The chief executive officers of Newport News Shipbuilding and General Dynamics today assured investment analysts that antitrust issues would not impact the pending $2.6 billion merger of the two companies.
Saturday, May 11, 2024
Saturday, May 11, 2024
John Liang is managing editor of InsideDefense and Inside Missile Defense. He has been with the IWP Defense Group since 1997. He holds a master's degree in international policy studies from the Middlebury Institute of International Studies at Monterey and a bachelor's degree in languages from Georgetown University.
The chief executive officers of Newport News Shipbuilding and General Dynamics today assured investment analysts that antitrust issues would not impact the pending $2.6 billion merger of the two companies.
A senior Lockheed Martin executive today joined the chorus of defense industry leaders calling for greater use of multiyear contracts as part of broader acquisition reform efforts.
Northrop Grumman's merger with Aerojet-General Corp.'s Electronics and Information Systems Group will have little effect on its concurrent integration of Litton Ship Systems, Northrop Grumman Chairman, President and CEO Kent Kresa assured investment analysts today.
The Canadian government has awarded a $436 million contract to Boeing to modernize 80 CF-18 Hornet strike fighters, the company announced today.
Northrop Grumman today expanded its missile defense business by signing an agreement to acquire Aerojet-General Corp.'s Electronics and Information Systems Group for $315 million in cash, according to a company announcement.
Although Raytheon is discussing sales of its Patriot PAC-2 missiles to several countries, the company believes South Korea is most likely to submit a major order for PAC-2 systems by the end of the year, a senior Raytheon official said today.
Stronger profits in Raytheon's defense electronics businesses pushed continuing operations income up 21 percent from last year, the company told investment analysts today.
The pending merger of General Electric and Honeywell does not pose an immediate threat to the soon-to-be-spun-off Rockwell Collins, a senior Rockwell International executive told investment analysts yesterday.
Orbital Sciences Corp. is looking to the Air Force to rejuvenate its X-34 reusable launch vehicle program, which was canceled by NASA last month, a senior company official told financial analysts yesterday.
General Dynamics Chairman and CEO Nicholas Chabraja today expressed doubt about whether Greece will be able to decide which main battle tank to acquire by the end of this month.
President Bush's plan to cut the U.S. Export-Import Bank's fiscal year 2002 budget by 25 percent was "particularly ill-timed" and would severely limit the bank's ability to provide loan guarantees to the aerospace industry, according to an industry group.
The Air Force has kept production of the F-15 fighter aircraft alive until 2004 by finalizing a $571 million contract with Boeing for 10 F-15Es, the company announced today.
The Defense Department has not included in its financial statements the cost of disposing of excess ammunition, a cost that could run as high as $3 billion, the General Accounting Office concludes in a report released today.
The Defense Department should improve its use of integrated product teams on new weapon system programs, the General Accounting Office recommends in a report released today.
Kaman Corp. said its first-quarter profits fell 9 percent from a year ago because of a slowing economy, according to a statement released today.
Lockheed Martin today defended its valuation of real estate property in California that it intends to sell, a sale a senior lawmaker has characterized as a "giant rip-off" of U.S. taxpayers.
The Air Force has approved the system design for the low-earth orbit component of the Space-Based Infrared System developed by an industry team led by TRW and Raytheon, the two companies announced today.
The Navy plans to award two contracts this October worth up to $20 million each for work on defining its next-generation narrowband satellite communications architecture, a senior service official told InsideDefense.com yesterday.
Senate Armed Services Committee Chairman John Warner (R-VA) said today that arms sales to Taiwan should not be linked to the outcome of talks aimed at freeing the crew of a Navy EP-3 surveillance aircraft that collided with a Chinese fighter last weekend.
Raytheon has agreed to sell a majority stake in its aviation support business unit to the Veritas Capital Fund for approximately $270 million in cash, equity and receivables, the two companies announced today.