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Tag Archives: business news

Harris Pens $10 Million Radio Order with Cental Asian Nation

Harris (NYSE: HRS) picked up a $10 million order to provide RF-310M-HH multiband handheld software-defined radios to a central Asian nation in support of interoperable secure communications with coalition partners. “The RF-310M-HH is a significant solution to the challenges of military coalition communications, ” said Andy Start, president, international business …

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Iridium Off to ‘Strong Start’ in 2011, CEO Matt Desch Reports

Iridium (NASDAQ:IRDM) announced that it booked net income of $8.3 million for the first quarter of 2011 and updated its outlook for the full-year 2011. “We’re off to a strong start in 2011, as we continue to benefit from a high-quality and diversifying revenue profile that is moving beyond voice …

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General Dynamics Wins Lucrative Enterprise IT Deal

General Dynamics (NYSE: GD) Information Technology booked a five-year deal worth $83.6 million to provide information technology enterprise network services to the U.S. Special Operations Command. The contract has a ceiling value of $125 million. “General Dynamics’ cadre of IT professionals, experienced with worldwide IT operations, will provide unparalleled support …

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Fulcrum IT Acquires ITG from Dataline

Fulcrum IT has acquired the Information Technology Group from Dataline. Both firms are focused on supporting IT services to the DoD and IC. The move bolsters Fulcrum’s growth in the market and strengthens its cybersecurity, software development  and data management capabilities. “We have been partners working side by side with …

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Lockheed Lands on Army Deal Worth Potential $450 Million

Lockheed Martin (NYSE: LMT) won a deal to provide the Instrumented Ranges / Digital Range Training System to the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation. The ID/IQ award includes an initial $17.6 million delivery order, with a maximum estimated value of $450 million over a five-year …

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Lockheed Books $105 Million Order from General Dynamics

General Dynamics (NYSE: GD) C4 Systems, the prime contractor for the Warfighter Information Network-Tactical, or “WIN-T”, awarded Lockheed Martin (NYSE: LMT) a $105 million order to produce additional communications equipment for WIN-T Increment 2. “This increment of WIN-T allows commanders to stay connected from company through division echelons, which is …

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Northrop Grumman Moves Forward with $372 Million Stealth Bomber Deal

Northrop Grumman (NYSE:NOC) is working on an antenna system that will “enable the B-2 Spirit stealth bomber to send and receive battlefield information securely by satellite up to 100 times faster than it can today.” The deal, awarded by the Air Force is valued at $372 million. “Our work on …

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Quest Software Moves Forward with Stock Repurchase Program

Quest Software’s (NASDAQ: QSFT) board of directors has authorized a stock repurchase program covering up to $200 million of its common stock. According to the firm, “the program replaces the $150 million stock repurchase program that Quest Software’s board of directors authorized in February 2011. Any stock repurchases may be …

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Orbit Sales Up 23 Percent

Orbit International (NASDAQ:ORBT) released financial figures from the first quarter 2011, seeing $6, 812, 000 in net sales, a 23 percent spike. “The 23.1 percent increase in net sales combined with the gross margin improvement and substantial reduction in selling, general and administrative expenses resulted in a nearly $1.2 million …

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Versar Schedules Call

Versar (NYSE Amex:VSR) scheduled a conference call for 2:00 p.m. EDT on May 17, to review the company’s operational performance and financial results for the third quarter of its fiscal year 2011. According to the firm, “Versar will release its third quarter 2011 Form 10-Q on May 16, and financial …

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