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Tag Archives: business news

BAE Systems Wins $850 Million Army Contract

BAE Systems won a deal from the U.S. Army to manage, operate and maintain the Radford Army Ammunition Plant in southwest Virginia. According to the firm, “the operating contract includes a 10-year base plus three five-year options, which, if fully exercised, will extend the award thru 2036.  Initially, the Army ...

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Black Box Reports Record Numbers

Black Box (NASDAQ: BBOX) noted “record” revenues of $1.1 billion in fiscal 2011, an 11 percent boost, with 9 percent organic revenue growth. “I am proud to announce our record revenue for Fiscal 2011,” CEO Terry Blakemore said. “Our results for the year demonstrate the power of our diversified solution ...

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GeoEye Names Andy Dougherty to Leadership Role

GeoEye (NASDAQ: GEOY) named Andy Dougherty vice president of Federal Information Services, Business Development. “We are adding federal sales leadership to drive broader adoption of our online access and analytics solutions across the Department of Defense, Intelligence, Homeland Security, and federal civil communities,” Sales lead Chris Tully. “Andy brings a ...

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Raytheon Books Work from Boeing

Raytheon (NYSE: RTN) won a contract from Boeing (NYSE: BA) for the second procurement in the four-year Multi-Year III program to produce and deliver APG-79 active electronically scanned array radars for F/A-18 Super Hornet tactical aircraft. According to the firm, “the APG-79 AESA radar hardware has 10-15 times greater reliability ...

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Raytheon Books $110 Million Missile Deal

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a cost-plus-award-fee modification under contract HQ0276-10-C-0005, P00011.  The total award value of this action is $110,678,886, resulting in a new cumulative contract value of $275,967,245.  The modification will extend CLIN 0001 period of performance to continue engineering and ...

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Lockheed Snaps Up Air Force Work

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $19,586,819 firm-fixed-price contract modification for square window paratroop door kits applicable to C-130 aircraft.  At this point, $7,445,909 has been obligated.  Work will be performed in Marietta, Ga.  Warner Robins Air Logistics Center, Tactical Airlift Division ...

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Cisco Release Financial Stats

Cisco reported third quarter results for the period ended April 30, 2011, with net sales of $10.9 billion and net income of $1.8 billion. “This quarter played out as we expected,” CEO John Chambers said. “We have acknowledged our challenges. We know what we have to do. We have a ...

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Symantec Sees Positives in Financial Report

Symantec (NASDAQ: SYMC) reported results of its fourth quarter and the fiscal year 2011, ended April 1, 2011. According to the firm, “GAAP revenue for the fiscal fourth quarter was $1.67 billion, up 9 percent year-over-year and up 8 percent after adjusting for currency. For the fiscal year, GAAP revenue ...

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