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QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ™s U.S. operations.  œThe acquisition of MTEQ is a significant step towards...

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $1.22B contract modification to produce Trident II D5 missiles and support deployed systems for the U.S. and U.K. navies. The modification has a base value of $494.9M and will reach its potential maximum dollar value if all options are exercised, the Department of Defense said Monday...

Lockheed Martin (NYSE: LMT) has won a potential $281.1M contract from the U.S. Army to produce 18 Sentinel A4 radar systems intended for use in air and missile defense operations beyond visual range....