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Tag Archives: business news

CACI Raises Guidance amid Fiscal Results

CACI (NYSE: CACI) reported second quarter fiscal year 2011 net income of $33.2 million, or $1.08 diluted earnings per share. According to the firm, “net income increased 27.6 percent over net income of $26.1 million, or $0.85 diluted earnings per share, for the same period of fiscal year 2010. Revenue …

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ATK Rolls Out Financial Stats

ATK (NYSE: ATK) outlined its financial results for the third quarter of FY 2011, ending Jan. 2, 2011. The company reported quarter sales of $1.1 billion – relatively flat with the prior-year quarter – boosted by strong sales in the Armament Systems group and Security and Sporting group – up …

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General Dynamics CEO Jay Johnson to Speak at Cowen & Co. Aerospace/Defense Conference

General Dynamics (NYSE: GD) CEO Jay L. Johnson will address the Cowen and Company 32nd Annual Aerospace/Defense Conference in New York on Feb. 9 at 9:50 a.m. The firm will provide a live webcast of the presentation on www.generaldynamics.com. A replay will be available following the presentation’s conclusion.

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Raytheon Wins P-8A Deal from Boeing

Boeing (NYSE: BA) awarded Raytheon (NYSE: RTN) a deal for development of six long-range, multimission maritime and overland surveillance radars for the P-8A Poseidon aircraft. “Our APY-10 radar will provide Boeing with advanced technology built on generations of successful Raytheon radar systems, ” said Tim Carey, vice president for Intelligence, …

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MAXIMUS CEO Richard Montoni Breaks Down Firm’s Fiscal Figures

MAXIMUS (NYSE: MMS) issued the following financial announcement: “Revenue for the fiscal 2011 first quarter increased 5.3 percent  (3.6 percent on a constant currency basis) to $214.1 million versus $203.3 million reported for the same period last year. Revenue growth was driven by the international employment services businesses in Australia …

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Bill Gates Delivers Message at USGLC Dinner

Bill Gates delivered an address at a dinner held by the U.S. Global Leadership Coalition honoring former Secretary of State Madeleine Albright and former Department of Homeland Security Tom Ridge. The event was co-chaired by Deloitte’s Robin Lineberger. Albright and Ridge co-chair the group’s “Putting Smart Power to Work” campaign. …

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Vangent Wins $95 Million Army Subcontract from Pragmatics; CEO Mac Curtis Comments

Vangent secured a $95 million subcontract from Pragmatics to assist work on the Army’s Classroom XXI Enterprise Classroom Program. The company will oversee the design, installation and integration of a learning technology infrastructure aimed at the “standardization, interoperability, scalability, and sustainability of classrooms in the Army’s Training and Doctrine Command …

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Lockheed Marches to Army Contract Win

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) was awarded an $18, 086, 000 cost-plus-fixed-fee contract.  The award will provide for PATRIOT Advanced Capability-3 software modernization development for the United Arab Emirates.  Work will be performed in Grand Prairie, Texas, with an estimated completion date of Aug. 31, …

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BAE Systems Grabs South Africa MRAP Deal

BAE Systems, Land Systems South Africa won a contract valued at $130 million to handle survivability and mobility upgrades to its RG31 Mine Resistant Ambush Protected vehicles. The company is teaming with General Dynamics (NYSE: GD) Land Systems Canada on the project. According to BAE Systems, “the upgrade kits will …

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Sikorsky Delivers Upgraded Aircraft to Customs & Border Protection

Sikorsky Aerospace Services delivered the second UH-60 aircraft that has undergone “A-A” to “L” recapitalization for use by the U.S. Customs & Border Protection Agency. According to the firm, “distinguished as the fifth helicopter off the original Black Hawk helicopter production line, this fully upgraded UH-60L model will execute national …

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