Financial Report

IBM Corp. has negotiated a long-term contract to provide application management services to W.R. Grace & Co., a specialty chemicals company.  Financial terms of the deal were not disclosed. IBM Global Business Services will build a technology platform to allow W.R. Grace & Co. to update and standardize application delivery across its …

ICF International, Inc. (NASDAQ:ICFI), has won a new contract with a U.S. based utility to design and implement energy efficiency programs for residential and commercial customers.  The three-year contract is worth $7.4 million. Mike Mernick, ICF senior VP and energy efficiency expert, said of the contract “We have established strong working relationships …

IBM researchers in conjunction with Paul W. K . Rothemund of the California Institute of Technology are working on a new technology that is will allow them to arrange DNA origami structures on surfaces that are compatible with current semiconductor manufacturing equipment capabilities.

The Navy will spend $6 billion over the next five years on unmanned programs such as the Broad Area Maritime Surveillance (BAMS) system. $4 billion will go to unmanned aerial vehicles (UAVs) and $1 billion each will bbe committed to unmanned surface platforms and unmanned underwater vehicles. Navy officials have …

The Navigation Systems Division (NSD) under Northrop Grumman Corp. has been re-certified in the International Organization for Standardization (ISO) 9001/AS9100. It was awarded to the Woodland Hills, California; Salt Lake City and Norfolk, VA locations.

EDS’s Indian subsidiary, MphasiS, has reached a deal to purchase the India-based IT services and solutions unit of American International Group (AIG). Financial terms were not disclosed.

Defense Logistics Agency has awarded a $250 million contract to SAIC for maintenance and repair work.  SAIC will repair and maintain vehicles and equipment from the Army, Navy, Air Force, Marine Corps and other federal agencies.

Perot Systems Corporation has won a five-year extension to its ongoing administrative services agreement with Old Mutual U.S. Life. The agreement extends the current seven-year relationship between the companies until 2014. Under terms of the agreement, Perot Systems will continue to provide ongoing insurance policy administration and IT solutions. Peter Altabef, Perot …

The U.S. Army’s Communications-Electronics Research Development Center has awarded a contract worth $900 million to CACI International Inc. for scientific and engineering support.  Under the contract, CACI will research, develop, and prototype systems for intelligence collection.  The award is an extension of a previous contract that CACI has held since 2006.

A one year contract with four one-year options was awarded to six companies, among them is Falls Church based CSC. The contract calls for the firms to provide security support and has a $30 Million ceiling value for the six combined. CSC will compete with the other firms to implement …