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Tag Archives: Financial News

ManTech Picks Up $100 Million Cybersecurity Deal, Bill Varner Comments

ManTech (NASDAQ:MANT) was a awarded a deal from Federal Bureau of Investigation (FBI), Security Division, to support cybersecurity services for the FBI. The contract has a five-year period of performance with total value of $99.5 million. According to the firm, “ManTech will provide 24/7 cybersecurity support, including intrusion-detection monitoring, security …

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FLIR Systems to Purchase ICx

ICx Technologies (Nasdaq GM:ICXT) is set to be acquired by FLIR Systems (Nasdaq:FLIR) via a cash tender offer, followed by a merger with a subsidiary of FLIR, for a price of $7.55 per share in cash. According to the firm, “ICx’s Board of Directors has unanimously approved the merger agreement …

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Raytheon Re-Ups CMMI Level 5 Rating

Raytheon Company (NYSE: RTN) Network Centric Systems (NCS) Engineering has been recertified at Capability Maturity Model Integration Level 5. “Sustaining a CMMI Level 5 rating is not easy – especially across multiple disciplines and geographic sites, ” said Ralph Williams, lead appraiser, Cooliemon Inc. “This achievement speaks volumes about the …

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CSC’s Robert Wah Named to AMA Board of Trustees, Mike Gaffney Comments

CSC (NYSE: CSC) announced Dr. Robert Wah, chief medical officer and vice president of CSC’s North American Public Sector line of business, was named as chair-elect of the American Medical Association (AMA) Board of Trustees for the 2010-2011 year. According to the firm, “he will become chair of the board …

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General Dynamics, SAIC Pick Up DoD Contracts

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded a $115, 000, 000 modification to previously awarded contract N00024-09-C-2229 for long-lead time material and advanced design efforts for Ship 1 of the Mobile Landing Platform program.  Work will be performed in San Diego, Calif. (27.1 percent); …

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ITT, Lockheed Martin Book Navy Wins

According to the Department of Defense: “ITT (NYSE: ITT) is being awarded a $9, 838, 468 cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for investigations of anomalies; software engineering; systems engineering; software and firmware maintenance; support tools and facilities maintenance; documentation; and hardware maintenance and upgrade software support for the electronic warfare jammers AN/ALQ-165 …

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Northrop Grumman Picks Christopher Jones to Lead ILMD

Northrop Grumman (NYSE:NOC) named Christopher T. Jones sector vice president and general manager of the Technical Services sector’s Integrated Logistics and Modernization Division (ILMD). According to the firm, “Jones will have overall responsibility for the division, which is organized around four business units focused on contractor logistics support, systems maintenance …

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Lockheed Marks Successful Launch of Groundbreaking AEHF Satellite

Lockheed Martin’s (NYSE: LMT)  Advanced Extremely High Frequency (AEHF) satellite, constructed for the U.S. Air Force, was successfully launched today from Cape Canaveral aboard an Atlas V rocket provided by the United Launch Alliance. According to the firm, “the satellite is the most technologically advanced military communications satellite ever developed …

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CSC Presents Financial Stats

CSC (NYSE: CSC) noted the following results from first quarter fiscal 2011: “Revenue of $3.94 billion and fully diluted earnings per share (EPS) of $0.91 compared to first quarter fiscal 2010 Revenue of $3.90 billion and EPS of $0.85.” “I am pleased with our operational improvements and the corresponding financial …

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Booz Allen Books Pair of Air Force Wins

According to the Department of Defense, “Booz Allen Hamilton was awarded a $9, 424, 443 contract which will provide survivability/vulnerability technical analysis for U.S. Army North, Joint Force Land Component Command for homeland defense initiatives.  At this time, $1, 655, 754 has been obligated.  55 CONS/LGCD, Offutt Air Force Base, …

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