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Tag Archives: featured

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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Jaime Ardila Joins Accenture Board; Pierre Nanterme Comments

Jaime Ardila, a 25-year veteran of General Motors Co. (NYSE: GM), has joined Accenture Plc’s (NYSE: ACN) board of directors and will work with the finance committee. Accenture’s board now consists of 12 directors, 11 external and independent directors and Chairman and CEO Pierre Nanterme who serves as the only …

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Software AG Buys Software Firm JackBe, Unveils New Analytics Platform; Wolfram Jost Comments

Software AG has acquired intelligence software company JackBe Corp. for an undisclosed amount and introduced a new analytics platform intended to work with JackBe’s technologies. Software AG’s new webMethods intelligent business operations platform will use JackBe’s mashup, analytic and visualization offerings, Software AG said Thursday. The new platform works to …

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General Dynamics Wins $562M for Special Ops Ground Vehicle

General Dynamics (NYSE: GD) has won a potential $562, 210, 980 contract to build ground vehicles for U.S. Special Operations Command over the next seven years. Socom received seven proposals for the indefinite-delivery/indefinite-quantity contract and the company will provide the vehicles to the command through delivery orders, the Defense Department …

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Susan Miller Appointed Inmarsat Government CEO

Susan Miller, a two-decade U.S. government and commercial sector veteran, has been appointed president and CEO of Inmarsat Government, the British satellite telecommunications firm’s subsidiary responsible for direct U.S. government business. She will lead the overall business strategy and direction of the subsidiary, which operates under a proxy agreement with the U.S. Defense Department, …

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Samuel Gordy Named Leidos Integrated Systems Group GM; Lou Von Thaer Comments

Samuel Gordy has been appointed general manager of the integrated systems group within Science Applications International Corp.’s (NYSE: SAI) national security sector, which will form part of Leidos. Gordy will lead a 3, 800-employee team that will work to build and integrate intelligence services that aim to help the national security community …

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