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Tag Archives: Financial News

Oracle’s Sarfa Catz Takes on CFO Role; Larry Ellison Comments

Oracle (NASDAQ: ORCL) announced President Safra Catz will take on the additional role of CFO, on a permanent basis. Catz replaces the resigning Jeffrey Epstein. “Safra already has the long-standing confidence of our employees, our board and our shareholders, ” CEO Larry Ellison said. “There is no more logical choice …

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General Dynamics Lands on $2.5 Billion Army ID/IQ

General Dynamics (NYSE: GD) Information Technology has been selected by the U.S. Army Forces Command as an awardee for the Operations, Planning, Training and Resource Support Services II contract. The five-year ID/IQ  carries a $2.5 billion for all awardees if all options are exercised. General Dynamics is one of 15 …

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Lockheed Off to “Solid Financial Start” in 2011

Lockheed Martin (NYSE: LMT) announced fiscal figures for the first quarter 2011, with net sales of $10.6 billion, compared to $10.3 billion in 2010 and earnings from continuing operations of $548 million, or $1.55 per diluted share, compared to $519 million, or $1.38 per diluted share in 2010. “We had …

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Harris Picks Up MRAP Radio Order from Army

Harris (NYSE: HRS) won a $20.4 million order from the U.S. Army for Falcon II AN/VRC-104(V)(3) high-frequency vehicular radio systems for use in multiple variants of Mine Resistant Ambush Protected vehicles. According to the Department of Defense, “the AN/VRC-104 is a fully integrated, vehicular communications system that includes the Falcon …

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Raytheon Inks $58 Million Missile Deal

Raytheon (NYSE: RTN) secured a $58.3 million contract to cover funding for for Patriot Guidance Enhanced Missile-Tactical, or GEM-T, missiles. According to the firm, “the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued the contract to upgrade 131 Patriot Advanced Capability-2 missiles to the GEM-T configuration. This is …

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CGI Snags $399 Million Deal in CA

CGI (NYSE: GIB; TSX: GIB.A) has an agreement in place with California’s Franchise Tax Board Enterprise Data to Revenue project. The deal carries a value of $399 million over 5-and-a-half year term a a five-year option for maintenance and operation worth another $139 million. According to the firm, “EDR will …

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Monday DoD Winners Include Northrop Grumman, L-3

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded $16, 510, 592 for modification P00008 under a previously awarded cost-plus-fixed-fee completion contract (N00030-11-C-0004) for the Gas Generator Initiation System design and development, for common missile compartment.  Work will be performed in Sunnyvale, Calif. (85 percent), and …

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Dual Army Deals Come Down for SAIC

According to the Department of Defense, SAIC (NYSE: SAI) was awarded a $31, 868, 429 firm-fixed-price, level-of-effort contract.  The award will provide for the modification of an existing contract, to sustainment services for Mine Resistant Ambush Protected vehicles, to add 426, 490 hours to the order in the amount of …

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Boeing Wins Defense Logistics Work

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a firm-fixed-price contract with a maximum $28, 254, 131 for F-15 verticals.  There are no other locations of performance.  Using service is Air Force.  The date of performance completion is December 2012.  The Defense Logistics Agency Aviation, Philadelphia, Pa., …

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Financial News from Black Box

Black Box (NASDAQ:BBOX) will release its fourth quarter and FY 2011 financial results on May 12. The Company plans to issue a press release announcing its results after the close of the market. A conference call is scheduled for 5:00 p.m. EDT with CEO Terry Blakemore. According to the firm, …

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