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Tag Archives: business news

Northrop Grumman Claims $26 Million B-1 Bomber Deal

Northrop Grumman (NYSE:NOC) secured a delivery order from the Air Force for the B-1 Bomber aircraft mission planning capability on the Joint Mission Planning System platform. The order carries a potential value of $26 million, if all options are exercised. According to the firm, “the JMPS is a family of …

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Larry Ellison: Oracle Technology Powering Cloud

Oracle (NASDAQ: ORCL) rolled out its numbers for the third quarter of fiscal 2011, reporting a 37 percent jump in GAAP revenues to $8.8 billion. “Q3 performance was broad based with all geographies reporting revenue growth of 30 percent or higher, ” President Mark Hurd said. “The sequential revenue growth …

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General Dynamics Books Trio of MRAP Mods Worth $41 Million

General Dynamics (NYSE: GD) Land Systems–Canada secured three contract modifications worth $41.4 million from the U.S. Marine Corps Systems Command for upgrade kits for RG-31 Mk5E vehicles. The vehicles were delivered under the Mine Resistant Ambush Protected vehicle program. According to the firm, “the kits will enhance the survivability and …

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Paradigm in ‘Very Positive Position’ After Financial Report; CEO LaMontagne, CFO Sawchak Comment

Paradigm (OTCBB: PDHO) provided an update for the fourth quarter and fiscal year ended Dec. 31, 2010, noting fourth quarter revenue growth of $11.8 million and $35 million for the full year of 2010. “Our fourth quarter 2010 performance enables us to enter 2011 in a very positive position, ” …

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BAE Systems Secures Dual Navy Deals

According to the Department of Defense, “BAE Systems Tactical Vehicle, LP, Sealy, Texas, is being awarded $11, 322, 321 for delivery order #0010 under previously awarded firm-fixed-priced contract (M67854-07-D-5030) for the procurement of the following engineering change proposals:  rear door handle kits; overhead gunner protection kit (OGPK) spotlight kits; OGPK …

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CSC Picks Up Deal to Support Navy’s ONE-NET Project

According to the Department of Defense, “CSC (NYSE: CSC) is being awarded an $11, 199, 981 firm-fixed-price cost reimbursable, other direct costs contract for support services for the operation, maintenance, support, and management of Outside-the-continental-U.S. Navy Enterprise Network (ONE-NET), Far East Region.  This contract contains a six-month base period and …

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Wyle Schedules Financial Call

Wyle will hold its quarterly analyst conference call on Tuesday, Mar. 29 at 4:30 p.m. EDT to breakdown the firm’s fourth quarter 2010 financial picture. According to the firm, “beneficial owners of and prospective investors in the securities, as well as securities analysts wishing to participate in the conference call …

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SAIC Charts Fiscal Growth; CEO Walt Havenstein Comments

SAIC (NYSE: SAI) released financial figures for the fourth quarter and fiscal year 2011, ending Jan. 31. The firm’s revenue for the year was listed at $11.1 billion, a 2 percent raise from the previous year, and at $2.77 billion for the quarter, a 2 percent uptick. “While market conditions …

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Raytheon Votes to Raise Dividend Payout

The board of directors at Raytheon (NYSE: RTN) approved an increase to boost the firm’s first annual dividend payout rate by 15 percent from $1.50 to $1.72 per share. According to the firm, “the board also authorized payment of a quarterly cash dividend of $0.43 per outstanding share of common …

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Another Day, Another Deal for ATK

ATK (NYSE: ATK) booked a $50 million follow-on contract modification to cover the Mortar Guidance Kit for the Army. According to the firm, “the contract is in response to an Army urgent Operational Needs Statement and will mean more precision mortars going to U.S. forces in Afghanistan.  ATK was previously …

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