Business: Defense Contractors
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Post staff writer Renae Merle discusses the future of the Pentagon's relationship with its weapons contractors.
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BAGHDAD -- Private security companies, funded by billions of dollars in U.S. military and State Department contracts, are fighting insurgents on a widening scale in Iraq, enduring daily attacks, returning fire and taking hundreds of casualties that have been underreported and sometimes concealed,...
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Defense contractor Northrop Grumman  Corp  is teaming up with Oshkosh Truck Corp  in a  bid to supply military vehicles in a contract that could be  worth billions of dollars, The Wall Street Journal reported on  Tuesday.
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After decades on the sidelines, U.S. defense contractors are eyeing India's growing military budget and aging arsenal as a multibillion-dollar opportunity that could help offset a projected slowdown in Pentagon weapons spending and extend production lines for such items as the F-16 fighter.
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THE REGION Defense contractor Raytheon Co. said it received a Pentagon contract worth up to $15 billion to supply a program designed to combat illegal drugs. Under terms of the deal, the company's Raytheon Technical Services Co. division will provide equipment, material, and services to the Counter-Narcoterrorism Technology Program Office at the Department of Defense. Work began Aug. 24 and ...
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KBR , a former unit of Halliburton Co. , Dyncorp International Inc.  and Fluor Corp.  were awarded parts of a U.S. Army contract with a combined potential value of up to $150 billion to provide services to the military in the Middle East.
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One of the biggest business beneficiaries of the war in Iraq is a little-known maker of specialty ceramics used in body armor.
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Security technologies delivered via the SaaS (software-as-a-service) business model may still be in their nascent stage, but some early adopters are already piecing together multiple offerings to outsource a significant portion of their IT systems defense infrastructure.
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BAGHDAD -- Private security companies, funded by billions of dollars in US military and State Department contracts, are fighting insurgents on a widening scale in Iraq, enduring daily attacks, returning fire, and taking hundreds of casualties that have been underreported and sometimes concealed, according to US and Iraqi officials and company representatives.
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The defense-related work is estimated to be worth $200 billion.
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.
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A search for investing opportunities in military and defense.
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WASHINGTON -- Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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The Pentagon is still struggling to get a handle on the unprecedented number of contractors now helping run the nation's wars, losing millions of dollars because it is unable to monitor industry workers stationed in far-flung locations, according to a congressional report.
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Security is a very big and growing tech business. Cumulative private and public sector security spending in the U.S. is forecast to exceed &#36;1 trillion over the coming decade. The punditocracy has analogized this post-Sept. 11 trend to Cold War-era military spending; homeland security will be a short-term economic stimulus but, ultimately, like military spending, a drag on the nation's domestic production.
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Some business software vendors are determined to steer their own ships in a sea of acquisitions.
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Defense contractor Northrop Grumman Corp  is teaming up with Oshkosh Truck Corp  in a bid to supply military vehicles in a contract that could be worth billions of dollars, The Wall Street Journal reported on Tuesday.