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Tag Archives: Financial News

Mike Gaffney, CSC Complete FAA Hardware Platform Technology Upgrade

CSC (NYSE: CSC) has deployed hardware platform technology upgrades at 82 Federal Aviation Administration (FAA) remote sites around the United States According to the firm, “the FAA awarded CSC a contract in 2004 to modernize its traffic management system, which tracks, anticipates and manages the flow of air traffic throughout …

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Raytheon, Lockheed Martin, Boeing Pick Up Defense Deals

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $20, 372, 898 modification (P00070) under previously awarded cost-plus-award-fee contract (N00140-05-C-0015) for services in support of the Navy Forces Surveillance Support Center relocateable over-the-horizon radar system.  Work will be performed in Reston, Va. (40 percent); Texas (30 …

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General Dynamics Books DoD Deal Triple Play

According to the Department of Defense, “General Dynamics (NYSE: GD) was awarded a $48, 215, 074 firm-fixed-price contract.  This contract is for 12, 180 Bradley reactive armor skirt tiles and 435 installation kits for the Bradley fighting vehicle system.  Work is to be performed in Haifa, Israel (47.4); Burlington, Vt. …

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Ray Johnson on Lockheed’s ‘Oscar of Innovation’

Lockheed Martin (NYSE: LMT) and Sandia National Laboratories’ research on multifunctional optical coatings as one of the 100 greatest technologies introduced this year by R&D. According to Lockheed, “the technology was developed as part of the Shared Vision cooperative program that fosters collaboration among top scientists and funds research in …

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CGI Extends Stanley Tender; Awaiting Clearances

CGI Group (NYSE: GIB) has once again extended its $903 million tender offer for Stanley. The new extension lasts through August 2.  The previous extension expired last week. CGI notes that approximately 84 percent of Stanley’s shares have been tendered, but that the deal was still awaiting regulatory clearances. CGI …

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Wood Parker on Ken Krieg’s Decision to Join TASC

Ken Krieg has joined the Board of Advisors of TASC. Krieg is the former under secretary of defense for Acquisition, Technology and Logistics. “Our Board of Advisors holds deep expertise in the areas critical to TASC’s continued growth, ” said Wood Parker, president and CEO of TASC.  “Ken’s experience in …

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Criterion Systems Names J. Greg Hanson COO

Criterion Systems promoted Dr. J. Greg Hanson the position of senior vice president and chief operating officer (COO). “I am delighted to announce Greg’s promotion – he has been instrumental in building the operations organization and expanding business with existing customers, ” said Promod Sharma, president and CEO of Criterion. …

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SAIC, Boeing Score DoD Deals, Raytheon Turns Two

According to the Department of Defense, “SAIC (NYSE: SAI) was awarded a $5, 549, 168 firm-fixed-price contract for non-personal services in support of the ‘Advanced Electronic Magnetic Pulse Test & Technical Assistance In Accordance with Statement of Work.’  Work is to be performed in Fort Belvoir, Va., with an estimated …

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BAE Systems Finalizes Deal to Acquire Atlantic Marine

BAE Systems finalized the acquisition of Atlantic Marine following approval from the government. In May, BAE announced an agreement to purchase Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company for $352 million. According to the firm, “the acquired Atlantic Marine operations …

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CSC Claimes $224M Army Engineering Support Deal

CSC (NYSE: CSC) won a task order from the U.S. Army to provide technical and engineering support for its Aviation and Missile Research Development and Engineering Center (AMRDEC). The five-year task order carries an estimated total value of $224 million. CSC is scheduled to support technical and engineering services in …

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