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Tag Archives: Financial News

L-3 Launches $1 Billion Share Repurchase Plan

L-3 Communications Holdings’ (NYSE: LLL) board of directors gave the green light to a new share repurchase program allowing the company to repurchase up to an additional $1 billion of the company’s common stock through December 31, 2012. According to the firm, “this new share repurchase authorization is effective immediately …

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SAIC Books Space and Naval Warfare Systems Center Support Deal

SAIC (NYSE: SAI) inked a prime contract from the Space and Naval Warfare Systems Center (SPAWARSYSCEN) Atlantic, Business Systems / Enterprise Information Systems Division in support U.S. Marine Corps mass notification systems. According to the firm, “The multiple-award, indefinite-delivery/indefinite quantity contract has a one-year base period of performance, four one-year …

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Lockheed’s Bob Stevens Comments on Decade-Long Deal Worth Potential $5 Billion

Lockheed Martin (NYSE: LMT) won an indefinite delivery / indefinite quantity contract from the U.S. Special Operations Command to support complete logistics to soldiers around the world. According to the firm, “the Logistics Support Contract for U.S. Special Operations provides a wide range of mission-critical services, from aircraft and vehicle …

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Wes Bush, Northrop Grumman Will Settle In Falls Church, Va. After Move East

Northrop Grumman (NYSE:NOC) has picked the facility it will call home after next year’s much-publicized move from California to Virginia. NGC’s corporate headquarters will be located at 2980 Fairview Park Drive, Falls Church, Va. The firm detailed some specifics about potential employment: “Northrop Grumman expects to initiate operations in the …

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L-3, BAE Pick Up Navy Deals

According to the Department of Defense “L-3 Communications (NYSE: LLL) is being awarded a maximum value $52, 781, 000 indefinite-delivery/indefinite-quantity contract for equipment systems, equipment upgrades and repairs, and program management for the Tactical Remote Sensor System (TRSS) System of Systems (SoS).  The TRSS SoS provides the capability for all-weather …

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CSC to Continue Providing IT Support to MBDA

CSC (NYSE: CSC) and MBDA, the missile systems firm, will continue an information technology (IT) outsourcing contract with CSC, to extend until 2014 if all options are exercised. “We are delighted to sign a new contract extension with CSC, ” said Jean-Claude Carepel, group IM director at MBDA. “This extension …

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ManTech Awarded Navy Ship Noise Deal

ManTech International (NASDAQ:MANT) announced that it was awarded a contract by the U.S. Navy, Naval Undersea Warfare Center (NUWC), Keyport Division. According to ManTech, the firm “will provide engineering, programmatic and technical support services for the Surface Ship Radiated Noise Measurement (SSRNM), Fleet Sonar Self Noise (FSSN) and other Navy …

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Harris Books Navy Deals to Upgrade Airborne Moving Maps

Harris Corporation (NYSE:HRS) inked follow-on contracts from the U.S. Navy totaling nearly $30 million to upgrade the Tactical Airborne Moving Map Capability (TAMMAC) Digital Map System. According to the firm, “the TAMMAC Digital Map Computer provides military aircrews with sophisticated moving maps and other critical mission information via cockpit displays. …

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Mark Jendzejec Comments on STG’s DEA Contract Win

STG claimed the Drug Enforcement Administration’s (DEA) IT Support Services contract for Worldwide Field Offices and HQ. As part of the deal, STG “will provide onsite IT staff to support and maintain stable, secure and responsive mission critical IT services for DEA headquarters and field offices worldwide. The award is …

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