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Financial Report

U.S. Navy Awards $900 Million Contract to URS and Others.

Four firms have been awarded a $900 million, five-year indefinite delivery/indefinite quantity U.S. Navy contract, among them is URS Corp. The contract specifies construction projects at Department of Defense installations around the world. URS may gain the right to perform services by competitively bidding or by assignment from the Navy …

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$27 Million Contract Awarded to Raytheon

The U.S. Army Aviation and Missile Command has awarded $27 million to Raytheon. The contract calls for Raytheon to provide technical support to Taiwan’s Patriot air and missile defense system. This will be accomplished through field engineers who will work to refurbish equipment and will also provide other advisory services. …

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Pentagon Awards Over $100 Million to Northrop Grumman

In an announcement made Monday, the Pentagon says it has awarded two contracts, totaling over $100 million to Northrop Grumman for Navy aircraft servicing. The first, in the amount of $98.7 million, calls for the firm to furnish expeditionary litening pods, which are aircraft performance enhancing technology to be mounted …

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Lockheed Martin Wins $25.1 Million Navy Contract

Lockheed Martin Corp. has won a $25.1 million contract from the Navy for hardware upgrades to the Virginia Class attack submarine.  The hardware upgrades will be implemented to the subs’ aging sonar systems, upgrades which have already been applied to the first ten ships of the class as part of the …

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EMC and VMware Join Together To Help Customers Virtualize

EMC Corp. and VMware have announced today that they are expanding their partnership with the goal of maximizing the customers experience using VMware vCenterTM Product Family and the EMC® Ionix TM portfolio. This new agreement will allow EMC to be a fully authorized reseller of VMware vCenter AppSpeed. The two …

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Raytheon Announces Third-Generation of Cross-Domain Guard

Raytheon has announced the release of a new version of its High-Speed Guard cross-domain information-sharing solution aimed at government organizations. The firm promises that the latest version will be more economical, reducing hardware costs up to 75 percent and that it will be up to 625 percent faster, with peak …

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$23.5 Million Task Order Awarded to American Systems

The Naval Facilities Engineering Command Specialty Center Acquisitions (NAVFAC SCAN) in Port Hueneme, CA, under the American Recovery and Reinvestment Act of 2009 (ARRA), has awarded Chantilly based, American Systems a task order worth approximately $23.5 million as part of an indefinite-delivery/indefinite-quantity award already in place.

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Revised Cybersecurity Emergency Bill

Sen. John Rockefeller (D-W. VA), has written a revised draft of the proposed cybersecurity bill. The bill had initially caused alarm among interested parties due to language allowing the President to shut down the Internet in the case of a cybersecurity emergency. The current draft still gives the President the …

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