Aerospace & Defense

  • February 23, 2007

    Execs Plead Guilty To Rigging Bids On Navy Contracts

    Two executives for a Pennsylvania defense contractor have pled guilty and agreed to serve jail time for conspiring to rig bids on contracts with the U.S. Navy.

  • February 13, 2007

    E.U. Adviser Shakes Head At Volkswagen Law

    A legal adviser to Europe's highest court said Tuesday that Germany could not shield Volkswagen AG, its largest auto maker, from foreign takeovers under a law deemed protectionist by European Union competition regulators.

  • February 12, 2007

    E.U. Court To Rule On Volkswagen Law

    A legal adviser to Europe's highest court is set to issue a ruling on Tuesday on whether Germany can shield Volkswagen AG, its largest auto maker, from a foreign takeover under a law that European Union competition regulators have called protectionist and sought to overturn.

  • February 9, 2007

    E.U. Filing Heats Up Airbus, Boeing Dispute

    The European Union has fired back in its long-running dispute with the United States over subsidies for Boeing Inc. and Airbus, filing a response to claims the U.S. made in an earlier complaint filed with the World Trade Organization.

  • February 7, 2007

    SEC Sues Former Execs Over Backdating

    Federal regulators have filed action against two former executives of defense contractor Engineered Support Systems, claiming the pair backdated stock options to the tune of $20 million.

  • January 5, 2007

    Judge Tossed From Racial Bias Suit

    A district court judge in Hawaii has been removed from a racial discrimination suit for refusing to allow expert testimony and for his apparent unwillingness to implement an earlier appeals court decision.

  • January 4, 2007

    General Dynamics Finds Buyer For Disputed Assets

    Defense contractor General Dynamics Corp. has found a buyer for its 50% stake in American Ordnance LLC, which the Federal Trade Commission forced it to divest to go through with its $275 million purchase of SNC Technologies Inc.

  • January 2, 2007

    FTC Intervenes In Defense Contractor Merger

    The Federal Trade Commission has approved General Dynamics Corp.’s $275 million purchase of SNC Technologies Inc., though it also forced the defense contractor to sell its 50% stake in American Ordnance LLC.

  • December 4, 2006

    Lockheed, Boeing Rocket Merger Takes Flight

    Lockheed Martin Corp. and Boeing Co. have finished the merger of their rocket launch businesses, following the U.S. Federal Trade Commission finding in October that national security concerns were more important than the anti-competitive effects of the deal.

  • November 22, 2006

    Whistleblowers Propel Government Fraud Recoveries

    Whistleblowers helped the U.S. government recover a record $3.1 billion in fraud cases in the past fiscal year, propelled to a large extent by sharp rise in recoveries in the health care industry.

  • November 16, 2006

    U.S. Renews Efforts Against Airbus In Subsidy Dispute

    In a drawn-out battle of wills, the United States filed an amended complaint Wednesday with the World Trade Organization against European subsidies for Airbus, warning the European Union that directing government funds toward Airbus’ construction of its A350 would violate international regulations.

  • November 13, 2006

    Boeing Deal Stalled In Wake Of Milberg Weiss Scandal

    In an unusual twist, a judge overseeing a long-running legal battle between Boeing Co. and its shareholders over the aerospace giant’s procurement scandals has delayed a $12 million settlement deal in order to revisit the testimony of six plaintiffs who were represented in the case by Milberg Weiss Bershad & Schulman LLP.

  • November 8, 2006

    Raytheon Accused Of Violating Labor Laws

    A machinists union at Raytheon Missile Systems’ Tucson, Ariz., plant has filed a pair of unfair labor charges, claiming the weapons manufacturer spied on union members and threatened to fire probationary employees.

  • November 8, 2006

    E.U. Keeps Watch As Rome Gets Behind Highway Deal

    Hailing Italy for its decision to remove barriers to a merger between Italian highway operator Autostrade and Spanish infrastructure company Abertis Infraestructuras SA, E.U. regulators said Wednesday they would closely watch Italy for any move to thwart the deal.

  • November 7, 2006

    E.C. To Take Action Against Italy Over Toll-Road Merger

    European Union regulators have decided to take legal action against Italy for objecting to a planned $17.9 billion merger of Italian highway operator Autostrade with Spanish infrastructure company Abertis Infraestructuras SA.

  • November 3, 2006

    Energy Co. Discriminated Against Veteran: Lawsuit

    A Desert Storm veteran has filed a suit against Commonwealth Edison and its parent company, alleging that they violated his rights by firing him because of his post-traumatic stress disorder and other mental health issues.

  • October 20, 2006

    Abertis, Autostrade File Appeals Over Merger Obstacles

    Spanish infrastructure company Abertis Infraestructuras SA and Italian highway operator Autostrade SpA lashed out at the Italian government’s efforts to block their proposed €25 billion merger, filing appeals Thursday with the European Union and Italy that call into question Italy's plans to modify license terms for toll roads operated by Autostrade.

  • October 18, 2006

    Italy Violated E.U. Laws By Blocking Abertis: E.C.

    Europe’s competition watchdog has informed the Italian government that it violated open-market laws by placing “unjustified obstacles” in the way of the proposed €25 billion merger of Italian highway operator Autostrade SpA and Spanish infrastructure company Abertis Infraestructuras SA.

  • October 17, 2006

    E.C. Shakes Head At Italy’s Bid To Block Abertis

    Europe’s competition watchdog is poised to inform the Italian government that it violated open-market laws when it vetoed the proposed €25 billion merger of Italian highway operator Autostrade SpA and Spanish infrastructure company Abertis Infraestructuras SA.

  • October 16, 2006

    Former Execs Defy SEC In Backdating Probe

    Three former executives at Engineered Support Systems Inc. have reportedly refused to cooperate with a U.S. Securities and Exchange Commission investigation into the alleged backdating of options.