Tag Archives: featured

Orbital ATK Lands $426M Navy Fuze Testing Contract; Pat Nolan Comments

Orbital ATK (NYSE: OA) has been awarded a $426 million contract to start production and testing work on fuzes and fuze accessories for the U.S. Navy. Orbital ATK will work with its Plymouth, Minnesota-based design team to produce the fuzes at the company’s Allegany ballistics laboratory facility in Rocket Center, West Virginia, Orbital ATK …

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WSJ: IBM Nears Deal to Acquire The Weather Company’s Digital Portfolio

IBM (NYSE: IBM) is close to finalizing an agreement to acquire The Weather Co.‘s digital and data assets from a Bain Capital–Blackstone–NBCUniversal consortium, The Wall Street Journal reported Tuesday. Suzanne Vranica and Robert McMillan write the companies could unveil the transaction as early as Wednesday and WSJ estimates the assets …

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Rob Salvagno: Cisco to Purchase Lancope for Enterprise Network Defense Strategy

Cisco (Nasdaq: CSCO) has agreed to acquire network security company Lancope for about $452.5 million in cash and equity awards in a push to deliver integrated threat defense platforms for enterprise clients. Rob Salvagno, vice president of corporate business development at Cisco, said Tuesday the company seeks to leverage Lancope’s StealthWatch system …

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Northrop Wins Air Force Long Range Strike Bomber Contract

Northrop Grumman (NYSE: NOC) has beaten out a team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) for the highly-anticipated contract to build the U.S. Air Force‘s Long Range Strike Bomber plane, Defense Department officials announced Tuesday. The service branch plans to purchase up to 100 of the bombers at a cost of $511 million per plane …

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October 27 Market Close: GovCon Index Closes Down, Stocks Decline on Goods Data

The GovCon Index failed to recover from morning session losses Tuesday and closed with a nominal decline of 0.052 points to 75.304. Textron (NYSE: TXT) led all Index gainers at 4.15 percent to $40.43 after the conglomerate reported a 9-percent profit increase in its third quarter and earnings that exceeded Wall Street analyst forecasts despite …

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Orbital ATK 3Q Earnings, Revenue Top Wall Street Forecasts; Company Raises 2015 Outlook

Orbital ATK (NYSE: OA) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $1.35 per share, 25 cents above Wall Street analyst forecasts. The Dulles, Va.-based space systems and ammunition maker also posted $1.135 billion in revenue for the quarter on strong …

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Textron 3Q Profit Up 9%, Revenue Down 7%

Textron (NYSE: TXT) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of 63 cents per share to beat Wall Street’s expectations by 2 cents. The Providence, R.I.-based conglomerate and owner of military aircraft makers Bell Helicopter and Beechcraft posted $176 million …

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Intel Seeks to Leverage Cognitive Computing Through Saffron Acquisition

Intel (Nasdaq: INTC) has agreed to purchase cognitive computing software provider Saffron for an undisclosed amount in an effort to gain access to Saffron’s client base in the aerospace, manufacturing and healthcare sectors. Intel said Monday it will leverage Saffron’s cognitive computing platform and deploy it in small consumer devices designed …

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Rob Salvagno: Cisco Seeks Analytics Portfolio Growth Through ParStream Acquisition

Cisco (Nasdaq: CSCO) has agreed to acquire Cologne, Germany-based data analytics technology developer ParStream as the companies aim to help enterprise clients manage data from connected systems. Rob Salvagno, vice president of corporate business development at Cisco, wrote in a blog post published Monday the company expects to complete the …

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Boeing Lands $897M Contract Modification to Produce Navy Growler Jets

Boeing (NYSE: BA) has been awarded a potential three-year, $897.5 million contract modification to build 15 EA-18G Growler electronic warfare aircraft and related electronic aerial attack kits for the U.S. Navy. The company will perform full-rate production in support of lot 38 of the aircraft and associated components in California, …

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