According to the Department of Defense, “SAIC (NYSE: SAI) is being awarded a $50, 637, 860 cost-plus-award-fee contract modification for proactive technical management to enable more effective program execution, which involves managing a technical baseline, interfaces and system performance by performing systems engineering and integration. Work will be performed at El Segundo, Calif. Contract funds will not expire at the end of the current fiscal year. The Air Force Space and Missile Systems Center, Global Positioning Systems Directorate, PKP, El Segundo, Calif., is the contracting activity (FA8807-07-C-0002; P00069).”
F5 Networks (Nasdaq: FFIV) has agreed to acquire Santa Clara, Calif.-based Shape Security for approximately $1B in cash as both companies aim to help government and enterprise customers secure digital experience with integrated offerings.
The Department of Health and Human Services has awarded Paratek Pharmaceuticals a potential a five-year, $169M contract to further develop an antibiotic drug as a potential treatment for inhalation anthrax.