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Northrop Grumman's profit fell 9% as a charge related to debt buybacks weighed on the defense contractor's bottom line.
The Pentagon's procurement chief is expected to tell Wall Street that the Defense Department opposes consolidation among top-tier contractors.
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Sweden's Saab said it will soon set up a joint venture with Hindustan Aeronautics to manufacture airborne warfare systems for advanced light helicopters in India.
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BAE Systems PLC's joint venture with Mahindra & Mahindra Ltd. is part of a consortium that has bid for a contract to develop a combat vehicle for the Indian Army, the chief executive of the U.K.-based company's India unit said.
The Navy said it made a breakthrough in drone technology with the first flight of the X-47B, an unmanned jet designed to take off and land from an aircraft carrier, one of the most complex and difficult feats in aviation.
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