News

Wyle Snags $318 Million JSF Deal; SAIC, GD, ITT Join as Subcontractors

Wyle claimed a five-year, $318 million contract to support engineering and integration services to the Joint Strike Fighter Program Office. The firm will oversee a broad range of tasks, including strategic planning for technology programs and activities, concept development and requirements analysis. “There is nothing more rewarding than being competitively …

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GTEC Locks Up Nine-Figure Revolving Credit Facility

GTEC (NASDAQ: GTEC) has released the following financial announcement: “[The firm has] entered into a $100 million revolving credit facility on Dec. 10, 2010 with a syndicate of banks led by SunTrust Bank and Wells Fargo. The facility matures on Dec. 10, 2013 and provides GTEC with the flexibility to …

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HP’s Sean Mullen: ‘Cloud Computing . . . A Secure Investment’

HP business development executive Sean Mullen spoke with ExecutiveBiz about defense budget realities and the market hot spots that are rapidly developing: “So far, Mullen is leaving nothing to chance. Especially at a time of budget uncertainty among DoD customers, coupled with threats beyond. ‘Everything we do, when we deliver …

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Quest Software Public Sector Picks Dmitry Kagansky to Lead Technology Efforts; CEO Paul Garver Remarks

Quest Software Public Sector has hired Dmitry Kagansky to serve as chief technologist. Kagansky will head up the firm’s federal technology practice. “Dmitry has a unique blend of leadership skills, business acumen, and a wealth of knowledge about the federal technology industry, ” CEO Paul Garver said. “His successful track …

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SAIC Reports Army Contract; ITT Scoops Up Pair

According to the Department of Defense, “SAIC (NYSE: SAI) was awarded on Dec. 6, 2010, a $9, 879, 138 cost-plus-fixed-fee contract.  The overall objective of this task are to provide; environmental support; project schedule and cost controls support; action tracking support; quality assurance support; chemical laboratory and environmental monitoring support; …

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$400 Million Army Win for Booz Allen; Honeywell, CACI Book Monday Defense Deals

According to the Department of Defense, “Honeywell (NYSE: HON) is being awarded a $6, 567, 624 modification to a previously awarded firm-fixed-price contract (N00019-09-C-0004) for the procurement of nine T-Hawk unmanned aircraft systems and spares for the United Kingdom under the Foreign Military Sales Program.  Work will be performed in …

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Lockheed Scores Trio of Deals Including $920 Million Trident Missile Deal from Navy

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $920, 783, 000 fixed-price-incentive, cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide Trident II (D5) missile production and deployed system support.  Work will be performed in Sunnyvale, Calif.; Bangor, Wash.; Kings Bays Ga.; and Cocoa Beach, Fla., and work …

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DRC Restructures Business Model

Dynamics Research Corp. (Nasdaq:DRCO) has realigned operational components by customer, geography and business solution. The move is designed to increase business opportunities and better the firm’s customer service. The firm will now feature an Arlington Va.-based federal practice led by Paul Strasser to support a number of government customers inside …

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ICF Snags $14 Million Energy Efficiency Contract

ICF International (NASDAQ:ICFI) picked up a $14.4 million, three-year energy-efficiency deal from an unnamed U.S. utility. The firm will oversee “energy efficiency programs that focus on residential homes, commercial prescriptive measures, and commercial custom measures.”  ICF will be tasked with program operations, including database design and management among other actions. …

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