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Financial Report

ITT Wins $363 Million Army Tactical Radio Contract

ITT Corp. will continue to support the Army’s tactical radio system under a new two-year, $363 million contract from Army Communications-Electronics Life Cycle Management Command at Fort Monmouth, N.J. ITT will provide systems control and enhancements as well as logistics support and training for the Single-Channel Ground and Airborne Radio System (Sincgars), a …

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Harris Corp. to Fill $13.5 Million Air Force Communications Contract

Harris Corp. will fill a $13.5 million Air Force order for radios and a new digital intercom system for its ground vehicles.  Under the contract, Harris will provide its Falcon III AN/VRC-110 multiband, multimode vehicular radios, according to company officials. The contractor also will furnish its new RF-7800I Tactical Intercom System …

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General Dynamics Buys Axsys for $643 Million

A General Dynamics business unit will acquire Axsys Technologies, Inc, a developer of electro-optical and infrared sensors, systems, and surveillance and reconnaissance cameras for $643 million.  The move will enhance the defense contractor’s intelligence, surveillance and reconnaissance capabilities, officials with General Dynamics Advanced Information Systems said today. General Dynamics AIT …

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SRA wins $63 Million Contract to Upgrade DoD Joint Staff IT Functions

SRA International Inc. has won a 31-month task order potentially worth $63 million under the Encore II contract vehicle to provide new communications infrastructure for the Defense Department’s Joint Staff Information Network. SRA will support the Joint Staff goal to fully integrate IT functions delivering project management, development, testing, sustainment, …

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Jacobs to Expand Marine Corps IT Services

Jacobs Engineering Group Inc. has been awarded a three-year contract with a potential value of $9.9 million by Marine Corps Systems Command to provide information technology services to the Marine Corps.  Jacobs will support the Program Manager for the Marine Corps Enterprise Information Technology Services. In addition, Jacobs will develop and manage …

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BAE Systems Completes Deal for Advanced Ceramics Research

BAE Systems, the wholly-owned U.S. subsidiary of the British aerospace and defense giant, revealed Monday that it has completed its acquisition of Arizona-based Advanced Ceramics Research, first announced in March.  ACR is a manufacturer of small unmanned aircraft and advanced ceramic materials. Financial terms of the deal were not disclosed. Advanced Ceramics Research has …

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Argon ST wins $6.2 Million US Navy Contract to Upgrade Surface Ship Torpedo Defense

Argon ST, Inc., a major systems engineering, development and services company providing comprehensive C5ISR (command, control, communications, computers, combat systems, intelligence, surveillance and reconnaissance) systems and services to a wide variety of defense and intelligence customers, announced that it has won a $6.2 million contract for engineering development in support of …

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Another Private Equity Deal for Wyle

Wyle Holdings Inc., which broke into the public sector with their acquisition of RS Information Systems Inc. in 2008,  will be acquired by a private equity groupCourt Square is a 20-year-old private equity group based in New York and has invested over $4.5 billion through more than 150 transactions, returning …

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Intelligent Decisions Inc. achieves City and County of San Francisco Award as part of joint venture

Intelligent Decisions, Inc. (ID) announced that it was one of the awardees chosen for the City and County of San Francisco (CCSF) Technology Store Contract in California through a joint venture called Cornerstone Technology Partners. The corporation consists of Cornerstone Consulting & Technology, Intelligent Decisions and SSP Data. Each company …

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Sen. McCaskill to Take a Closer Look at ANCs

Sen. Claire McCaskill (D-Mo.) has sent letters to 20 Alaska Native Corporations (ANCs) requesting information abouttheir size, government contract revenues, and operations. ANCs are government contractors who are eligible to receive federal contracts non-competititively as part of a program of the Small Business Adminstration (SBA), though they are exempt from SBA …

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