Tag Archives: featured

Defense Microelectronics Activity Increases Engineering IDIQ to $6B

A Defense Department component responsible for microelectronic technologies in weapons systems has awarded a $1, 344, 000, 000 contract modification for engineering services over the next three years. The Defense Microelectronics Activity increased the total Advanced Technology Support Program III contract’s ceiling value from $4, 703, 000, 000 to $6, 047, 000, 000, the …

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US Inks $500M Apache Helicopter, Radar Sale Agreement with Indonesia

Indonesia will purchase eight Boeing-made (NYSE: BA) Apache helicopters and Longbow radars from the U.S. under a $500 million foreign military sales agreement, the American Forces Press Service reported Sunday. Cheryl Pellerin writes the sale also includes pilot training and help to develop tactical strategies for security missions in Southeast Asia. …

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Lockheed Wins $206M for Army Rocket Defense Radars; Lee Flake Comments

Lockheed Martin (NYSE: LMT) has won $206 million in orders from the U.S. Army to produce 19 radars that aim to give troops 360-degree protection from rockets fired indirectly. The Army has received 32 AN/TPQ-53 counter radars from Lockheed under contracts awarded in July 2008 and April 2010, Lockheed said Monday. …

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Special Ops Command Seeks Ideas for AM/FM Radio Override Tech

U.S. Special Operations Command has asked industry to submit ideas for a radio broadcast system intended search for and acquire every AM and FM station in a specific area, then broadcast a message to that location via the acquired stations. The command intends to identify all domestic and international businesses that could …

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Tony Scott Joins VMware as SVP, CIO; Pat Gelsinger Comments

Tony Scott, formerly corporate vice president and chief information officer at Microsoft (NASDAQ: MSFT), has joined VMware as senior vice president and CIO. The 30-year industry veteran will oversee VMware’s information technology organization, which manages the company’s technology infrastructure for global operations, VMware said Monday. Pat Gelsinger, VMware CEO, said Scott will aim …

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BAE Wins $149M for Army Recovery Vehicles

BAE Systems has won a $149, 882, 446 contract to provide 49 recovery vehicles to the U.S. Army and three sets of spare parts. The firm-fixed price, multi-year contract contains no options and the Army is allocating fiscal year 2013 other funding for this award, the Defense Department said Wednesday. M88A2 …

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Report Assesses DHS FY 2014 Budget Landscape

A new Research and Markets report says the U.S. Department of Homeland Security will not be immune to budget pressures in fiscal year 2014 due to sequestration. The two DHS agencies that have the largest fiscal 2014 budget requests are Customs and Border Protection and the Federal Emergency Management Agency, according to the …

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Harris Board Approves $1B Share Buyback Plan, 42-Cent Dividend

Harris Corp.’s (NYSE: HRS) board of directors has approved a plan to buy back $1 billion in shares in addition to an existing program that has $62 million left in unused authorizations. The board has also declared a quarterly cash dividend of 42 cents per share to shareholders of record as …

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Steve Ballmer to Retire as Microsoft CEO

Steve Ballmer, CEO of Microsoft (NASDAQ: MSFT) for 13 years, will retire from the company within the next year upon the selection of his successor. The board of directors has appointed a special committee to lead the process of finding Ballmer’s successor and lead independent director John Thompson will chair that …

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HP Reorganizes Executive Leadership Team; Meg Whitman Comments

Hewlett-Packard Co. (NYSE: HPQ) has reorganized its executive leadership team as part of efforts to further the company’s turnaround initiative. Bill Veghte, the company’s chief operating officer for the past 15 months, will serve as executive vice president and general manager of the enterprise group and coordinate the company’s cloud …

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