Industrials

An aerospace company that uses a state-owned launch pad at Wallops Island in Virginia will help pay for repairs to the facility from an October rocket explosion and will also insure the launch pad, company and state officials said Thursday.

United Technologies Corp. says the Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy on a contract.

A federal appeals court on Tuesday upheld a ban on government contractors donating money to federal candidates or political parties, a prohibition that has been on the books for 70 years.

U.S. governors have taken or scheduled about 80 trips abroad since the start of 2014, generally focused on boosting exports or recruiting businesses to their states.

Analysts are citing several reasons behind Colt Defense's bankruptcy filing, including struggles to recover from the loss of military business, failure to capitalize on consumer interest in guns and problems in other markets.

The Italian navy has placed a 3.5 billion euro ($3.9 billion) order for six patrol boats capable of high seas rescues and a support ship as part of a program to upgrade its fleet.

A retired Army colonel has pleaded guilty to negotiating his post-military employment with a helicopter company that did business with the Defense Department office he managed.

A former FBI agent accused of trying to derail a Utah investigation into an alleged defense contractor kickback scheme was sentenced to 10 years in prison Monday.

The House has passed a bill that could boost Amtrak service in the popular Northeast Corridor while giving states more authority over the routes they help subsidize.

The federal government Wednesday awarded a $134.5 million contract to begin deepening the river channel ships use to reach the busy Port of Savannah, meaning the long-sought harbor expansion can begin as soon as the contractor gets its dredging equipment in the water.

Madison Paper Industries has joined a Minnesota paper mill seeking higher import duties on a special publishing paper made by a Canadian mill.

The secretary of the Navy has reprimanded three rear admirals in a case linked to a massive bribery scandal, but they won't face criminal charges.

Communications and information technology company Harris is buying Exelis in a cash-and-stock deal valued at approximately $4.75 billion.

Faced with a backlash from current and retired employees, the U.S. Forest Service has abruptly dropped plans to spend up to $10 million on a five-year nationwide public relations campaign to brand itself as a public agency that cares about people and nature.

The U.S. Forest Service has decided not to spend $10 million on a five-year nationwide public relations campaign to brand itself as a public agency that cares about people and nature.

A Canadian Pacific Railway attorney tried Tuesday to persuade the state Claims Board to hand the railroad more than half a million dollars for helping develop a high-speed rail plan before Gov. Scott Walker killed the project.

A cyberattack similar to previous hacker intrusions from China penetrated computer networks for months at the government's leading security clearance contractor before the company noticed the break-in.

NASA pays it billions.

A Chinese government-owned rail company was awarded a $566.6 million Massachusetts state contract on Wednesday to build subway trains for the "T," the nation's oldest subway system, despite concerns from local activists about China's human rights record as well as complaints from competitors that the company's winning bid was unrealistically low.

The Army has awarded $80 million in helicopter contracts to Wall Street executive Lynn Tilton even as the Justice Department investigates whether she played by the rules to win earlier military work.