Tag Archives: Defense Contracting

Harris Sees Revenue Jump; CEO Howard Lance Comments

Harris (NYSE: HRS) announced third quarter fiscal 2011 revenue of $1.41 billion, a six-percent jump over the $1.33 billion in the prior-year quarter. “Harris continued to deliver solid results in the fiscal third quarter, in spite of slowing U.S. Government spending and a difficult comparison to the prior-year third quarter, …

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Honeywell Moves Forward with FAA Deal

Honeywell (NYSE: HON) picked up a $38 million, five-year contract with the Federal Aviation Administration “to maintain security systems at more than 1, 000 locations in the agency’s Air Traffic Organization Air Traffic Systems Branch.” “Maintaining critical security systems is a key component to protecting the safety of the national …

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ATK Picks Up $488 Million in Ammo Orders Via ID/IQ

ATK (NYSE: ATK) has received orders totaling more than $488 million for small caliber ammunition pursuant to an ID/IQ contract with the U.S. Army Contracting Command, Rock Island. According to the firm, “this order includes a mix of 5.56mm, 7.62mm and .50 caliber military ammunition.” “This latest set of orders …

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Rolls-Royce Wins DoD Deal

According to the Department of Defense, “Rolls-Royce is being awarded a $6, 867, 154 modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00019-09-D-0006) for the repair of up to 10 T56-A-427 Series IV engines for the E-2C and C-2 aircraft.  Work will be performed in Oakland, Calif., and is expected to …

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BAE Systems Pins Down Software Contract

BAE Systems has been awarded a $9.4 million contract for Link-16 Software in-service support for the Joint Tactical Radio System. According to the firm, “the work will include technical support, enhancements, maintenance and upgrades to the JTRS Link-16 waveform software. The total program value could reach $24.3 million if all …

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Alion Claims Navy Deal

Alion Science and Technology booked a three-year, $4.6 million task order from the Naval Air Warfare Center Training Systems Division “to design a high-fidelity serious game to train sailors for the Littoral Combat Ship-2 Readiness Control Officer position.” “Alion is continuing its support of the VMPA Readiness Control Trainer program …

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VSE Buys Wheeler Bros. for $180 Million

VSE Corporation (NASDAQ: VSEC) has a deal in place to purchase Wheeler Bros., Inc., a supply chain management company headquartered in Somerset, PA. WBI supplies vehicle parts to the U.S. Postal Service (USPS) and the Department of Defense. The deal is worth $180 million in cash. “Over the past 50 years, WBI …

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Northrop Grumman Enters $1 Billion Deal with Goldman Sachs

Northrop Grumman (NYSE: NOC) announced that it has entered into a $1 billion accelerated share repurchase agreement with Goldman, Sachs & Co. “This transaction will immediately reduce outstanding shares by approximately five percent and demonstrates our continued commitment to value creation through effective cash deployment, ” CEO Wes Bush said. …

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Wyle Pens $14 Million DARPA Deal

Wyle secured a contract from the U.S. Defense Advanced Research Projects Agency worth $14 million to acquire commercial information technology services for support of DARPA’s Support Services Office Information Technology Services relocation effort. According to the firm, “Wyle will provide services that establish an information technology infrastructure to include infrastructure designs/modifications, equipment …

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