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Tag Archives: Financial News

CACI’s Paul Cofoni: ‘We’ve Reenergized’

The treacherous economy that slowed down activity in the government contracting marketplace is now apparently swinging back. According to the Washington Post, firm and analysts are seeing the increase as the light at the end of the unstable-capital-market-in-government-contracting tunnel. Companies like CACI International and Boeing are enjoying acquisition activities after …

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General Dynamics, Sikorsky, BAE Systems Pen DoD Deals

According to the Department of Defense, “General Dynamics (NYSE: GD) was awarded a $58, 346, 730 firm-fixed-price contract for MK80 series bomb bodies.  Work is to be performed in Garland, Texas, with an estimated completion date of Dec. 31, 2010.  One bid was solicited with one bid received.  HQ, Army …

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Harris Signs Deal to Support Emergency Radio Communications in New York

Harris Corporation (NYSE:HRS) signed a $30 million contract to offer a P25 trunked emergency radio communications system and terminal equipment to as many as 25, 000 public service and public safety users in Monroe County, New York. “This project ultimately will unite all of Monroe County’s public service and safety …

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Northrop-Raytheon Satellite System Notches Successful Test

Northrop Grumman (NYSE:NOC) and Raytheon’s (NYSE:RTN) Space Tracking and Surveillance System (STSS) Demonstration satellites detected and tracked a two-stage Ground-Based Interceptor (GBI) during a U.S. Missile Defense Agency flight test. According to the firms, “tracking data generated by the satellite sensors were transmitted to the Missile Defense Integration and Operation …

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General Dynamics Subsidiary Bath Iron Work Picks Up $105M Modification

General Dynamics (NYSE: GD) subsidiary Bath Iron Works won a $105.4 million modification from the Navy on a deal for procurement of long-lead-time material and engineering, production and support services associated with the construction of DDG 1001, and for long-lead-time material procurement associated with DDG 1002. According to the firm, …

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BAE, Honeywell Win Shares of Nine-Figure Deal, Lockheed and Boeing Score Navy Wins

According to the Department of Defense, “BAE Systems, ENGlobal Technical Services (N65236-10-D-6828), and Honeywell (NYSE: HON), are each being awarded an indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee type multiple-award contract for technical and maintenance services for automated tank gauging; automated fuel service stations; automated fuel handling equipment; environmental leak detection; airfield refueling electrical supervision …

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Dennis Stolkey on HP’s $3 Billion Win

HP Enterprise Services signed a Continuity of Services Contract (CoSC) with the U.S. Department of the Navy, worth a potential $3 billion if all options are exercised. According to the firm, “the CoSC enables the Navy to transition the comprehensive IT services presently provided under the Navy Marine Corps Intranet …

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Northrop Grumman Working on Missile Warning Systems to Protect Helicopters

Northrop Grumman (NYSE:NOC) will provide infrared missile warning systems (IRMWS) and processors to the Naval Air Systems Command (NAVAIR) in support of medium and heavy lift helicopter fleets. The contract is worth $80 million and provides access to areas  previously denied due to threat conditions. “Protecting vulnerable, rotor-wing aircraft during …

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Harris IT Picks Up CMMI Level 3 Rating

Harris Corporation’s (NYSE:HRS) IT services business earned a Capability Maturity Model Integration (CMMI) V1.2 (DEV) Maturity Level 3 rating. The rating validates the Harris IT Services systems integration processes. “This CMMI Level 3 rating demonstrates our commitment to delivering best-practice solutions to our customers, ” said Ted Hengst, president, Harris …

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NASA, Lockheed Celebrate Space Shuttle Tank Completion

NASA and Lockheed Martin (NYSE: LMT) honored the workforce responsible for the construction of the external tanks for the space shuttle fleet at NASA’s Michoud Assembly Facility in New Orleans. “This is a bittersweet moment for everyone who’s been part of this great and dedicated NASA and Lockheed Martin external …

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