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Tag Archives: business news

GeoEye Revenues Rise in New Report

GeoEye (NASDAQ: GEOY) fiscal first quarter revenue of $86.6 million an increase of almost eight percent from the same period in 2010. “During the quarter, GeoEye achieved revenue growth and operating results that were in line with our expectations, ” said CEO Matt O’Connell said. “We have continued our focus …

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DLT Solutions Rolls Out Cloud Knowledge Practice, Names Cloud Officer

DLT Solutions named David Blankenhorn chief cloud technologist, overseeing the newly established DLT Cloud Advisory Group, “a knowledge practice designed to provide government customers with architectural and technical direction in the selection of appropriate cloud products and services.” According to the firm, “the DLT Cloud Advisory Group will provide customers …

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SAIC Claims Defense Contract

According to the Department of Defense, “SAIC (NYSE: SAI) is being awarded an $8, 407, 583 cost-plus-fixed-fee contract for the Vector Sensor Array System development, performance engineering, and research.  SAIC will help continue the development of underwater acoustic sensors.  The contract will be incrementally funded at this time in the …

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Lockheed Martin Wins MDA Work

According to the Department of Defense, “the Missile Defense Agency is announcing the award of a cost-plus-fixed-fee contract to Lockheed Martin (NYSE: LMT) with an award value of $43, 333, 077.  Under this contract (HQ0147-11-C-0008), Lockheed will work with MDA on the concept definition and program planning for the Standard …

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HP Enterprise Reaches $500 Million Deal with Aussie Tax Agency

HP (NYSE:HPQ) Enterprise Services reached an agreement with the Australian Taxation Office, the government’s principal revenue collection agency, worth $500 million, U.S. According to the firm, “Under the five-year agreement, HP will deliver the agency’s Centralized Computing Services, which support the ATO’s new multisource model. HP will deliver Data Center …

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NCI Pens Air National Guard Deal

NCI (NASDAQ:NCIT) secured a $26.5 million task order through GSA Schedule 70 to direct the Consolidated IT/DBA Support for the Air National Guard. The task order has a six-month base term and four one-year option periods. “NCI recognizes the importance of this task order as part of a larger Air …

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VSE Declares Dividend

VSE Corporation’s (Nasdaq GS: VSEC) board of directors declared a quarterly dividend of $0.07 per share that will be paid on August 10, to stockholders of record as of July 27. “The acquisition of Akimeka in August 2010 to boost our Health IT offerings and our improved organic profit margins …

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Harris Secures $19.9 Million Radio Order from Army

Harris (NYSE: HRS) won a $19.9 million order from the U.S. Army to provide Falcon II AN/VRC-104(V)(3) radio systems to provide high-frequency communications in multiple variants of Mine Resistant Ambush Protected vehicles. According to the firm, “the AN/VRC-104 is a fully integrated communications system that includes the Falcon II AN/PRC-150(C) …

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TASC Improves Cash Flow with Refinanced Credit Facility

TASC has amended its current senior secured credit facility worth $675 million, consisting of “a term loan of $575 million and a revolving line of credit of $100 million.” “TASC is pleased to have lowered the interest rate obligations and improved our cash flow, ” CFO Wayne Rehberger said. “With …

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NetApp Schedules Financial Release

NetApp (NASDAQ: NTAP) will announce financial results for the fourth quarter and fiscal year 2011, following the close of the market on May 25. According to the firm, “NetApp executive management will host a conference call with the financial analyst community at 2:00 p.m. PST to provide their perspective on …

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