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Tag Archives: Financial News

Raytheon Wins Navy Deal, Booz Allen Claims Two

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $6, 771, 682 modification to a previously awarded cost-plus-incentive-fee contract (N00019-08-C-0034) for the incorporation of functions and interfaces required to perform routine setup and recurring certification of the Joint Precision Approach and Landing System ship system.  Work …

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Daon’s Tom Grissen on Strategic Partnership with DieBold

Daon and DieBold have signed a value-added reseller (VAR) agreement.  According to the firm, “Diebold will resell Daon’s biometrics and identity management software.” “We consider Diebold a strategic partner, ” said Daon CEO Tom Grissen. “Together we bring strong authentication and compliance to both commercial and government customers, while delivering …

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Versar Wins Upgrade Work at Langley Air Force Base in Virginia

Versar’s (NYSE Amex: VSR) partnership venture with W.M. Jordan claimed a $7, 185, 824 firm-fixed-price contract for construction upgrades of the existing West and LaSalle Gates at Langley Air Force Base, Virginia. According to the firm, “the scope of work at West Gate will provide for a vehicle inspection facility, …

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Northrop Grumman Picks Up Jammer Maturation Deal

Northrop Grumman (NYSE:NOC) won a $41.9 million cost-plus-fixed-fee contract to mature proposed technologies for the U.S. Navy’s Next Generation Jammer airborne electronic attack system development. According to the firm, “the Navy is developing the Next Generation Jammer to field a system that can electronically attack the advanced electronics being developed …

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Orbital Announces Fiscal Figures

Orbital Sciences Corporation (NYSE: ORB) announced financial results for the second quarter of 2010. According to the firm, “second quarter 2010 revenues were $337.7 million, up 25% compared to $270.1 million in the second quarter of 2009. Second quarter 2010 operating income was $12.2 million, compared to $12.8 million in …

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South Africa Buys Smart Bombs from Raytheon

Raytheon (NYSE: RTN) won a deal from the South African Department of Defense for Paveway II laser-guided bombs.  Terms of the deal were undisclosed. “The combat-proven Paveway family of weapons is integrated on more than 22 aircraft and serves 41 nations around the globe, making this weapon the ideal choice …

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Raytheon, Lockheed, ITT Win Air Force Work

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $29, 211, 458 contract modification for the surveillance radar program, a foreign military sales program managed by the Electronic Systems Center to provide Taiwan with the elements of a missile and air defense capability.  At this time, $8, …

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L-3 picks up $200 million deal from Air Force

L-3 Communications’ (NYSE: LLL) WESCAM subsidiary has been awarded a third contract from the U.S. Air Force that will be used to purchase the firm’s MX-15Di targeting systems and MX-20D targeting systems.  The deal is valued at $200 million. According to the firm, “over an 18-month period, three ID/IQ contracts …

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CGI Picked for First Leg of FI$Cal Project, Donna Morea Comments

CGI Group Inc. (NYSE: GIB; TSX: GIB.A), a leading provider of information technology and business process services, today announced a Stage One contract from the State of California to participate in a seven-month “fit-gap” project to transform and integrate the State’s financial management and procurement operations. CGI is one of …

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Kerry Bailey on Verizon Business’ ‘Leadership Quadrant’ Placement

Verizon Business was placed in the “Leaders quadrant” in the new report “Magic Quadrant for Communications Outsourcing and Professional Services, North America” by Gartner Inc. According to Verizon, “Gartner examined 17 U.S.-based providers of IT services for business communications systems – including both fixed and mobile connectivity.  Specific IT services …

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