According to the Department of Defense, “the Bell Boeing (NYSE: BA) Joint Project Office is being awarded a $30, 291, 489 cost-plus-incentive-fee contract to procure two U.S. Air Force Special Operations Command Tiltrotor (CV-22) flight training devices, and associated provisioned items and spares. Work will be performed in Broken Arrow, Okla. (53 percent); Fort Worth, Texas (35 percent); Philadelphia, Pa. (7 percent); Clifton, N.J. (3 percent); and Orlando, Fla. (2 percent). Work is expected to be completed in September 2013. Contract funds will not expire at the end of the current fiscal year. This contract was not competitively procured pursuant to FAR 6.302-1. The Naval Air Warfare Center Training Systems Division, Orlando, Fla., is the contracting activity (N61340-11-C0004).”
CACI International Inc. (NYSE: CACI) announced Thursday it has signed a definitive agreement to acquire financial management and business analytics services provider Delta Solutions and Technologies Inc. for an undisclosed amount. CACI said it expects the deal to increase its earnings per share in the year after the expected July 1 close and open new
BAE Systems won a deal from the U.S. Army to manage, operate and maintain the Radford Army Ammunition Plant in southwest Virginia. According to the firm, “the operating contract includes a 10-year base plus three five-year options, which, if fully exercised, will extend the award thru 2036. Initially, the Army has awarded approximately $850 million
ITT Corporation (NYSE: ITT) CEO Steve Loranger is set to present at the 2011 Electrical Products Group Annual Spring Conference in Longboat Key, Fla. on Monday, May 16, the firm reports. Loranger’s comments will begin at 9:00 a.m. EDT.