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Tag Archives: L-3 Communications

Ken Asbury: CACI to Focus on Organic Growth After L-3 NSS Acquisition

Ken Asbury

TYSONS CORNER, VA, February 8, 2016 — CACI International (NYSE: CACI) President and CEO Ken Asbury has said the company will focus on organic growth following its $550 million acquisition of L-3 Communications‘ (NYSE: LLL) national security solutions unit, ExecutiveBiz reported Friday. Asbury said in an interview published Thursday on The …

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Karl Jensen Joins CH2M as SVP, Federal Portfolio Lead

CH2M

Karl Jensen, formerly senior vice president of business development at CACI International (NYSE: CACI), has joined Colorado-based engineering firm CH2M as SVP and federal portfolio lead. In this capacity, Jensen oversees the development and delivery of engineering services and platforms to government agencies. At CACI, he was responsible for the …

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February 2 Market Close: GovCon Index Falls 2% on Harris Revenue Forecast Cut, Oil Declines Weigh on US Markets

GovConIndexDOWN

The GovCon Index slumped back into a correction — at least 10 percent down from its most recent high — Tuesday with a decline of 2.124 percent to 70.226 spurred by Harris Corp.‘s (NYSE: HRS) move to cut projected revenue for the company’s 2016 fiscal year. Shares of Harris plummeted 9.78 percent after the …

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CACI Closes $550M L-3 NSS Govt Services Business Buy; Ken Asbury, Michael Strianese Comment

acquisition, merger

CACI International (NYSE: CACI) has completed its $550 million cash acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) as part of a growth strategy to target enterprise information technology and intelligence markets. CACI said Monday it expects NSS, a mission services provider for the government sector, …

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L-3 Unit to Upgrade Software of Romanian Nuclear Plant Simulator

L-3 logo

TYSONS CORNER, VA, January 26, 2016 — A division of L-3 Communications (NYSE: LLL) will work to update the digital control computer emulation of the Cernavoda nuclear power plant simulator under a contract with Romania’s Societatea Nationala Nuclearelectrica, ExecutiveBiz reported Monday. L-3 MAPPS will provide the upgraded software for the simulator by …

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January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

GovConIndexDOWN

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

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L-3 to Repair Navy Virginia-/Ohio-Class Submarines Under $45M Contract

L-3 logo

TYSONS CORNER, VA, January 19, 2016 — L-3 Communications (NYSE: LLL) has received a three-year, $44.7 million contract for the upgrade, repair and overhaul of the photonics masts of U.S. Navy Virginia-class and Ohio-class submarines, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform engineering, technical and other contract work in …

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Mitcham Buys L-3’s Sonar Tech Manufacturing Business

acquisition, merger

Mitcham Industries has bought an L-3 Communications (NYSE: LLL) business unit that offers side-scan sonar and waterside security systems to the military and commercial sectors. Texas-based Mitcham sells or leases geophysical equipment for energy, academic, environmental, seismic and government use, and the company aims to expand its technology and customer base through the …

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January 4 Morning Report: GovCon Index Ends 2015 Down on Oil Price Declines

GovConIndexDOWN

The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis. Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude …

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L-3 NSS Division to Provide Army Cloud IT Services; Les Rose Comments

cloudIT

An L-3 Communications (NYSE: LLL) division has received a potential five-year, $107 million task order to provide technical support and cloud-based services for about 20,000 computing systems of the U.S. Army. L-3 said Monday its national security solutions segment will help the Army’s information technology agency to manage standard and virtual desktop computers and mobile …

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