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Tag Archives: Financial News

Lockheed’s Savi Names William Clark CEO

Lockheed Martin (NYSE: LMT) subsidiary Savi Technology has named William Clark president and CEO. Clark joined the firm last year as senior vice president and chief marketing officer. “Bill Clark is a leader with the experience and acumen to transform organizations and the conviction to make the hard decisions necessary …

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Board Shakeup at L-3

L-3 Communications (NYSE: LLL) announced today that retired Army Gen. H. Hugh Shelton has been elected to its board of directors following the retirement of retired Army Gen. John M. Shalikashvili. “General Shelton brings to L-3 a broad-based strategic perspective on military and global affairs, a wealth of leadership experience …

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Boeing Secures Army Win

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $10, 061, 586 firm-fixed-price indefinite-delivery/indefinite-quantity contract.  The award will provide for the maintenance and overhaul of the main transmission.  Work will be performed in Mesa, Ariz., with an estimated completion date of April 30, 2016.  Three bids were …

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Raytheon BBN Technologies Books $10 Million in Defense Funding

Raytheon’s (NYSE: RTN) BBN Technologies has been awarded $10 million in defense funding to “develop technical solutions that will help maintain command and control systems’ superiority.” “Government operations rely on large-scale, distributed and complex computer systems to complete their missions successfully, ” said John Zinky, principal investigator, Raytheon BBN Technologies. …

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IBM Makes Financial Moves

IBM’s (NYSE: IBM) board of directors has announced a regular quarterly cash dividend of $0.75 per common share, payable June 10 to stockholders of record May 10. According to the firm, “the board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM …

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L-3 Declares Dividend

L-3 Communications’ (NYSE: LLL) board of directors has declared a quarterly cash dividend of $0.45 per share. According to the firm, it will be “payable on June 15 to shareholders of record at the close of business on May 17.”

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ARINC Sails to Navy Win

According to the Department of Defense, “ARINC is being awarded a $9, 361, 056 cost-plus-fixed-fee contract to procure technical and engineering services in support of the Joint Precision Approach and Landing Systems and Navy Unmanned Combat Aerial Systems programs.  Work will be performed in Lexington Park, Md. (80 percent), and …

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Tuesday DoD Winners Include Raytheon, General Dynamics

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded an $8, 255, 265 firm-fixed-price contract.  The award will provide for the procurement of the Block LA-2 M982 Excalibur Unitary 155mm precision engagement projectile for Canada.  Work will be performed in Tucson, Ariz.; McAlester, Okla.; Farmington, N.M.; Niceville, Fla.; …

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BAE Systems Wins $53 Million Bradley Deal

According to the Department of Defense, “BAE Systems was awarded a $53, 309, 854 firm-fixed-price contract.  The award will provide for the procurement of 3, 034 Bradley Advanced Survivability Kits III to outfit the Bradley Fighting Vehicles to the BUSK III configuration.  Work will be performed in York, Penn., with …

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Vangent Wins Deal to Support MHS Post-Deployment Site; CEO Mac Curtis Comments

Vangent booked a $3.5 million contract from the Military Health System to enhance afterdeployment.org, a government website “that provides behavioral health and wellness resources to the military community.” The firm will work to improve the existing site and add new preclinical programs and new functionality. “Vangent is pleased to be …

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