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Tag Archives: business news

Raytheon Claims $173 Million Excalibur Contract

Raytheon (NYSE: RTN) received a $173 million deal from the Army to fund production of Excalibur precision-guided projectile rounds for in-theater use. According to the firm, “Excalibur is a 155 mm precision-guided artillery round with extended range that is currently in use with the U.S. Army and Marine Corps. Using …

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Wyle Wins Work from Defense Advanced Research Projects Agency

According to the Department of Defense, “Wyle Information Systems is being awarded a $14, 022, 433 cost-plus-fixed- fee contract.  This contract is for the relocation of information technology equipment and for the purchase of new IT equipment during the relocation of Defense Advanced Research Projects Agency headquarters from 3701 North …

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Northrop Grumman Secures Pair of DoD Deals

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded a $55, 704, 295 modification to a previously awarded contract (N63394-10-C-5006) for operation and maintenance services for the combined tactical training ranges.  Services will be required at shore sites, land-based test facilities, and aboard ships in ports …

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Boeing Picks Up Defense Deal

According to the Department of Defense, “Boeing (NYSE: BA) is being awarded an $8, 100, 012 firm-fixed-price contract modification for thirty 640 gigabyte removable storage devices for test and development.  At this point, $2, 500, 000 has been obligated.  Work will be performed in Wichita, Kan.  The ASC/WWV, Wright-Patterson Air …

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Lockheed Martin Claims Air Force Work

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $22, 753, 782 cost-plus-fixed-fee contract for the conversion, production, test and delivery of subassemblies to retrofit five low frequency instrument consoles and upgrade number three.  At this time, $22, 753, 782 has been obligated.  Work will …

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CGI’s Stanley Wins Spot on $2.5 Billion Army Project

CGI Federal-subsidiary Stanley Associates claimed a spot on the Army’s Operations, Planning, Training and Resource Support Services II prime contract. The deal includes a with a one-year base term and four, one-year option periods, for a total value of $2.5 billion. “We are proud to be selected to provide the …

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Booz Allen Inks Valuable Cyber Deal

Booz Allen Hamilton (NYSE: BAH) won a deal to support cyber operations for the Space and Naval Warfare Systems Center Pacific. The ID/IQ carries an initial value of $71.5 million over two years and a potential total of $189.4 million over five years. “With thousands of experienced cyber professionals, Booz …

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L-3 CEO Michael Strianese Breaks Down Firms Financial Picture

L-3 Communications (NYSE: LLL) announced its first quarter financials, including diluted earnings per share of $1.85 for the quarter, compared to $1.87 for the first quarter 2010.  Net sales were down about one percent. “L-3’s strong overall program performance provides a good start to the year despite challenging market conditions …

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CACI Secures $2.5 Billion Army Follow-on; Paul Cofoni Comments

CACI (NYSE: CACI) won a spot on the U.S. Army Forces Command – FORSCOM – Operations, Planning, Training and Resource Support Services II contract. According to the firm, the deal is “a follow-on to the original OPTARSS contract, OPTARSS II represents continuing work for CACI and is for one base …

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Hot Streak: SRA Lands Another Major Contract

SRA (NYSE: SRX) secured a spot on the Department of Justice’s ID/IQ Information Technology Support Services 4, or ITSS-4. The deal carries a base year, six option years and a total ceiling value over $1 billion. For more on the deal’s other winners, click here. “This contract vehicle provides the …

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