Financial Announcement from L-3

L-3 Communications’ (NYSE: LLL) board of directors approved an increase to the regular quarterly cash dividend 12.5 percent from $0.40 to $0.45 per share. According to the firm, “this is the seventh consecutive annual increase in L-3’s quarterly dividend rate. The board has also declared the next dividend payable on March 15, 2011 to shareholders of record...

Financial Announcement from CSC

CSC (NYSE: CSC) released the following financial statement: “[The firm] will release financial results for the third quarter of fiscal year 2011 on Feb. 9, 2011, at approximately 8:30 a.m. EST. “CSC senior management will host a conference call and webcast on the same day at 11 a.m. EST. The conference call dial-in number for domestic callers is 888-312-3046....

Ball Caps Credit Facility

Ball Corporation (NYSE: BLL) released the following financial announcement: “[The firm] has completed the closing of its new senior secured credit facility. The new $1.4 billion senior secured credit facility extends bank maturities through 2015 and provides greater flexibility for share repurchases and other corporate actions. “The new credit facility provides Ball with additional borrowing...

Boeing Puts Final Touches on CDM Technologies Purchase

Boeing (NYSE: BA) has finalized its acquisition of software-engineering firm CDM Technologies. The California-based operation specializes in “real-time transportation and logistics planning systems for the U.S. military.” Terms of the deal were not disclosed. According to Boeing, the move supports “growth strategy for logistics command and control.” The firm will be folded...

General Dynamics Wins Tech Support Deal for Abrams Tanks

General Dynamics (NYSE: GD) won a $68 million contract to provide Abrams Tank systems technical support for the U.S. Army TACOM Lifecycle Management Command. According to the firm, “the award will fund engineering studies on Abrams main battle tanks to identify improvements and replace obsolete parts to maintain the tanks at high operational readiness rates. The work will be performed by existing...

ITT Finalizes Sale of CAS to Wyle; Dave Melcher Speaks

ITT Corporation (NYSE: ITT) wrapped up the sale of CAS, Inc., the firm’s systems engineering and technical assistance (SETA) services business, to Wyle for $235 million. “We are pleased to have completed the sale of this business to a company that can position it for future growth,” Dave Melcher, ITT senior vice president and president of its Defense and Information...

Raytheon, Lockheed Martin Claim Air Force Contracts

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $161,278,400 contract modification, which will provide Enhanced Paveway II, III and GPS adapter kits in addition to kit spares, adapter groups, readiness test sets, bomb-tool kits, enhanced paveway tool sets, CAMBRE adapter kits and mission planning software.  At this time, $161,278,400 has been obligated.  OO-ALC/GHGKB,...

Northrop Grumman Snags Valuable C-RAM Contract

Northrop Grumman (NYSE: NOC) picked up a $68 million award to provide personnel for operating Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOB) supporting Operation Enduring Freedom in Afghanistan. According to the firm, “Northrop Grumman received the award as a task order issued under the Encore II contract vehicle from the Defense Information Systems Agency...

BAE Readies for Work on Lucrative Mine-Resistant Vehicle Enhancement Contract

BAE Systems picked up a $629 million contract from the U.S. Mine Resistant Ambush Protected (MRAP) Joint Program Office (JPO) to enhance 1,700 Caiman MRAP vehicles. According to the firm, “the upgraded vehicle, called the Caiman Multi-Terrain Vehicle (MTV), integrates a refurbished and improved armored capsule from an existing Caiman with a new high-power automotive power train, chassis and independent...

General Dynamics Wins Deal to Make Gatling Gun For Navy Aircraft

General Dynamics (NYSE: GD) secured a $9.8 million contract from the U.S. Naval Air Warfare Center aircraft division to produce the M61A2 20mm Gatling gun system for the F/A-18E/F aircraft. According to the firm, “production work will be performed at General Dynamics’ facility in Saco, Maine, and the program will be managed at General Dynamics’ Burlington Technology Center in Vermont. Work...