Raytheon to Update Japan’s Phalanx Weapon Systems; Rick Nelson Comments

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Raytheon (NYSE: RTN) has won a multiyear, $200 million contract to upate the close-in weapon systems of Japan’s maritime self-defense force. The company will provide upgrade kits, support equipment and hardware spares for the Phalanx weapon systems, Raytheon said Thursday. “Phalanx provides the critical inner-layer of protection to sailors around the globe against threats that are...

Richard Montoni: MAXIMUS to Add Healthcare Workers for UK Benefits Assessment Contract

Richard Montoni
Richard Montoni MAXIMUS‘ (NYSE: MMS) U.K. subsidiary has been selected for a potential five-year contract to assess individuals in the country that apply for disability benefits. The U.K.’s department for work and pensions will use MAXIMUS’ assessment results to determine an applicant’s eligibility to various health and disability benefits, the company announced Thursday. Reuters first...

Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Iridium Records 7% Revenue Hike for 3Q 2014, Gov’t Services Sales Up 14%

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Iridium Communications (NASDAQ: IRDM) has announced financial results for the third quarter of its 2014 fiscal year, which ended Sept. 30, 2014. Revenue for the McLean, Virginia-based satellite services contractor rose 7 percent to $107.5 million from the prior-year quarter and profit increased approximately 22.9 percent to $20.4 million. The company’s government services revenue increased 14...

ATK 2Q 2015 Revenue Jumps 11%, Aerospace and Defense Groups Record 3% Increases

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ATK (NYSE: ATK) has announced the financial results for the second quarter of its 2015 fiscal year, which ended on Sept. 28, 2014. The Arlington, Virginia-based aerospace and defense contractor reported an 11-percent increase in revenue from the prior-year quarter, a 2.1-percent increase in profit and an uptick in sales for all three of its business groups. Revenue for the aerospace group rose 3.1...

Bill Toti: Cubic to Support Marines Training for Combat Readiness

Bill Toti
Bill Toti A Cubic (NYSE: CUB) operating company within its mission support services business will provide training support to the U.S. Marine Corps under a three-year, $46.5 million contract with the Marine Corps Systems Command. Cubic Applications will help the Marine Air Ground Task Force’s training systems support program in providing battle staff and C4 mobile training, command post and...

October 30 Morning Report: GovCon Index Down on Wednesday’s Close

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The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16,974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1,982.3. Nasdaq lost 15.07...

Report: Israel to Place 2nd Lockheed F-35 Order

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Israel will order 25 Lockheed Martin (NYSE: LMT) F-35A fighters in addition to the 19 jets the nation committed to buy in 2010 from the U.S. government, Defense News reported Wednesday. Aaron Mehta writes the government of Israel ordered a first set of Lockheed-built conventional takeoff and landing fighters four years ago through the Defense Department‘s foreign military sales program. Israel...

Deb Alderson: Sotera Sells Expeditionary Systems Arm in ‘Pure Play Nat’l Security’ Push

Deb Alderson
Deb Alderson Sotera Defense Solutions has sold its engineered solutions division, a provider of services and components for U.S. military field kitchens and sanitary equipment, to military tent supplier Outdoor Venture Corp. for an undislclosed sum. Deb Alderson, Sotera chairman and CEO, said Oct. 22 that the sale is part of Sotera’s strategy “to become a leading pure play national security...

Booz Allen Purchases Health Informatics Firm Epidemico; Karen Dahut Comments

Karen Dahut
Karen Dahut Booz Allen Hamilton (NYSE: BA) has acquired Boston-based population health informatics company Epidemico for an undisclosed sum in a push to further develop analytics offerings in population health. Karen Dahut, a Booz Allen executive vice president, said Wednesday that the acquisition is “aligned to Booz Allen’s Innovation agenda, adding a creative and successful startup to...