CSC Picks Up Deal to Support Navy’s ONE-NET Project

According to the Department of Defense, “CSC (NYSE: CSC) is being awarded an $11,199,981 firm-fixed-price cost reimbursable, other direct costs contract for support services for the operation, maintenance, support, and management of Outside-the-continental-U.S. Navy Enterprise Network (ONE-NET), Far East Region.  This contract contains a six-month base period and six, one-month option periods...

Cisco Wraps Up $95 Million Inlet Technologies Acquisition

Cisco (NASDAQ: CSCO) has finalized its acquisition of privately-held Inlet Technologies for $95 million. The Raleigh, N.C.-based firm focuses on Adaptive Bit Rate digital media processing platforms and will provide a boost to Cisco’s Videoscape TV platform offering. According to Cisco, “Inlet brings to the firm a strong team that understands the complexities of delivering ABR video over...

ManTech Releases Figures for ‘Excellent’ 2010; Expects to Exceed $3B Revenue in 2011

George Pedersen ManTech International (NASDAQ:MANT) released financial results for the fourth quarter and fiscal year 2010, ending Dec. 31, 2010. Notably, the firm reported a 29% revenue increases for the fourth quarter ($697.9 million) and for the fiscal year (2.6 billion). “Fiscal year 2010 was an excellent year for ManTech, marked by double-digit growth, increased profitability, excellent...

General Dynamics Secures Defense Work

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded an $11,126,773 firm-fixed-price modification to existing previously awarded contract (N00024-10-C-5141) for the production of Aegis gun and guided missile directors (MK82 Mod 0) and Aegis Director Controllers (MK 200 Mod 0).  The MK 82 director serves to position the fire control system antenna to a commanded...

Raytheon Locks Up Air Force Work

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $68,000,000 contract which will provide the required support to perform activities associated with the lifecycle phases for the Cross-domain Enterprise All-source User Repository (CENTAUR) system in support of current and future CENTAUR deployments.  At this time, $6,449,481 has been obligated.  ESC/HSJK, Hanscom Air...

Financial Announcement from L-3

LPublic Law-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...

Booz Allen Locks Up Navy Medical Deal

Booz Allen Hamilton (NYSE: BAH) won a contract from the Navy Bureau of Medicine and Surgery. The deal carries a value at $10.7 million over 27 months. According to the firm, Booz Allen “will provide on-site primary support and technical services to the BUMED M6/Chief Information Officer (CIO) office. Additionally, Booz Allen will provide governance and strategic planning services to facilitate...

Raytheon Completes Applied Signal Technology Purchase

Raytheon (NYSE: RTN) has finalized its purchase of Applied Signal Technology, Inc. (Nasdaq: APSG). According to the firm, “based on information provided by BNY Mellon Shareowner Services, the depositary for the tender offer, approximately 12,413,103 shares, representing approximately 87.8 percent of AST’s outstanding shares, were validly tendered and not withdrawn in the offer (including...

CEO Steve Gaffney on DynCorp’s ‘Huge Achievement’

Steve Gaffney DynCorp International became one of the first firms in government contracting to pick up the Capability Maturity Model Integration for Services (CMMI-SVC) Capability Level 3 for “program management, support and organizational processes across both of the company’s operating segments, Global Stabilization and Development Solutions and Global Platform...

CSC Leads GovCon All-Star Team into Competition for Navy NGEN Deal; Jim Sheaffer Comments

Jim Sheaffer CSC (NYSE:CSC) plans to team with General Dynamics Information Technology (NYSE: GD), Harris (NYSE:HRS) and Cisco (NYSE:CSCO) to bid on the Navy’s anticipated five-year contract to provide IT enterprise services. The deal functions under the Next Generation Enterprise Network (NGEN) initiative, “which aims to achieve the Navy’s vision of a fully...

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