Rob Doolittle

Obama Boosts Pentagon Cyber Budget Amid Rising Attacks

The Obama administration plans to boost U.S. spending on computer network security, including a 21 percent increase at the Pentagon, after reports of rising cyber attacks and electronic theft of secrets linked to China.

Northrop Grumman, CSX Making Pre-Sequestration Donations

No sooner had the 2012 election ended than Northrop Grumman Corp. and CSX Corp. set their sights on the looming budget cuts and the 2014 campaign.

Northrop's Proposed Ship-Unit Sale May Be Competition Concern for Pentagon

A sale by Northrop Grumman Corp. of its shipbuilding unit to General Dynamics Corp. would trigger competition concerns, the U.S. Defense Department said.

BAE in Play for U.S. Buyers as EADS Deal Fails

For BAE Systems Plc, a failed merger with European Aeronautic, Defence & Space Co. could be just the first attempted deal for the company’s defense contracts around the world.

General Dynamics Needs Deal to Combat Worst Earnings in 20 Years: Real M&A

General Dynamics Corp. , which posted the smallest sales increase since 1995 last year, may now need acquisitions more than ever as it faces the weakest stretch of profit growth in two decades.

Northrop CEO Bush Says Private-Equity Firms May Be Interested in Ship Unit

Northrop Grumman Corp. Chief Executive Officer Wes Bush said private-equity firms may be interested in the company’s shipbuilding unit as the third- largest U.S. defense contractor studies a sale or spinoff.

Buffett $40 Billion Takeover Criteria Include General Dynamics: Real M&A

Warren Buffett wants to use his almost $40 billion pile of cash to pursue bigger acquisitions. That may put companies from Archer Daniels Midland Co. to General Dynamics Corp. and Exelon Corp. in his sights.

Gates Proposes Troop Cuts, $78 Billion Reduction in Defense Budget by 2016

U.S. Defense Secretary Robert Gates yesterday laid out a $553 billion budget for fiscal year 2012, along with a five-year spending plan that will cut the number of troops, cancel programs and move money saved from those measures into current and new weapons.

Gates Proposes Troop Cuts, $78 Billion Pentagon Budget Reduction by 2016

U.S. Defense Secretary Robert Gates today laid out a $553 billion budget for fiscal year 2012, along with a five-year military spending plan that will cut the number of troops, cancel programs and move money saved from those measures into current and new weapons.

Lockheed Joins EADS Urging Panetta to Seek Help on Cuts

Chief executive officers of defense contractors led by Lockheed Martin Corp. and EADS North America went to the Pentagon to urge U.S. Defense Secretary Leon Panetta’s help in averting automatic budget cuts.

"We're right now assessing the requirements that apply at each of our locations to understand where we would have to issue notices if we determine that notices will be required."

- Rob Doolittle on Jul 09, 2012

New York

Washington

Virginia

Asia Stocks Head for Highest Close in Nearly Five Years

Yen Climbs as Japan Signals Negative Impact From Further Losses

World War II Bike Maker in Overseas Sales Push: Corporate India

Freeport Death Toll Increases to 14 as CEO Adkerson Arrives

Yahoo to Unveil Flickr Updates Amid Tumblr Purchase Talk