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Search Results for: UTC

SAIC to Buy Health IT Consultant for $473M; Joe Craver, Steve Comber Comment

SAIC Inc. (NYSE: SAI) has agreed to acquire Westfield, Ind.-based healthcare information technology firm maxIT Healthcare Holdings for $473 million cash. SAIC said Tuesday it expects the transaction to close in August and will pay up to $20 million to maxIT Healthcare shareholders after the receipt of certain tax credits. …

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L-3 Completes $210M KEO Acquisition

L-3 Communications (NYSE: LLL) completed its $210 million purchase of Danaher Corp.’s former electronic and optical systems equipment unit, according to an L-3 announcement. L-3 announced in December it would acquire the Kollmorgen Electro-Optical unit and integrate KEO into L-3’s integrated sensor systems organization. L-3 said the unit will conduct business as …

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Harris Names William Brown President and CEO, effective Nov. 1

Harris Corp.’s (NYSE: HRS) board of directors has appointed William M. Brown president and chief executive officer, effective Nov. 1, 2011. Brown will succeed Howard L. Lance, who has served as CEO since January 2003 and in May announced he would retire when a successor had been chosen. Lance, 55, will continue to …

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Harris Wins Initial VA T4 Order for Systems Upgrades; Jim Traficant Comments

  Harris Corp. (NYSE: HRS) has received an initial order from U.S. Veterans Affairs Department under the T4 contracting vehicle to enhance six core administrative and financial legacy systems within the veterans health administration. Harris was awarded a six-month $9.6 million program with up to five six-month, separately priced options, the company said. …

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Oshkosh Names Hamilton, Palmer to Board of Directors

Oshkosh Corporation (NYSE: OSK) has appointed Peter Hamilton and Duncan Palmer to its board of directors as independent directors on the audit committee. Hamilton is SVP and CFO of Brunswick Corporation, a designer and manufacturer of recreational products. He previously was CFO at Cummins, Inc. and held senior positions in the federal …

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DynCorp Wins $93M Navy Contract for Aircraft Maintenance and Logistics Support

The U.S. Navy has awarded DynCorp International, Fort Worth, Texas, a $92, 866, 122 cost-plus-fixed-fee contract to provide organizational-level maintenance and logistics support on all aircraft and support equipment for which the Naval Test Wing Atlantic has maintenance responsibility. Test Wing Atlantic has responsibility for all rotary, fixed, lighter-than-air and …

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Autonomy Corp. to Buy Iron Mountain’s Online Recovery & Digital Archiving Solutions for $380M

Records-management firm Iron Mountain Incorporated (NYSE: IRM) announced it has entered into a definitive agreement with Autonomy Corporation plc (LSE: AU) for the firm to acquire Iron Mountain’s online backup and recovery, digital archiving and eDiscovery solutions for $380 million in cash. “This transaction is another significant step in delivering …

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Sikorsky Selling ‘Most Technologically Advanced’ Black Hawk Helicopter to Sweden

Sikorsky Aircraft Corp., a United Technologies company (NYSE: UTX), announced the U.S. government has given the OK to sell 15 of the company’s Black Hawk helicopters to the Swedish armed forces. The transaction, which will take place under the U.S. government’s foreign military sales program, would introduce the latest and …

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NetApp Honored by Gartner

NetApp (NASDAQ: NTAP) was named by Gartner to the “Leaders quadrant” for midrange and high-end NAS solutions. According to Gartner, “vendors in the Leaders quadrant have the highest scores for their ability to execute and completeness of vision.” “We believe our position in the Gartner Leaders quadrant is strong recognition …

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