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Lockheed Martin Corp. announced Monday a reorganization of its Electronic Systems business, including appointing a new head of the division, which makes the Aegis ballistic missile and the Pac-3 surface-to-air guided missile.
A bipartisan group of lawmakers who support Boeing in its bid for a $35 billion tanker contract want President Barack Obama to force the Air Force to include a recent World Trade Organization ruling against Airbus in its decision.
An internal Navy document shows new plans to replace the president's fleet of helicopters will cost taxpayers more and take years longer to deliver than a recently scrapped contract, a New York Democrat said Wednesday.
Northrop Grumman Corp. beat out rival Boeing Co. for a $3.8 billion deal to provide logistics services for the KC-10, a fleet of aerial refueling tankers, the Pentagon said late Thursday.
A Senate Republican who backs Northrop Grumman Corp.'s bid for a disputed $35 billion Air Force tanker contract wants to withhold funding until the service resolves a company gripe with the competition.
The Pentagon has given Boeing Co. an "unfair" advantage in the latest competition for a troubled $35 billion tanker contract, a Northrop Grumman Corp. executive said Tuesday.
Pentagon auditors face serious problems in their ability to oversee contracts worth hundreds of billions of dollars, according to congressional investigators, and a key senator says the agency in charge needs to focus more on quality than speed.
The Navy said Wednesday it will select either Lockheed Martin Corp. or General Dynamics Corp., but not both, to build a fleet of small, speedy Littoral Combat Ships.
Northrop Grumman Corp. said Wednesday Ronald Sugar will step down as chairman and CEO at the end of the year, ahead of his retirement in June 2010.
Vehicle maker Oshkosh Corp. received a $1.06 billion contract from the Pentagon to build an additional 1,700 off-road terrain vehicles to outfit ground forces in Afghanistan, the Pentagon said late Friday.
The U.S. Army has formally canceled part of Boeing Co.'s manned ground systems contract, under which the defense contractor was expected to build combat vehicles better suited for fighting insurgents in places like Afghanistan.
The Pentagon and Congress all but dared each other Thursday to a showdown over funding for fighter jets in a multimillion-dollar squabble that each side said they were fighting in the interests of U.S. security.
Oshkosh Corp. was the "clear winner" in a multibillion-dollar competition to build new blast resistant, off-road vehicles for ground forces in Afghanistan and any protests of the award likely will be defeated, a top Marine Corps official said Wednesday.
Oshkosh Corp. won a $1.06 billion Army contract to build new, off-road terrain vehicles to outfit ground forces in Afghanistan, the Pentagon said late Tuesday.
After more than 20 years of development and $27 billion in taxpayer money, a military plane that can take off and land like a helicopter may not meet the challenges of high-threat missions like Afghanistan, government auditors said Tuesday.
Defense Secretary Robert Gates said Thursday a decision by House lawmakers to increase the budget to buy a dozen more of Lockheed Martin Corp.'s F-22s is a "big problem."
A key House Democrat on Tuesday criticized so-called fiscal conservatives for approving millions of dollars for an outdated weapon system, while complaining about ballooning deficits.
Boeing Co. and General Dynamics Corp. must pay the government $2.8 billion to settle a nearly two-decade dispute over the cancellation of a Navy contract for a stealth aircraft, the U.S. Court of Appeals for the Federal Circuit ruled Tuesday.
The Navy doesn't appear to know how to buy combat ships and should stop throwing more money into a flawed procurement system, a former leader of the service said Friday.
Poor planning and unproven technologies on key Pentagon space programs have led to large cost overruns, delays and possible gaps in military satellite capabilities, according to congressional investigators.
The chief of naval operations said Thursday on-time delivery of Lockheed Martin Corp.'s next-generation Joint Strike Fighter will be critical in closing the gap of the fighter jets needed to match current and future threats.
Defense Secretary Robert Gates on Wednesday said his decisions to scrap multibillion-dollar defense projects, like a new White House helicopter, were "no brainers."
The Pentagon's proposed $534 billion budget calls for more spending on projects like Lockheed Martin Corp.'s F-35 fighter jet, a naval destroyer built by Bath Iron Works and Sikorsky's Black Hawk helicopters.
Northrop Grumman Corp. on Wednesday said its first-quarter profit rose almost 50 percent, boosted by higher sales of military products like aerial drones and a larger contract for a satellite-based tracking system.
Defense Secretary Robert Gates' proposed budget, which axes some multibillion-dollar weapons projects, is encountering strong resistance from lawmakers whose districts stand to lose thousands of jobs during a recession.
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