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Tag Archives: business news

Lockheed Martin Joins Defense Contracting Dream Team

General Dynamics awarded Lockheed Martin (NYSE: LMT) a deal in conjunction with the Warfighter Information Network-Tactical (WIN-T) deal to provide communications hardware and equipment for project’s the transmission subsystem. According to Lockheed, “the transmission subsystem provides the foundation for the network’s dynamic capability to transfer data over a highly dispersed, …

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Great News for Harris Corp.

Harris Corporation (NYSE:HRS) reported the following fiscal figures: “GAAP income from continuing operations for the fourth quarter of fiscal 2010 of $151 million, or $1.16 per diluted share, compared with a loss of $84 million, or $.63 per diluted share, in the prior-year quarter. Non-GAAP income from continuing operations in …

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General Dynamics Makes Fiscal Move

General Dynamics released the following statement: “The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of 42 cents per share on the company’s common stock, payable November 12, 2010, to shareholders of record at the close of business on October 8. “The board also …

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SAIC to Buy Reveal Imaging Technologies, Joe Craver Comments

SAIC (NYSE: SAI) will acquire Massachusetts-based Reveal Imaging Technologies, a firm specializing in threat-detection products and services. According to the firm, “Reveal was founded in 2002 in direct response to the U.S. government’s post-9/11 mandate for aviation security screening. Reveal initially focused on developing technology to accurately and efficiently screen …

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Sevatec Picks Up Cyber Steam with Interpics Acquisition

Sevatec, Inc., a technology and consulting firm moved to bolster its cybersecurity capabilities by purchasing Intrepics, LLC. “We are very excited about our first strategic acquisition, and welcoming the great folks of Intrepics to our organization, ” said President and CEO of Sevatec Sonny Kakar. “Intrepics has great cultural alignment …

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SAIC Makes Business Announcement

SAIC (NYSE: SAI) has announced the following: “(The firm) will issue its second quarter fiscal year 2011 earnings press release after close of market Wednesday, Sept. 1, 2010. Management will discuss the financial results in a conference call beginning at 5 p.m. Eastern. Analysts and institutional investors may participate on …

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CSC Picks David Zolet to Lead BD for NPS Unit, James Sheaffer Comments

CSC (NYSE: CSC) announced David W. Zolet has come aboard to serve as president of business development for its North American Public Sector (NPS) business unit. “Reporting to NPS President James W. Sheaffer, ” the firm said in a statement, “Zolet is leading efforts to capture North American federal, state …

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Lockheed Books Navy Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded an $11, 884, 450 cost-plus-incentive-fee, cost-plus-fixed-fee contract to provide Trident II (D5) strategic systems programs shipboard systems integration; strategic weapon system navigation subsystem; systems design and development; and electrostatically supported gyro navigator refresh.  This contract contains options …

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Howard Ady on Stanley’s HHS, ONC Contract Win

Stanley (NYSE: SXE) was awarded a two-year, time-and-materials deal worth $6 million, with exercise of options, by the U.S. Department of Health and Human Services (HHS), Office of the National Coordinator (ONC), to provide operation and infrastructure support for the Nationwide Health Information Network. According to the firm, “the award …

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