contract has decided that forming an information-sharing and analysis organization, or ISAO, is crucial to its mission in developing cost-effective measures for defending against cyberattacks, a recommendation that is expected to be offered as a model for firms across the country.

November 27, 2018 | Daily News

The Pentagon's contract obligations grew 13 percent between fiscal years 2015 and 2017 -- but the five largest defense contractors reaped most of that benefit, according to new analysis by the Center for Strategic and International Studies.

November 26, 2018 | Daily News

A top Pentagon official said an interim Treasury Department rule that has concerned some organizations, including BAE Systems, will go through a regulation-writing process over the next year.

November 20, 2018 | Daily News

BAE Systems and other organizations are urging the Treasury Department to clarify an interim rule expanding the scope of transactions overseen by the Committee on Foreign Investment in the United States, as BAE argues the current rules could harm trusted, foreign-owned defense firms.

November 07, 2018 | Daily News

Realizing the rework necessary for missile tubes slated for the Columbia-class submarine "were more substantial than previously contemplated," BWX Technologies has reserved $26.7 million to cover repairs, the company disclosed today.

October 25, 2018 | Daily News

Leidos said today sales during its most recent quarter hit $2.6 billion, up nearly 3 percent from the same three-month period a year earlier.

October 25, 2018 | Daily News

NATIONAL HARBOR, MD -- The White House's trade policy office, on the heels of a sweeping defense industrial base assessment, next wants to hone in on the U.S. infrastructure sector and how it can be shored up against potential Chinese intrusions, according to the head of the office.

October 25, 2018 | Daily News

Buoyed by acquisitions, both General Dynamics and Northrop Grumman said they saw sales and profit boosts during their most recent quarter.

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.