Search Results for: L3

CACI Releases Quarterly Financial Results; CEO Paul Cofoni Comments

CACI International (NYSE: CACI) released its fourth quarter fiscal year 2011 financial results on Aug. 18. CACI reported its diluted earnings per share rose 49.3 percent year-over-year to $1.44 from $0.96. Fourth quarter net income was $45.9 million, a 53.5 percent increase over $29.9 million in the 2010 period. The company’s revenue …

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L-3 to Spin Off Some Government Services Into New Company; Strianese Comments

L-3 Communications (NYSE: LLL) will spin off a new, publicly-traded government services company to its shareholders called Engility. Engility will provide systems engineering, technical assistance, training and operational support services and employ approximately 10, 000 workers. Tony Smeraglinolo, current executive vice president of L-3’s services group, will be its chief …

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L-3 to Produce Aircrew Training System for Pakistan

L-3 Communications‘ (NYSE: LLL) link simulation and training division, Arlington, Texas, has won a $20, 563, 657 firm-fixed-price contract to provide an aircrew training system to Pakistan. The system will support Pakistani air force pilot training and includes: 2 F-16 Block 52 aircrew training devices mission support systems with 18 panel simusphere …

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L-3 to Support Aircraft Deployment to Afghanistan

The U.S. Air Force has awarded L-3 Communications Integrated Systems (NYSE: LLL), Greenville, Texas, a $16, 897, 859 firm-fixed-price contract to incorporate labor and support the deployment of C-27J aircraft to Afghanistan by issuing a delivery order against the subject contract. Wright-Patterson Air Force Base, Ohio, is the contracting activity.

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CACI Completes Acquisition of Pangia Technologies; Cofoni Comments

CACI International Inc (NYSE: CACI) has completed its acquisition of Pangia Technologies, LLC. The move is expected to increase CACI’s earnings per share over the upcoming 12 months. CACI will use the acquisition to increase its cybersecurity offerings and intelligence community presence. Maryland-based Pangia specializes in computer network operations, mission systems, software and systems engineering and IT infrastructure support. Among …

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L-3 Wins Navy Contract to Upgrade Mobile Radars and Antennas

The U.S. Navy has awarded L-3 Communication‘s interstate electronics divison (NYSE: LLL), Anaheim, Calif., a $12, 474, 694 cost-plus-fixed-fee completion contract. L-3 will design, develop, document, manufacture, test, deliver and install the upgrade to the strategic systems program Navy mobile instrumentation radar, M465 antenna replacement and M250 interface cable shipping containers. Work is expected …

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SAIC Completes Sale of its Global Oil and Gas IT Services Business to Wipro Ltd.

Science Applications International Corporation (NYSE: SAI) has completed the sale of its domestic and some foreign oil and gas IT services operations to Wipro Ltd (NYSE: WIT). Approximately 1, 450 employees will join Wipro from SAIC’s health, energy, and civil solutions group led by Joe Craver. The operations include SAIC’s U.S.-based oil and gas IT services …

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Thursday Defense Winners Include Booz Allen, L-3

According to Department of Defense, “Booz Allen Hamilton (NYSE: BAH) was awarded a $6, 862, 692 firm-fixed-price contract.  The award will provide for the support of casualty support and survivor outreach services to include long-term family management; mobile training terms and training development support; transitional base realignment and closure support; …

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L-3, BAE, Honeywell Ink DoD Deals

According to the Department of Defense: “Honeywell (NYSE: HON) was awarded on May 7 a $93, 391, 753 firm-fixed-price contract.  This modification is for a funding action to provide parts and support for the overhaul of 1, 000 automotive gas turbines; 1, 500 engines; or equivalents for Program Year 5 …

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L-3 Claims Deal from Navy, NGC Turns Two

According to the Department of Defense, “Northrop Grumman (NYSE:NOC) is being awarded an $184, 000, 507 modification to previously awarded contract (N00024-06-C-2222) for the procurement of materials in support of LPD 26, the 10th ship in the LPD 17 amphibious transport dock ship class. Work will be performed in Pascagoula, Miss., …

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