Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments

Mike Petters
Mike Petters Huntington Ingalls Industries (NYSE: HII) has announced financial results for the third quarter of its 2014 fiscal year ended Sept. 30, 2014. The submarine and ship manufacturer posted a 4.9-percent revenue increase to $1.72 billion from the same period in 2013 and booked $400 million in new contract awards for the third quarter. Total backlog at the end of the quarter is $22.8 billion...

Booz Allen to Build GSA Open Source Cloud Tool for Contract Mgmt

cloudIT
Booz Allen Hamilton (NYSE :BAH) has been awarded a five-year, $64.5 million contract to build an open source cloud computing platform platform for the General Services Administration‘s Federal Acquisition Service to manage acquisitions for agencies and contractors. The FAS’ office of integrated award environment sought a single, common services platform based in the cloud and with open...

NASA Picks 4 Companies for Suborbital Flight Support Contracts

space-engineering
Four companies have won contracts to help NASA integrate and take research payloads onboard commercial reusable suborbital vehicles to the edge of space. NASA said Monday it awarded contracts worth at least $100,000 each to Masten Space Systems, Paragon Space Development, Up Aerospace and Virgin Galactic for suborbital flight and payload integration services. Each contract has a three-year base period...

Accenture Lands Army ERP Infrastructure Support Contracts

big data2
A subsidiary of Accenture (NYSE: ACN) has won two contracts with a total $53.1 million value to provide support services for the U.S. Army‘s General Fund Enterprise Business System. The first contract is worth $42 million and calls for Accenture Federal Services to help the branch maintain and operate the GFEBS infrastructure, Accenture said Wednesday. Work will also include project management,...

Lockheed Acquires Energy Storage, Conversion Tech Maker Sun Catalytix

lockheed martin
Lockheed Martin (NYSE: LMT) has acquired Cambridge, Massachusetts-based energy storage and conversion technology maker Sun Catalytix Corp. for an undisclosed sum. Sun Catalytix will operate as a subsidiary within Lockheed’s missiles and fire control business area and will do business under the name Lockheed Martin Advanced Energy Storage LLC, Lockheed said Monday. Twenty-five Sun Catalytix...

Report: US Contractors’ Cut of Israel’s ‘Iron Dome’ Spending to Increase From 3% to 55%

iron dome
Israel has agreed to share more than half of funds it will receive from the Pentagon next year with U.S. contractors to build Iron Dome anti-rocket shields, Bloomberg reported Wednesday. Tony Capaccio writes that the U.S. Missile Defense Agency told Congress in a report obtained by Bloomberg that funds going to the U.S. industrial base for the co-production of Israel’s missile interceptor will...

Razorsight Adds Local Govt Customer as it Works to Extend Reach of Predictive & Descriptive Analytics

Chris Checco
Razorsight, the Reston, Va.-based provider of predictive and other cloud-based analytics solutions, has locked in a muti-year deal with a new local government customer that the company said serves one of the largest municipalities in the U.S. The firm’s Chief Technology Officer Suren Nathan said Razorsight will deploy a descriptive and predictive applications suite for the government in an effort...

Diane Balderson, Former NAVAIR Official, Joins Northrop as Contracts & Pricing VP

Diane Balderson
Diane Balderson Diane Balderson, former executive director and assistant commander for contracts at Naval Air Systems Command, has joined Northrop Grumman (NYSE: NOC) as vice president of contracts and pricing. Northrop said Monday that the 33-year government acquisition veteran will oversee the company’s policies on contracts and pricing, as well as be responsible for Northrop’s contract...

Tony Smeraglinolo: Engility Targets New Contract Vehicles As DRC Buy Closes

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has closed its $11.50-per-share acquisition of Dynamics Research Corp. as part of a growth strategy to target markets such as healthcare and homeland security. DRC holds 300 active contracts and that figure includes several positions on indefinite-delivery/indefinite-quality contract vehicles awarded by the Defense Department and civilian agencies, Engility...

CAE USA Books $85M in 2Q Military Contracts; Gene Colabatistto Comments

Gene Colabatistto CAE USA, a subsidiary of the Montreal-based aerospace and defense contractor, won approximately $85 million in contracts from military customers during the second quarter, including up to $50 million in option awards over the next five years. The contracts include an option for the fourth year of a training services contract the subsidiary holds with the U.S. Air Force on the KC-135...