Search Results for: Northrop

Boeing to Restart $3B Share Buyback, Issues 10% Higher Dividend

Boeing (NYSE: BA) announced Monday it will restart its $3.6 billion share repurchase program, with plans to buy back between $1.5 billion and $2.0 billion in stock during 2013. The company also announced a regular quarterly dividend of 48.5 cents per share, a 10 percent increase. Shareholders of record as …

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Unisys Board OKs $50M Share Buyback

The board of directors at Unisys Corp. (NYSE: UIS) has approved a plan to repurchase up to $50 million of the company’s shares through Dec. 31, 2014. Both common stock and mandatory convertible preferred stock are covered under the plan, the company said. Purchases can include transactions in the open …

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Exelis Eyeing Air Traffic Expansion, Buying Australian Software Firm; Michael Wilson Comments

ITT Exelis (NYSE: XLS) has agreed to acquire Melbourne-based communications software provider C4i Pty Ltd. from the Longreach Group Limited for $16.8 million, Exelis announced Monday. Exelis said it expects to close the transaction during first quarter of 2013, pending both Longreach Group shareholder approval and regulatory approvals, and said the …

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Navy Awarding Up to $65M for Maritime ISR Tech Engineering

The U.S. Navy has awarded five contracts potentially worth around $65 million combined for systems engineering work on technologies for maritime intelligence, surveillance and reconnaissance operations. According to the Defense Department, each of the contracts contain two base years and three one year options, with awardees competing for task orders …

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UPDATE: Army Picks 20 Firms for $10B Tactical Communications IDIQ; Bob Durbin Comments

The U.S. Army has awarded 20 companies the opportunity to compete for task orders on the Global Tactical Advanced Communications Systems contract, according to Defense Systems. The indefinite-delivery, indefinite-quantity contract is meant to supply the Army’s Program Executive Office for Command, Communications and Control – Tactical with state-of-the-art communications devices and systems. “The initial task orders …

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AF NETCENTS I Contract Going Up $1.45B, Ceiling Now $10.4B

The Air Force‘s electronic systems center plans to increase the value of the branch’s original Network-Centric Solutions contract by $1.45 billion, pushing the ceiling value to $10.45 billion, Nextgov reports. According to Bob Brewin’s story, this action also extends the NETCENTS vehicle through September 2013. Awardees include: Booz Allen Hamilton …

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NATO Briefs Industry on Potential $2.58B C4ISR Investments; Koen Gijsbers Comments

More than 600 senior North American and European industry representatives attended a NATO conference in Rome this week to discuss potential opportunities in C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance). According to a NATO release, the alliance could spend up to $2.85 billion on C4ISR projects, conditioned on …

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Army Hands Down $7B for Software, Systems Engineering

The U.S. Army has awarded a potential $7 billion contract to several companies for software and systems engineering services, the Defense Department announced Thursday. Companies will compete for task orders under the cost-plus-fixed-fee contract through Sept. 30, 2017 and the Army will determine work location with each order. Awardees include: …

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GovCon Wire’s September Executive Move Roundup Tallies 21 Across GovCon

The month of September produced a relatively even distribution of executive moves at government contracting firms across company leadership posts and executive positions in financial, contracts and legal operations. In all, GovCon Wire covered 21 executive moves during September. Check out the wide range below. Leadership Parsons promoted Mary Ann Hopkins …

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ASRC Federal Names Lockheed Vet Rachel Jackson Aviation Programs VP; Ken Asbury Comments

ASRC Federal has appointed aerospace and aviation industry consultant Rachel Jackson vice president for strategic and aviation programs, the company announced Tuesday. She will be responsible for developing and implementing strategic growth campaigns and will serve as the company’s primary interface to industry partners. “Rachel has been involved in major modernization …

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