Financial Report

Lockheed Wins $12.7M Pepco Contract

Pepco Holdings Inc. has awarded Lockheed Martin Corp. a three-year contract to manage commercial energy efficient programs in Washington, D.C. Lockheed will be responsible for managing several programs aiming to help Pepco’s customers save energy. A $12.7 million budget has been allotted for the D.C. non-residential programs. Tom Grumbly, Vice …

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Lockheed Martin Questions Safety, Cost of Commercial Passenger Transport to ISS

Lockheed Martin is warning that the fast-tracking of plans to develop commercial passenger transport systems for the International Space Station (ISS) costly and unsafe. John Stevens, director of business development for human spaceflight at Lockheed Martin Space Systems, said “we’re having a hard time affording the Orion program, which is designed to take humans …

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IBM: “We have been watching Brazil for a while…The time is right.”

Move over, China and India, IBM is betting that the next developing technology hotspot will be Brazil.  The company has announced a new initiative to stimulate country’s developing technology sector. For starters, IBM will host its first-ever forum for São Paulo venture capitalists and entrepreneurs and FINEP, the Brazilian government organization dedicated …

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Apptis Moves After May FAA Contract Win

In May, Apptis won a $34 million contract from the Federal Aviation Administration (FAA) Air Traffic Organization – Terminal (ATO-T) encompassing program planning, execution, implementation, and cost & financial assistance. ATO-T organization’s mission is the is to safe and efficient movement of air traffic. Now, Apptis is moving to 370 L’Enfant …

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Qwest to Stop Wireless Service on October 31

Qwest International Inc. will stop providing wireless phone service on Oct. 31, as the company seeks to exit from the wireless business.  Last year, the company began transitioning its wireless customer base to Verizon Wireless, and last month, Qwest said that over 75% of its wireless customer base had migrated to the Verizon Wireless …

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Lockheed Martin Wins $193 Million Army Medical Command Contract at Ft. Sam Houston

Lockheed Martin Technical Services has won a $193 million contract from the U.S. Army Medical Command to assist in consolidating its military medical facilities at Fort Sam Houston.  Under the contract, Lockheed martin will furnish logistical support for the relocation of basic and specialty training operations for enlisted personnel from the …

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Albert Gonzales, Cybercrime Kingpin Behind 130 Million Stolen Credit Cards, Indicted

Albert Gonzales, aged 28, believed by police to be one of the nation’s largest cybercrime kingpins, was indicted Monday along with two Russian accomplices for the largest hacking/identity theft caper in U.S. history.  Federal prosecutors allege that the trio stole data from 130 million credit and debit cards worldwide by …

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Hackers Utilize Social Media and Stolen IDs to Perform Cyber Attacks

New research suggests that during last year’s five-day war between Russia and Georgia, Russian hackers utilized a combination of hijacked American identities and U.S. software tools to carry out an attack on Georgian governmental web sites. A major issue with cyber-warfare is that current military and international agreements do not …

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MBDA Appoints John Pranzatelli VP of Strategy and Operations

MBDA Inc.’s board of directors has confirmed the appointment of John Pranzatelli, as Vice President of Strategy and Business Operations for MBDA Inc., effective immediately.  John will report directly to Jerry Agee, the Chairman of the Board, CEO, and President of MBDA Incorporated.  John will work closely with MBDA Group Officers …

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