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Northrop Grumman Devises New Student Evaluation Technology; Catherine Kuenzel Comments

Northrop Grumman (NYSE:NOC) will partner alongside Educational Testing Service (ETS) to include ETS Formative Assessment Item Banks in Northrop Grumman’s Horizon Assessment System. The product is designed to lend teachers an improved technology solution for student evaluation. “The demonstrated expertise of Educational Testing Service will strengthen the Horizon educational assessment …

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Abraxas Sold to Cubic for $124 Million; Hollis Helms Rides Off into Sunset

Cubic Corporation has a deal in place to acquire Abraxas at a price of $124 million. Virginia-based Abraxas specializes in “risk mitigation and subject matter and operational expertise for national security, law enforcement and homeland security clients.” Abraxas will lend almost 300 operational and technical professionals to Cubic’s Mission Support …

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Raytheon, Lockheed Martin Ink Navy Contracts

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $52, 250, 000 modification to a previously awarded firm-fixed-price contract (N00019-09-C-0003) for the procurement of 19 AN/APG-79 active electronically scanned array (AESA) radars to be retrofitted into F/A-18E/F aircraft Lots 26-29.  The AN/APG-79 AESA radar, which will …

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Raytheon Nabs Coveted $240 Million Aegis Missile Deal

Raytheon (NYSE: RTN) inked a $240 million with the Navy to produce critical components of the Aegis weapons system for the Arleigh Burke class of destroyers. According to the firm, “Raytheon Integrated Defense Systems (IDS) will provide production, engineering and support services for four ship sets of the AN/SPY-1D(V) transmitter …

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Mike Fraser on USIS’ Deal to Secure Sensitive Overseas Construction Sites

USIS has picked up a deal from the State Department to securing the construction sites of highly sensitive buildings overseas. Terms of the contract were not disclosed by the firm. “Twenty-five years ago, the world became more aware of the need for this type of surveillance when the KGB penetrated …

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Booz Allen Sees Positives on First Day of NYSE Trading

Booz Allen Hamilton (NYSE: BAH) is enjoying a successful first day of trading on the New York Stock Exchange after announcing its initial public offering of 14, 000, 000 shares of Class A common stock at $17 per share yesterday. In the early hours of trading, the stock gained ground, …

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ManTech Names Judith Bjornaas Deputy CFO Reporting to Kevin Phillips

ManTech (NASDAQ:MANT) named Judith L. Bjornaas senior vice president of financial planning and analysis and deputy, reporting to CFO Kevin M. Phillips. According to the firm, “Bjornaas will be responsible for budgeting and forecasting financial performance and overseeing the company’s treasury requirements.” Bjornaas previously served as chief financial officer and …

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SAIC Books Deal with EPA; Doug Wagoner Comments

SAIC (NYSE: SAI) won a task order to support hosting services for the EPA’s National Computer Center. The deal has a one-year base term and five one-year options, and could reach a total value of $42 million. The firm will focus on server, storage, high-performance computing operations, facility management and …

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BAE Systems’ ‘TNT Replacement’ Explosive Named an ‘Invention of the Year’ by TIME; Dave Herr Comments

The IMX-101, the BAE Systems-developed explosive that functions as an “effective replacement to TNT in artillery, ” has been honored by TIME Magazine as one of “The 50 Best Inventions of 2010.” “One of BAE Systems’ core values promotes innovation, and the IMX-101 technology is innovation at its best, ”  …

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