:

Business/Financial

Raytheon To Acquire BBN Technologies

DDN

Wednesday, September 2nd, 2009

SHARE:

By Calvin Biesecker Raytheon [RTN] yesterday said it has agreed to acquire BBN Technologies, a research and development firm that has also brought some products to market such as the Boomerang shooter detection system, in a deal that further strengthens Raytheon's engineering expertise. Terms of the pending deal, which is expected to close in the fourth quarter of 2009, were not disclosed. Raytheon said the transaction would not be material this year but would be accretive to sales and earnings…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]