Armor Holdings News

A Phoenix subsidiary of British defense contractor BAE Systems has agreed to pay three temporary female workers $110,000 to settle a sex and age discrimination lawsuit brought by the trio and U.S. Equal Employment Opportunity Commission.

Tony Russell recently was named president of BAE Systems ' Security & Survivability Systems, a new line of business under its reorganized Land & Armaments operating group that's based in Arlington, Va.

Federal Signal Corp. , the Oak Brook manufacturer locked in a proxy fight with an activist investor, said Monday that management has received the backing of prominent proxy-advisory firm.

A Jacksonville-based manufacturer of law enforcement and security gear is bringing jobs to the area, but the name of the company may not be familiar to many.

Current market conditions have enhanced Clarus Corp.'s assets for a future combination.

British defense equipment firm BAE Systems said Thursday that net profits rocketed 93 percent in 2008 owing to strong demand for vehicles used in US-led conflicts in Iraq and Afghanistan.