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Executive Moves

Northrop Grumman Wins $5.84 Billion in Maintenance Contracts

Northrop Grumman (NYSE: NOC) have rallied after the company announced two new contract wins.  Northrop Grumman will overhaul the US Navy’s Theodore Roosevelt, a Nimitz-class nuclear-powered aircraft carrier carrier, for $2.4 billion and will provide maintenance and upgrade services to the Air Force for its B-2 bomber weapon system for $3.44 billion. Northrop Grumman is …

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BAE Wins $89 Million Contract for Humvee Emergency Escape Windows

BAE Systems has won an $89 million contract to make vehicle emergency escape windows for Humvees.  BAE will manufacture 29, 000 emergency escape window kits under the contract.  Work on the order will be performed in Minneapolis and Butler, Pennsylvania.  Windows will be installed in the M1151 Mobility Multipurpose Wheeled Vehicles, better …

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Subsystem Technologies to Support BearingPoint with Passive RFID Engineering Services

Subsystem Technologies, Inc. will support BearingPoint, Inc. by providing passive Radio Frequency Identification (RFID) technical engineering services to the U.S. Army.  BearingPoint recently announced the award of a blanket purchase agreement (BPA) by the Information Technology, E-Commerce and Commercial Contracting Center to provide RFID technical services, data integration software, and passive RFID …

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Raytheon Wins $7 Million Office of Naval Research Semiconductor Contract

Raytheon Co. has won a $7 million contract from the Office of Naval Research (ONR) to improve the semiconductors used by U.S. military agencies. Under the contract, Raytheon will improve the yeild and integration densities of compound semiconductor and silicon complementary metal oxide semiconductor transistors fabricated on silicon wafers.  This award …

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ICF Awarded Portion of $50 Million HUD Neighborhood Stabilization Program

ICF has won part of $26.2 million in funding, along with Enterprise Community Partners and the National Council for Community Development.  The funds are a portion of $50 million in new funding for the HUD’s Neighborhood Stabilization Program, designed to help state and local governments address swelling inventories of foreclosed properties.  Uses …

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Lockheed Martin Wins $9.8 Million Air Force Contract

Lockheed Martin Corp. has won a $9.8 million contract from the United States Air Force to perform needed onsite maintenance and to support the Iraqi military.  Under the contract, Lockheed Martin will provide maintenance support at facilities in the region, and provide technical assistance to the Iraqi Air Force. Lockheed will also train …

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Serco’s Adjusted Operating Profits Rise 43%

Serco Group plc said adjusted operating profit for the six months ending in June rose 43 percent to almost $179 million, compared to an expected $165 million, according to company data.  Serco expects double-digit revenue growth in coming years as government at home and abroad continues to outsource work to save cash, …

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Lockheed Martin Wins Naval Air Systems Command Commander’s National Award

Lockheed Martin and other members of the Maritime Patrol and Reconnaissance Aircraft (MPRA) Acoustic Commonality Team have received a Commander’s National Award from the Naval Air Systems Command (NAVAIR).  The Commander’s National Award is presented in honor of technical, business and leadership excellence to NAVAIR’s teaming partners. Lockheed Martin’s award was in …

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Bipartisan Cyber Legislation Will Ditch Presidential Emergency Powers, Include Emphasis on Training, Certification

Forthcoming bipartisan cybersecurity legislation from Senators J. Rockefeller (D-WV) and Olympia Snowe (R-ME) will undergo some significant modifications.  The revised legislation will remove a controversial provision that enables the President to effectively turn off the internet in the event of a major cyber attack and feature a greater emphasis on training and …

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NJVC Company Golf Tournament Raises $14K For Laptops for the Wounded

NJVC raised $14, 000 for Laptops for the Wounded, a nonprofit organization that provides webcam-equipped laptops to wounded veterans in military hospitals,  at the company`s seventh annual golf tournament.  The funds will help wounded warriors recuperating at hospitals such as Walter Reed Army Medical Center.  The tournament was held on June …

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