3 hrs ago | MarketWatch
General Dynamics taps former Navy admiral to be CEO in 2009
“He'll take over at 62, which probably gives him a few months before people start asking about his succession planning”
General Dynamics Corp. has tapped a former U.S. Navy admiral to replace chief executive Nick Chabraja next year, a move that highlights the growing importance of the company's ship-building business. via MarketWatch
7 hrs ago | Insurance Journal West
S&P Lowers AIG's Ratings; On CreditWatch/Negative
“AIG guarantees AIGFP's obligations, so the potential strain of the losses to the parent contributed to the downgrade.”
American International Group's whopping $7.81 billion first quarter loss brought an immediate reaction from Standard & Poor's Ratings Services. via Insurance Journal West
11 hrs ago | St. Paul Pioneer Press
Alliant Techsystems' fourth-quarter earnings rise 19 percent on sales of rockets and ammunition
“Alliant Techsystems believes that this initial rejection is simply part of the process that involves negotiations and could run several rounds”
Alliant Techsystems Inc., the largest supplier of bullets for the M-16 rifles used by the U.S. Army in Iraq, said fourth-quarter earnings rose 19 percent, beating analysts' estimates, on higher sales of rockets ... via St. Paul Pioneer Press
16 hrs ago | Reno Gazette-Journal
Sparks company's satellite deal valued at $117M
Sierra Nevada Corp., a Sparks-based system integrator and electronic systems provider, has signed a contract with global satellite data communications company ORBCOMM Inc., involving several next-generation ... via Reno Gazette-Journal
20 hrs ago | ClipSyndicate
VIDEO: Market Movers: Warner Music Group, Barr Pharmaceuticals, DRS Technologies
Warner Music Drops on Wider Loss, Suspends Dividend; Barr Plunges on Quarterly Profit Miss, Lowers Forecast; DRS Technologies in Talks for "Strategic Transactions" via ClipSyndicate
Yesterday | The Jersey Journal
The Italian defense contractor Finmeccanica SpA is in "advanced talks" to buy DRS Technologies , according to the Wall Street Journal. via The Jersey Journal
Yesterday | National Post
Alliant changes MDA offer in bid to persuade Ottawa
“We will be informed of the final decision in about a week.”
Alliant Techsystems Inc. of Minneapolis says it has modified its bid to purchase a part of Canada's leading space company, MacDonald Dettwiler Associates Ltd. via National Post
Yesterday | Reuters
Super Bowl 30-second ads to cost $3 mln in 2009: report
NBC Universal, a unit of General Electric Co, plans to say next week that the entry price for a 2009 Super Bowl 30-second ad will be $3 million, the Wall Street Journal said on Tuesday. via Reuters
Yesterday | The Age
Seahawk copters may replace Seasprites
“It is the best the US Navy has to offer. I am looking forward to your air crews coming and looking at this because they will fall in love with it.”
The Australian navy's cancelled order for the troubled Super Seasprite helicopters could be replaced by the latest version of the Seahawk, now entering service with the US Navy. via The Age
Yesterday | Crain's Cleveland Business
Eaton to see payoff from military contract
Eaton Corp. said the decision by the Department of Defense to buy 167 Bell Boeing V-22 Osprey tiltrotor aircraft will lead to an estimated $120 million in revenues for the company over the life of the multiyear ... via Crain's Cleveland Business







