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Tag Archives: business news

BAE Systems Finalizes Deal to Acquire Atlantic Marine

BAE Systems finalized the acquisition of Atlantic Marine following approval from the government. In May, BAE announced an agreement to purchase Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company for $352 million. According to the firm, “the acquired Atlantic Marine operations …

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CSC Claimes $224M Army Engineering Support Deal

CSC (NYSE: CSC) won a task order from the U.S. Army to provide technical and engineering support for its Aviation and Missile Research Development and Engineering Center (AMRDEC). The five-year task order carries an estimated total value of $224 million. CSC is scheduled to support technical and engineering services in …

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L-3 Launches $1 Billion Share Repurchase Plan

L-3 Communications Holdings’ (NYSE: LLL) board of directors gave the green light to a new share repurchase program allowing the company to repurchase up to an additional $1 billion of the company’s common stock through December 31, 2012. According to the firm, “this new share repurchase authorization is effective immediately …

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SAIC Books Space and Naval Warfare Systems Center Support Deal

SAIC (NYSE: SAI) inked a prime contract from the Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic, Business Systems / Enterprise Information Systems Division in support U.S. Marine Corps mass notification systems. According to the firm, “The multiple-award, indefinite-delivery/indefinite quantity contract has a one-year base period of performance, four one-year …

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Lockheed’s Bob Stevens Comments on Decade-Long Deal Worth Potential $5 Billion

Lockheed Martin (NYSE: LMT) won an indefinite delivery / indefinite quantity contract from the U.S. Special Operations Command to support complete logistics to soldiers around the world. According to the firm, “the Logistics Support Contract for U.S. Special Operations provides a wide range of mission-critical services, from aircraft and vehicle …

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Austin Yerks, CSC Pick Ken Deutsch as Executive Liaison to Cyber

CSC (NYSE: CSC) hired Kenneth “Ken” W. Deutsch to the position of account executive, Department of Defense (DoD) Cyber, North American Public Sector (NPS) Defense Group. Deutsch will report to Austin Yerks, president of the Defense Group for NPS, serving as CSC’s executive liaison to all DoD Cyber Commands. “Ken’s …

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Wes Bush, Northrop Grumman Will Settle In Falls Church, Va. After Move East

Northrop Grumman (NYSE:NOC) has picked the facility it will call home after next year’s much-publicized move from California to Virginia. NGC’s corporate headquarters will be located at 2980 Fairview Park Drive, Falls Church, Va. The firm detailed some specifics about potential employment: “Northrop Grumman expects to initiate operations in the …

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L-3, BAE Pick Up Navy Deals

According to the Department of Defense “L-3 Communications (NYSE: LLL) is being awarded a maximum value $52, 781, 000 indefinite-delivery/indefinite-quantity contract for equipment systems, equipment upgrades and repairs, and program management for the Tactical Remote Sensor System (TRSS) System of Systems (SoS).  The TRSS SoS provides the capability for all-weather …

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CSC to Continue Providing IT Support to MBDA

CSC (NYSE: CSC) and MBDA, the missile systems firm, will continue an information technology (IT) outsourcing contract with CSC, to extend until 2014 if all options are exercised. “We are delighted to sign a new contract extension with CSC, ” said Jean-Claude Carepel, group IM director at MBDA. “This extension …

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ManTech Awarded Navy Ship Noise Deal

ManTech International (NASDAQ:MANT) announced that it was awarded a contract by the U.S. Navy, Naval Undersea Warfare Center (NUWC), Keyport Division. According to ManTech, the firm “will provide engineering, programmatic and technical support services for the Surface Ship Radiated Noise Measurement (SSRNM), Fleet Sonar Self Noise (FSSN) and other Navy …

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