General Dynamics Corp. and Northrop Grumman Corp. said their information technology units suffered weak sales during the second quarter as government contract awards slowed.
Uncle Sam may not be a fan of cross- border takeovers that allow U.S. acquirers to avoid high corporate tax rates. Investors, however, are cheering.
More top defense industry executives and lobbyists have written checks to the re-election campaign of Mac Thornberry than to his potential rivals for the House Armed Services Committee chairmanship.
The Navy wants to buy a ship that serves as a floating base, an asset when allies won’t welcome U.S. troops on their turf or a natural disaster prevents operations ashore.