Tag Archives: featured

Northrop Wins $170M for Global Hawk Logistics

Northrop Grumman (NYSE: NOC) has won a $169, 851, 218 contract modification to continue performing logistics support activities for the U.S. Air Force‘s fleet of Global Hawk unmanned aerial vehicles. The Air Force is obligating $76, 276, 405 in fiscal year 2013 operations and maintenance funds at the time of award, …

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Richard Sears Named IntelliDyne Technology VP

Richard Sears, who joined IntelliDyne in July 2011, has been promoted to vice president of technology at the Falls Church, Va.-based contractor. The 20-year information technology veteran will be responsible for driving business innovation and providing technology to clients for their business operations, IntelliDyne said Thursday. His background includes roles in …

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Northrop Wins $219M for Air Force Threat Simulation Systems

Northrop Grumman (NYSE: NOC) has won a $219, 147, 421 follow-on contract to continue producing simulation and training systems for the U.S. Air Force. Two offers were submitted for the firm-fixed and cost-type contract, which also includes foreign military sales to Saudi Arabia, the Defense Department said Monday. The company will also make associated …

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LexisNexis Buys Healthcare IT Provider Enclarity; Lee Rivas Comments

LexisNexis Risk Solutions has acquired healthcare information technology provider Enclarity for an undisclosed amount the company looks to grow its identity, fraud and clinical analytics offerings. Enclarity’s health care provider data will be a part of LexisNexis’ existing analytics platforms and workflows, LexisNexis said Wednesday. Lee Rivas, LexisNexis CEO of public sector and …

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LMI, Noblis Win Air Force Civil Engineer Center Support IDIQ

LMI and Noblis have won positions on a potential $40 million for systems engineering and acquisition support to the U.S. Air Force Civil Engineer Center. The indefinite-delivery/indefinite-quantity contract’s ordering period is for five years from the date of award and contains an additional year of performance to complete task orders that could …

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URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, …

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Lockheed Wins $500M FAA Transocean Air Traffic Mgmt Extension; Sandy Samuel Comments

Lockheed Martin (NYSE: LMT) has won a potential eight-year, $500 million contract extension to continue developing an air traffic management platform for the Federal Aviation Administration to manage aircraft safety over the Atlantic and Pacific Oceans. The FAA uses the transoceanic air traffic management software and hardware for its Advanced Technologies and …

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Dell Shareholders OK $25B Buyout Offer From Founder, Silver Lake

Dell (NASDAQ: DELL) shareholders have given preliminary approval to a $24.9 billion buyout offer from founder and CEO Michael Dell and investment firm Silver Lake Partners that would take the computer manufacturer private. The sale is slated to close before the end of the third quarter of Dell’s fiscal year 2014 …

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SAIC Senior Leaders Share Post-Spinoff Goals with Investors

Senior leaders of the future Science Applications International Corp. discussed the company’s plans Wednesday as that business prepares to spin off from SAIC, which is being renamed Leidos. SAIC will be a prime contractor on 91 percent of its 1, 500 contracts and task orders and is valued at $4 billion in annual …

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L-3 Wins $357M to Update Army Reserve, Natl Guard IT System; Les Rose Comments

An L-3 Communications (NYSE: LLL) business unit has won a $357 million task order from the General Services Administration to help update an information technology system used by two U.S. military components. L-3 National Security Solutions will develop and integrate IT resources and software for a virtual platform used by …

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