SAIC Wins Spot on $228M Natl Lab IT Services IDIQ; Dan Harris Comments

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Science Applications International Corp. (NYSE: SAI) has won a position on a $228 million prime contract to provide mission computing and information technology support for two national laboratories. The single-award, indefinite-delivery/indefinite-quantity contract contains five years and an option to extend work for two more years, SAIC said Monday. Through a subsidiary, Lockheed Martin (NYSE: LMT)...

URS Team to Manage Radioactive Waste on Potential $1B Contract; Robert Zaist Comments

A URS Corp.-led (NYSE: URS) team has won a potential $1.3 billion Energy Department contract to operate a radioactive waste isolation pilot plant near Carlsbad, New Mexico. The San Francisco-based company said the Nuclear Waste Partnership subsidiary will start work Oct. 1 under the potential 10-year contract, which has five base years and a five-year option. URS and Babcock & Wilcox Technical...

News- Boeing Receives $8.5 Million in Stimulus Money for Smart Grid

The US Department of Energy has awarded Boeing an $8.5 million grant to conduct research on improving the efficiency of the US power grid. The research will be conducted on the next three years and will focus on improving efficiency and reliability. The grant will fund a prototype smart grid in different sections of the US. The specific goals of the project are to: increase reliability of the grid,...

Contract Award- Boeing – $8.56 Million – DOE

The Department of Energy has awarded Boeing Co. a contract worth $8.56 million to develop prototype smart grid technology. The award was one of 32 contracts awarded by the DOE totaling $620 million. According to the statement made by the DOE, under the contract, Boeing will “demonstrate an advanced smart-grid software technology with military-grade cybersecurity for improving regional transmission...

News- Vangent Announces 12 Percent Growth Rate in Third Quarter

Vangent, Inc. has announced it’s third quarter financial results for 2009. For the quarter ending in September 2009, Vangent recorded $149.4 million in revenue, a twelve percent increase from the same time period the previous year. One of the largest contributors to the total revenue was the Government Group, whose revenue increased 16 percent or $17.8 million. The Government Group recently won...

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