News

Raytheon’s Applied Signal Tender Offer Underway

Raytheon released the following financial announcement: “Raytheon Company (NYSE: RTN) is commencing today, through its wholly-owned subsidiary RN Acquisition Company, a cash tender offer to purchase all of the outstanding shares of common stock of Applied Signal Technology, Inc. (Nasdaq: APSG). “Raytheon announced on Monday, Dec. 20, 2010 that it …

Read More »

Lockheed CEO Stevens on New $3.6 Billion Ship Deal

Lockheed Martin (NYSE: LMT) picked up a fixed-price-incentive-fee contract from the Navy worth a potential $3.6 billion to construct up to 10 Littoral Combat Ships (LCS). The contract includes options that carry through 2015. “The Lockheed Martin team’s Littoral Combat Ship is designed to confront rapidly changing global threats while …

Read More »

CACI’s Paul Cofoni: One to Watch in ’11

ExecutiveBiz singled out CACI (NYSE: CACI) CEO Paul Cofoni as a “Person to Watch in 2011.” Here’s why: “Paul Cofoni has more than a few reasons to celebrate lately; his company picked up several major defense wins. “This month alone, CACI won a prime position on the U.S. Special Operations …

Read More »

BAE Systems Strikes Deal to Pick Up Danish Cyber Intel Firm

U.K.-based BAE Systems has a deal in place to purchase Danish cyber intelligence company ETI A/S for the equivalent of more than $200 million. ETI maintains operations around the world, including the United States. According to the firm, “the acquisition of ETI supports BAE Systems’ strategy to grow its security …

Read More »

Wednesday Winners: General Dynamics, BAE Systems, ENSCO

According to the Department of Defense, “General Dynamics (NYSE: GD) was awarded a $38, 985, 511 firm-fixed-price contract, with cost reimbursement options.  The award will provide for the operation and relocation of the U.S. Army Reserve Command Enterprise Data Center to a government owned facility at Fort Bragg, N.C.  Work …

Read More »

Lockheed Martin Pens 3 Defense Deals; 2 for Raytheon

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) a $209, 146, 481 firm-fixed-fee, cost-plus-fixed-fee contract.  The award will provide 58 tactical Patriot missiles; five launcher mod kits; ground support equipment; and contractor field support.  Work will be completed in Grand Prairie, Texas; Camden, Ark.; Lufkin, Texas; Chelmsford, Mass.; …

Read More »

Boeing Lassos Trio of DoD Deals

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $241, 957, 000 firm-fixed-price contract.  The award will provide for 11 CH-47F Chinook remanufactured aircraft.  Work will be performed in Ridley Park, Penn., with an estimated completion date of Sept. 30, 2013.  One bid was solicited with one …

Read More »

DynCorp Employee Honored for Heroic Efforts in Afghanistan

DynCorp International police trainer James Boyd will be recognized in the “100 Faces of War Experience” portrait in honor of his actions during an insurgent attack on his outpost in Afghanistan earlier this year. While embedded with the U.S. military, Boyd’s outpost came under fire from a group of insurgents. …

Read More »

Raytheon Detects Radar Deal from Navy

Raytheon (NYSE: RTN) won a $52 million contract from Naval Air Systems Command  to provide APG-79 Active Electronically Scanned Array (AESA) radars for F/A-18 Super Hornet tactical aircraft. According to the firm, “these AESA radars provide the U.S. Navy with the most advanced technology available, including enhanced capabilities that allow …

Read More »