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Search Results for: WSP

Data Security Firm Buys PPC; Harry Thornsvard Comments

Global Analytical Information Technology Services Inc., an Albuquerque, N.M.-based computer security firm, acquired Project Performance Corp. and closed the transaction Friday. New Mexico Business Weekly reports terms of the deal were undisclosed and GAITS and PPC CEO Harry Thornsvard told the newspaper the combined company will take on the PPC name …

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Report: France, Germany Talking New EADS Structure

Officials from France and Germany met with EADS and Daimler representatives in Paris over the weekend to discuss a new shareholder structure for EADS, according to Reuters. Citing German newspaper Allgemeine Zeitung, Reuters reports the discussions focused on setting a limit on state shareholdings in the aerospace and defense giant …

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Finmeccanica CEO Giuseppe Orsi Wants to Split CEO, Chairman Roles

Finmeccanica SpA CEO and Chairman Giuseppe Orsi says he favors separating his two roles, he told Italian daily Il Messaggero in an interview published Sunday. According to Reuters, Orsi told the newspaper that he had accepted the dual role at the request of the Italian government—the company’s biggest shareholder. “A group …

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Obama: Sequestration ‘Will Not Happen’

With nearly two-and-a-half months to go before the scheduled start date of sequestration cuts, President Barack Obama asserted during the final presidential debate Monday night that the cuts “will not happen.” According to Federal News Radio‘s account of the debate, Obama said the budget his administration is considering focuses on maintaining …

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BAE Radford Ammo Plant to Get $240M Upgrade

A Radford, Va.-based ammunition production plant run by BAE Systems is set to get a $240 million upgrade, the Roanoke Times reports. The British contractor’s U.S. subsidiary took charge of the Radford Army Ammunition Plant from ATK (NYSE: ATK) July 1 and could break ground on a new facility for producing …

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Report: Lockheed, Boeing Competing For $7B South Korea Fighter Jet

Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have submitted their bids for a $7 billion South Korean fighter jet contract, Bloomberg reports. Lockheed’s F-35 and Boeing’s F-15 Silent Eagle are among the competitors, South Korea’s Defense Acquisition Program Administration said, according to Sangwon Yoon and Kyunghee Park. The country …

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CACI, CSC, Deloitte Win Navy Awards for Management Support

The U.S. Navy handed out up to $182.6 million in contract awards last week for professional, administrative and management support services, according to the Washington Post. Contracts for all three services were awarded to: CACI Systems (NYSE: CACI),  $88.2 million Computer Sciences Corp. (NYSE: CSC), $88.2 million Deloitte,  $6.2 million The newspaper …

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Washington Post Claims Va. Gov. McDonnell Going After Lockheed Jobs

Virginia Gov. Bob McDonnell may be trying to entice Lockheed Martin to relocate its headquarters to Virginia from its current location in Bethesda, Md., according to a report from the Washington Post. Anita Kumar wrote Friday that the company was irked after the Montgomery County (Md.) Council discussed a resolution asking Congress to spend less on wars, and Virginia “immediately …

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Raytheon Teams with Israeli Defense Firm on Weapons, Missile Defense Systems

Raytheon (NYSE: RTN) has teamed with Israeli defense firm Rafael Advanced Defense Systems to market or improve several missile and weapon defense systems in the U.S. The systems include: Iron Dome, a rocket, artillery and mortar defense system David’s Sling, a close-range missile defense system Blue Sparrow, a mid-range missile defense target …

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CACI to Help NSWC Streamline Processes; Paul Cofoni Speaks

CACI International (NYSE: CACI) signed $35 million task order from the U.S. Navy’s Warfare Systems Program Office (WSPO) for program management and business financial support services at the Naval Surface Warfare Center (NSWC) in Dahlgren, Va. The firm will look to assist the WSPO streamline its processes. “CACI’s long-term commitment …

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