News

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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Honeywell Increases Dividend

Honeywell (NYSE: HON) released the following financial announcement: “[The firm’s] board of directors has approved a 10 percent increase, or $0.12 per common share, in the company’s regular annual cash dividend rate to $1.33 from $1.21 per common share, effective with the first quarter 2011 dividend payment.  The actual declaration …

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GeoEye Picks Tony Frazier to Lead Marketing

GeoEye (Nasdaq: GEOY) announced today it has appointed Tony Frazier as senior VP of marketing. “As we bring on new staff to accelerate our growth, we are pleased to welcome Tony to GeoEye’s executive team, ” CEO Matt O’Connell said. “Tony is a proven technology executive with a results-driven leadership …

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CGI’s Rob Bowell on Business Development, Building a Strong Team

ExecutiveBiz spoke with CGI business development executive Rob Bowell about the importance of building a strong business development team. A critical step throughout delivery of all those client services is maintaining a strong team, naturally. “I’m focusing my team on being outward-focused on the client and their needs while we …

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Emtec’s Paul Sanford Discusses the Evolving Challenges of the DoD Market

Emtec executive Paul Sanford spoke with ExecutiveBiz about the changing face of defense contracting: “We actually see this as a huge opportunity, ” he said. “Having been in conflict for almost a decade, DoD has seemingly limitless budget, which has allowed them to spend significant amounts of money on IT …

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2 For L-3: Dual Navy Deals to Close Out Week

According to the Department of Defense, “L-3/Interstate Electronics Corp. is being awarded a $28, 173, 183 modification (P00012) to previously awarded cost-plus-incentive-fee, cost-plus-fixed-fee contract (N00030-10-C-0009) for specialized technical engineering services to operate, maintain and repair the TRIDENT II D5, test instrumentation subsystems, spares, and related support equipment in support of …

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