Home / Tag Archives: business news (page 11)

Tag Archives: business news

Vangent Wins Deal to Support MHS Post-Deployment Site; CEO Mac Curtis Comments

Vangent booked a $3.5 million contract from the Military Health System to enhance afterdeployment.org, a government website “that provides behavioral health and wellness resources to the military community.” The firm will work to improve the existing site and add new preclinical programs and new functionality. “Vangent is pleased to be …

Read More »

Oracle’s Sarfa Catz Takes on CFO Role; Larry Ellison Comments

Oracle (NASDAQ: ORCL) announced President Safra Catz will take on the additional role of CFO, on a permanent basis. Catz replaces the resigning Jeffrey Epstein. “Safra already has the long-standing confidence of our employees, our board and our shareholders, ” CEO Larry Ellison said. “There is no more logical choice …

Read More »

General Dynamics Lands on $2.5 Billion Army ID/IQ

General Dynamics (NYSE: GD) Information Technology has been selected by the U.S. Army Forces Command as an awardee for the Operations, Planning, Training and Resource Support Services II contract. The five-year ID/IQ  carries a $2.5 billion for all awardees if all options are exercised. General Dynamics is one of 15 …

Read More »

Lockheed Off to “Solid Financial Start” in 2011

Lockheed Martin (NYSE: LMT) announced fiscal figures for the first quarter 2011, with net sales of $10.6 billion, compared to $10.3 billion in 2010 and earnings from continuing operations of $548 million, or $1.55 per diluted share, compared to $519 million, or $1.38 per diluted share in 2010. “We had …

Read More »

Raytheon Inks $58 Million Missile Deal

Raytheon (NYSE: RTN) secured a $58.3 million contract to cover funding for for Patriot Guidance Enhanced Missile-Tactical, or GEM-T, missiles. According to the firm, “the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued the contract to upgrade 131 Patriot Advanced Capability-2 missiles to the GEM-T configuration. This is …

Read More »

CGI Snags $399 Million Deal in CA

CGI (NYSE: GIB; TSX: GIB.A) has an agreement in place with California’s Franchise Tax Board Enterprise Data to Revenue project. The deal carries a value of $399 million over 5-and-a-half year term a a five-year option for maintenance and operation worth another $139 million. According to the firm, “EDR will …

Read More »

Monday DoD Winners Include Northrop Grumman, L-3

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded $16, 510, 592 for modification P00008 under a previously awarded cost-plus-fixed-fee completion contract (N00030-11-C-0004) for the Gas Generator Initiation System design and development, for common missile compartment.  Work will be performed in Sunnyvale, Calif. (85 percent), and …

Read More »

Financial News from Black Box

Black Box (NASDAQ:BBOX) will release its fourth quarter and FY 2011 financial results on May 12. The Company plans to issue a press release announcing its results after the close of the market. A conference call is scheduled for 5:00 p.m. EDT with CEO Terry Blakemore. According to the firm, …

Read More »

Terremark-Verizon Acquisition Hearing Set; Firms Plan to Fight if Settlement is Not Approved

Terremark, now a subsidiary of Verizon, announced that the Delaware Court of Chancery will hold a hearing on June 21 “to consider the proposed settlement of litigation brought in connection with Verizon’s acquisition of Terremark.” The firms noted that if the settlement is not approved, they will defend against the …

Read More »

KBR Scores High in U.K. Review

KBR (NYSE:KBR) secured the best score by a company in the U.K. Ministry of Defence Supplier Relations Team in the MoD/KBR Performance Report for 2010. According ot the firm, “this is the third time in four years that MoD has awarded the top score to KBR’s International Government & Defence …

Read More »