News

Raytheon, L-3 Snap Up Defense Work

According to the Department of Defense, “L-3 Communications (NYSE: LLL) was awarded a $31, 956, 100 firm-fixed-price contract.  This award will provide for 2, 780 remote operational video enhanced receiver 6 antenna kits.  Work will be performed in Salt Lake City, Utah, with an estimated completion date of Jan. 31, …

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L-3 Grabs Aircraft Maintenance Deal from AF

L-3 Communications (NYSE: LLL) is moving forward with a deal from the U.S. Air Force Air Education and Training Command (AETC) to support trainer maintenance and precision measurement and equipment laboratory (PMEL) support. The total value of the contract with options is approximately $53 million over five years. According to …

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Ball Caps Credit Facility

Ball Corporation (NYSE: BLL) released the following financial announcement: “[The firm] has completed the closing of its new senior secured credit facility. The new $1.4 billion senior secured credit facility extends bank maturities through 2015 and provides greater flexibility for share repurchases and other corporate actions. “The new credit facility …

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Lockheed Books Pair of Defense Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $35, 040, 005 cost-plus-incentive-fee delivery order #4030 against a previously issued basic ordering agreement (N00019-09-G-0005) for non-recurring efforts in support of the MH-60R situational awareness technology insertion pre-engineering, manufacturing and development.  Work will be performed in …

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4th Time’s the Charm: ITT Picks Up $1.26 Billion NASA Deal… Again

ITT Corporation (NYSE: ITT)  was awarded the Space Communications Network Services (SCNS) contract by NASA Goddard Space Flight Center worth a maximum $1.26 billion. ITT previously won the contract in 2008, 2009 and earlier this year, but the deal had been protested by incumbent Honeywell (NYSE: HON). The firm will …

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Boeing Strikes Billion-Dollar Satellite Deal with Mexico

Boeing (NYSE: BA) has a deal in place worth an estimated $1 billion with the nation of Mexico to deliver “an end-to-end satellite communications system.” According to the firm, “the system, known as MEXSAT, will consist of three satellites, two ground sites, associated network operations systems and reference user terminals.” …

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BAE Systems Picks Jordan Becker to Lead GEOINT Business; John Gannon Comments

BAE Systems selected Jordan Becker to oversee the firm’s geospatial-intelligence and intelligence, surveillance and reconnaissance (GEOINT-ISR) practice, reporting to Intelligence & Security sector lead John Gannon. The practice handles software systems for geospatial analysis, mission planning, precision targeting and command and control for the defense and Intelligence Community. Becker joined …

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CSC Acquires CenTauri, Boosts C4ISR Offering; Jim Sheaffer Remarks

CSC (NYSE: CSC) has acquired Alexandria, Va.-based CenTauri Solutions, increasing the firm’s C4ISR offering. According to the firm, “the acquisition will enable CSC to deliver IT services and solutions as a prime contractor through the Defense Intelligence Agency’s $6.6 billion Solutions for Information Technology Enterprises indefinite-delivery/indefinite-quantity contract. CenTauri Solutions also …

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CGI Federal to Support ICF on $4 Billion CDC Vehicle; Senior VP Cheryl Campbell Comments

CGI Federal (NYSE: GIB; TSX: GIB.A) has a subcontract in place to support ICF (NASDAQ: ICFI) on a $4 billion ID/IQ deal with the CDC to manage a large technology consolidation project. Working with ICF, CGI will support a number of IT and consulting service tasks. “CDC is at the …

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