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Tag Archives: Financial News

BAE Systems Pens DoD Contract

According to Department of Defense, “BAE Systems was awarded an $8, 005, 627 firm-fixed-price contract.  The award will provide for the settlement of all costs associated with engineering changes impacting the six program of record engineer variant vehicles detailed in a previous version of this contract.  Work will be performed …

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CACI Marches to Army Win

According to the Department of Defense, “CACI (NYSE: CACI) was awarded a $17, 035, 534 cost-plus-fixed-fee contract.  The award will provide for the modification to exercise the surge option for the Joint Improvised Explosive Device Defeat Organization Special Operations Forces Support Team supplemental.  Work will be performed in Arlington, Va.; …

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Northrop Claims Lucrative New Navy Deal

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded a $94, 629, 000 modification to definitize a previously awarded advance acquisition contract (N00019-10-C-0044) to a fixed-price.  In addition, this modification provides for the manufacture and delivery of four low rate initial production Lot 4 E-2D Advanced …

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Juniper Hires Nawaf Bitar to Lead Emerging Technologies

Juniper Networks (NYSE: JNPR) has hired Nawaf Bitar to serve as senior vice president and general manager of Emerging Technologies. Bitar previously worked as vice president of engineering and operations for its security technology business unit at Cisco. “Nawaf’s depth of passion, combined with his expertise in engineering and delivering …

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SAIC Books $41 Million Deal to Support DoD Enhancements

SAIC (NYSE: SAI) secured a deal from the U.S. Naval Surface Warfare Center, Indian Head Division to support a scientific research program aimed at facilitating equipment and infrastructure lifecycle and sustainment enhancements. The deal carries a one-year base term, four one-year options, for a total potential value of $41 million. …

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CSC Unites with Airbus, OAT Systems for Project

CSC (NYSE: CSC) is teaming with Airbus and OAT Systems to take on the ATA Spec 2000 RFID solution. According to the firm, “CSC will provide system integration and business process consulting to support the implementation of the ATA Spec 2000 solution.” “We are excited to work with Airbus and …

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Raytheon, Boeing Team for Missile Bid

Raytheon (NYSE: RTN) and Boeing (NYSE: BA) will bid for work on the Army and Navy’s Joint Air-to-Ground Missile project. According to Raytheon, “the team has proven capabilities demonstrated in the JAGM technology demonstration phase and enters the competition with an unmatched 3-for-3 record of success in the contractually required …

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Red Hat, NTT Communications Grow Cloud Relationship

Red Hat (NYSE: RHT) and NTT Communications have reached an agreement that will see NTT expand its use of Red Hat Enterprise Virtualization and Red Hat Enterprise Linux. Red Hat and NTT Communications joined up for cloud work last year. “As part of our growing cloud partnership with NTT Communications, …

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GE to Open Cybersecurity Center in VA; Rep. Eric Cantor Comments

General Electric (NYSE: GE) has announced plans to open an information security technology center outside of Richmond, Va. According to the firm, “the new center will house high-tech teams specializing in cybersecurity, as well as network design, architecture, data management, and application development. Employment for the center is expected to …

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Rolls-Royce Books Engine Repair Deal with Navy

According to the Department of Defense, “Rolls-Royce is being awarded a $9, 751, 647 modification to a previously awarded firm-fixed-price contract (N00019-10-C-0020) to exercise an option to procure three low power engine repairs and 11, 247 engine flight hours.  Work will be performed in Oakland, Calif. (70 percent), and Indianapolis, …

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