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Tag Archives: Defense

KBR Will Pocket up to $245M to Provide Army Support in Balkans, Europe

KBR (NYSE: KBR) will receive up to $245 million over five years to provide base operations and support services in up to 51 countires for the U.S. Army. The company will initially provide services in Kosovo and Romania, including facility maintenance and utility, troop, operational and construction services. KBR currently provides services in …

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Kratos Purchases Defense, Intelligence Cybersecurity Provider

Kratos Defense & Security Solutions (NASDAQ: KTOS) has purchased SecureInfo Corp., a cybersecurity provider for defense and intelligence customers,  for $17.5 million cash, the company announced today. SecureInfo is noted for developing “SecureInfo RMS, ” a proprietary commercial off the shelf software product that simplifies security authorization. Kratos said it expects SecureInfo to …

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David Melcher Comments on Completed ITT Spinoffs

  ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. …

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Serco Names Christi Alexander VP of Defense, Intel Business Development

Serco has appointed Christi Alexander as vice president of business development for its defense and intelligence group. Alexander will support the company’s long-term growth goals and will also oversee the company’s business development efforts within the Defense Department and the intelligence community. Most recently, Alexander served as a business development …

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IBM Completes Purchase of Big Data, Intelligence Analytics Firm

IBM (NYSE: IBM) has completed its acquisition of i2 Group, an intelligence analytics firm. The move will expand IBM’s big data analytics software and help governments and law enforcement access and analyze information to combat crime, fraud and other security threats, IBM said in a release. The company said its software will …

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CSC Names Alan Weakley President of Public Sector Defense; Jim Sheaffer Comments

Computer Sciences Corp. (NYSE: CSC) has appointed Alan Weakley president of its North American public sector defense group, where he will lead strategic direction, planning and execution of the group’s worldwide growth. Weakley previously lead CSC’s former intelligence and applied technology unit, which combined with the company’s former defense unit …

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CACI Completes Acquisition of Enterprise IT Firm Paradigm Solutions; Paul Cofoni Comments

  CACI (NYSE: CACI) has completed its acquisition of Paradigm Holdings, parent of defense and intelligence cybersecurity and enterprise IT firm Paradigm Solutions. CACI expects the $61.5 million deal to increase its earnings per share in the next year. The company expects Paradigm to generate $55 million in 2011 calendar revenues. Paradigm’s …

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IBM to Acquire Intelligence Analytics Firm to Enhance Defense, Public Safety Offerings

IBM (NYSE: IBM) has entered a definitive agreement to acquire intelligence analytics firm i2 Group. i2 provides intelligence and investigation management software for law enforcement, defense, national security and private sector organisations and has more than 4, 500 customers in 150 countries. IBM said the move will expand its business analytics capabilities …

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General Dynamics Picks Up $177 Million Army SSA Contract

General Dynamics (NYSE: GD) Information Technology won a deal from the U.S. Army to oversee “supply support activity” in Kuwait. The work carries a maximum value of $177 million over five years. “Given the extremely fluid and dynamic operational environment in the region, execution of this contract will require close …

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Lockheed Martin, Raytheon, General Dynamics Scoop Up Thurs. DoD Contracts

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $76, 041, 000 fixed-price-incentive-firm modification to a previously awarded advance acquisition contract activity (N00019-10-C-0002).  This modification provides additional funding for long lead efforts and materials associated with the production and delivery of 42 low rate initial …

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