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 News by Topics: Business

  1. Finland Looks East Again

    Finland has opened a potentially significant dialogue with Russia with the goal of identifying avenues for industrial cooperation.

    • Jun. 10, 2013

  2. US Intel Community Turning to Commercial Companies for R&D

    With pressure on US defense contractors to cut costs and government research-and-development (R&D) spending facing new budget realities, the intelligence community is increasingly leaning on commercial companies to provide needed R&D, moving away from pas

    • Jun. 3, 2013
  3. The USS Michael Murphy, commissioned in 2012, is the latest Arleigh Burke-class destroyer to be completed. MCS2 Jon Dasbach/US Navy

    US Navy Awards $6.2 Billion In Destroyer Contracts

    Construction contracts worth more than $6 billion were awarded Monday to shipbuilders General Dynamics and Huntington Ingalls to build nine new DDG 51 Arleigh Burke-class destroyers, the US Navy announced, with an option for a tenth ship.

    • Jun. 3, 2013

  4. Revised Obama Strategy Could Slow Armed UAV Market

    US President Barack Obama's intention to limit aerial drone strikes could slow demand for armed unmanned aircraft, but some experts are sticking by previous forecasts of a robust market for remotely piloted combat platforms.

    • Jun. 3, 2013

  5. Major Firms Concerned Over Health of Small Suppliers

    Everyone from the US defense secretary to the service chiefs to industry executives at major companies are concerned about the health of the smaller, specialized parts suppliers that keep planes flying, ships steaming and trucks on the road.

    • Jun. 2, 2013

  6. Euro Hawk Team Remains Hopeful

    Companies 'fully committed' to German drone program

    • May. 28, 2013

  7. BAE, Polish Defense Holding Team on Vehicle Competition

    BAE Systems has struck a teaming deal with state-owned Polish Defense Holding to compete for the Central European country's upcoming tracked fighting vehicle program.

    • May. 28, 2013

  8. Alenia, GD, DRS Team on Canadian Aircraft Program

    Alenia Aermacchi has signed a partnership deal with General Dynamics Canada and DRS Technologies Canada Ltd. to compete the C-27J tactical transport aircraft in the Royal Canadian Air Force's pending fixed-wing search-and-rescue replacement program.

    • May. 28, 2013
  9. 'So across the board, we need to find ways to deliver good propulsion capability without large development costs.' Mike Morones/Staff

    Amid Big F-35 Deal, P&W Sees Challenges

    Pratt & Whitney has signed a $1 billion contract for the fifth batch of F-35 Joint Strike Fighter engines and expects to sign a sixth contract shortly, according to the company's head of military engines.

    • May. 26, 2013

  10. Smart Money: The Venture Capitalists Who Stake Intelligence Technology

    Late last year, a small Alabama defense firm hit the big leagues.

    • May. 24, 2013
  11. Matthew Desch, Iridium CEO Iridium

    Interview with Matthew Desch, Iridium CEO

    A. We often talk about the DoD being an anchor customer mainly because they were technically one of our first customers when we started in 2000, in this incarnation.

    • May. 24, 2013

  12. India PM pledges to clean up defense sector

    Indian Prime Minister Manmohan Singh pledged Thursday to crack down on corruption in the defense sector after a string of recent graft scandals left his government facing renewed calls to step down.

    • May. 23, 2013
  13. US Secretary of State John Kerry meets with Sultan of Oman Qaboos bin Said Al Said in Muscat, Oman, on May 21. State Department

    Kerry in Oman To Help Ink $2.1B Defense Deal

    US Secretary of State John Kerry arrived in Oman on Tuesday aiming to help finalize an estimated US $2.1 billion deal to supply a US-made air-defense system to the Gulf nation.

    • May. 21, 2013

  14. As Firms Target Exports, Offsets Create Headaches

    With US and European defense spending cuts clouding future prospects, contractors have been hitting the export trail in an effort to retain their order backlogs.

    • May. 20, 2013
  15. Israeli annual export sales of unmanned aerial systems (UAS) averaged US $578 million over the past eight years and should grow by up to 10 percent yearly through 2020, according to Frost & Sullivan. Frost & Sullivan

    Consultancy Forecasts Israeli UAS Export Growth

    Israeli annual export sales of unmanned aerial systems (UAS) averaged US $578 million over the past eight years and should grow by up to 10 percent yearly through 2020, according to Frost & Sullivan.

    • May. 20, 2013
  16. Surveillance Needs: France hopes a batch of unmanned and unarmed MQ-9 Reapers will fill a capability gap for medium-altitude, long-endurance UAVs. US Air Force

    France Expects 1st Batch of Reapers Soon

    France expects the US will soon approve the speedy shipment of two Reaper surveillance drones after sending a formal request in early May, American and French sources said.

    • May. 17, 2013

  17. CEOs Talk Sequestration Challenges

    Faced with a new budget reality, industry and the Pentagon are looking for ways to streamline contracting and pursue new innovations, a panel of CEOs said today.

    • May. 16, 2013

  18. Is A Billion-Dollar Border Security Program Finally Due?

    The Department of Homeland Security has taken a positive step in one of the longer running procurement sagas of recent years, issuing downselect notices to several contractors to compete in the next phase of a controversial border security program, source

    • May. 14, 2013

  19. India Opens Gun, Missile Competition to Domestic Firms

    India's Ministry of Defence has floated a competition for gun/missile systems for the Army. And in a first for the MoD, it is asking domestic companies to participate along with overseas firms.

    • May. 12, 2013

  20. Former Arms Industry Boom Town Struggles in Bulgaria

    At the foot of the Balkan mountains, the Bulgarian town of Sopot remembers with nostalgia its glory days as a booming arms industry center under communism.

    • May. 10, 2013

  21. Sources: India Might Not Blacklist Finmeccanica

    While no decision has been made to blacklist Italian helicopter maker AgustaWestland over alleged bribery charges, sources within the Indian Defence Ministry say officers there believe neither the firm nor parent company Finmeccanica should be banned from

    • May. 9, 2013

  22. Avio Sale Puts New Italian Law to the Test

    A new Italian law guaranteeing the government's influence over strategic companies will be put to use for the first time as General Electric (GE) purchases the aviation activity of Italian propulsion firm Avio.

    • May. 9, 2013

  23. Industry Report: Increase DoD Buys From US Defense, Manufacturing Firms

    A new industry report warns of a coming U.S. national security crisis that could be spawned by a 'growing and dangerous' reliance on combat system components and raw materials purchased from foreign sources.

    • May. 8, 2013

  24. Turkey Sanctions Boeing for Delays

    Turkey has imposed sanctions on Boeing for major delays in the US company's spy plane program, a top Turkish official said. But Turkish leaders are not disclosing the penalties, citing commercial secrecy.

    • May. 8, 2013

  25. Selex Artillery-Pointing System Wins Export Orders

    Selex ES has secured export contracts for its LINAPS artillery-pointing system from armed forces in the United Arab Emirates, Poland and New Zealand, the Finmeccanica-owned company announced Wednesday.

    • May. 8, 2013

  26. Former Finmeccanica CEO's Trial Date Set

    Giuseppe Orsi, the former CEO of Italian group Finmeccanica, will stand trial on June 19 on accusations of corruption linked to a 2010 deal to sell AW101 helicopters to India.

    • May. 6, 2013

  27. The Challenge of Buying Cyber Companies

    Every major US defense contractor is busy building a new cyber center or announcing a revolutionary new cyber tool.

    • May. 5, 2013

  28. French-US Venture High Hopes for Radar Prospects

    ThalesRaytheonSystems (TRS) expects sales of digital Ground Master (GM) air defense radars to France to slow, but the French-American joint venture is bullish on prospects elsewhere in Europe and in North Africa, the Middle East and South America, CEO Jac

    • May. 3, 2013

  29. Defense Industry Says Spending Cuts Lowering Job Gains

    Defense spending cuts are starting to take a toll on the economy, further slowing a sluggish jobs recovery.

    • May. 3, 2013

  30. Former MoD Procurement Chief to Head Northrop's European Ops

    Northrop Grumman has appointed former British Ministry of Defence procurement boss Andrew Tyler as chief executive of the company's UK and European operations.

    • May. 3, 2013
  31. A Rafale. Credit: Dassault Aviation Dassault Aviation

    India's New Rules Could Mean More Overseas Tie-ups

    India's decision to buy foreign weapons only if it can't find a domestic source is likely to drive more joint ventures between Indian and international firms, while further slowing down an already notoriously slow and tedious procurement system.

    • Apr. 30, 2013

  32. Bonuses, Stock Options Drive Up US Defense CEO Compensation

    On the same day in March that Lockheed Martin warned that sequestration could lead to thousands of employee furloughs and layoffs, America's largest federal contractor disclosed it had just boosted the compensation of its former chief executive officer by

    • Apr. 28, 2013

  33. Brazil's Embraer, AgustaWestland drop helicopter plans

    Top Brazilian plane maker Embraer and Italy's AgustaWestland have dropped joint-venture talks to produce the Anglo-Italian company's helicopters in the South American country.

    • Apr. 24, 2013

  34. Turkey's Indigenous Trainer Nears Maiden Flight

    An indigenous basic trainer aircraft that Turkey designed and has been developing is going through a final round of tests before it makes its maiden flight in June, according to officials from its maker, Turkish Aerospace Industries (TAI).

    • Apr. 23, 2013

  35. DRS Write-down Drives $1B Finmeccanica Loss

    Italy's Finmeccanica announced a net loss of €786 million (US $1.02 billion) for 2012 on Feb. 23, due mainly to a write-down of the value of US electronics unit DRS.

    • Apr. 23, 2013
  36. More on the Way? Eurocopter's outgoing CEO says he believes France will buy additional NH90 tactical transport helicopters, though perhaps fewer than planned. EUROCOPTER

    Eurocopter Boss 'Confident' France Will Come Through With NH90 Order

    Outgoing Eurocopter Chief Executive Lutz Bertling said he is 'pretty confident' France will come through with an order for more NH90 Army helicopters, but the number of units might be smaller than expected.

    • Apr. 23, 2013

  37. Report: Chinese Testing Infrastructure with Cyber Intrusions

    Cyber espionage is on the rise, and increasingly Chinese attackers are targeting critical infrastructure, probing networks to see what they can get away with, a new report from Verizon released Tuesday found.

    • Apr. 23, 2013

  38. Jet Engine Maker Safran Raises 2013 Target After Sales Jump

    French aerospace group Safran raised on Tuesday its 2013 sales target after posting an annualized 9.5 percent jump in the first quarter of the year and said it would buy Rolls-Royce's half of a helicopter engine joint venture.

    • Apr. 23, 2013

  39. Turkish Plethora of 'First National Systems' at Full Speed

    Hardly a day passes without a Turkish defense company proudly announcing that it has designed, developed and produced a weapon system the country would normally buy off-the-shelf from a foreign supplier.

    • Apr. 22, 2013

  40. Finmeccanica Establishes Ethics Board

    In the wake of a corruption probe that prompted the arrest of its former CEO, Italy's Finmeccanica has announced creation of an ethics watchdog and said it will review all consultancy contracts handed out in the last three years.

    • Apr. 17, 2013

  41. French Defense Company Chiefs Warn of a Weaker Industry Under Budget Cuts

    The top executives of seven large defense companies warned President François Hollande April 15 of job losses, weaker competences and a threat to French leadership in Europe if the government cuts military spending.

    • Apr. 15, 2013

  42. Canada Allows Firms To Fix Bid Errors

    VICTORIA, British Columbia — The Canadian government has introduced a provision to allow defense firms to repair their bids on military equipment programs. The provision is an attempt to head off situations in which companies vying for a contract are disqualified over minor infractions.

    • Apr. 15, 2013

  43. Lagardere Books 1.8B Euros From EADS Share Sale

    PARIS — French media group Lagardere said Monday it made a capital gain of 1.8 billion euros ($2.35 billion) for the sale of a 7.4 percent stake in the European defense and aerospace company EADS.

    • Apr. 15, 2013

  44. Report: Germany Looking To Buy Weaponized Drones From Israel

    BERLIN — Germany is in talks with Israel to buy weaponized drones for its military that are seen as more technologically advanced than U.S. ones, the weekly Der Spiegel reported.

    • Apr. 14, 2013

  45. Finmeccanica Pulls Trigger On 2,500 Selex ES Cuts

    ROME — After streamlining operations at its Alenia Aeronautica unit, Italy’s Finmeccanica is continuing its restructuring mission by preparing to cut more than 2,500 jobs at its Selex ES electronics unit, which employs 17,000.

    • Apr. 14, 2013
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