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Tag Archives: Financial News

Global Crossing Purchased by Level 3 in Deal Valued at $3 Billion

Level 3 Communications (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) reached an agreement that will see  Level 3 acquire Global Crossing in a tax-free, stock-for-stock transaction. This transaction will create a company with pro forma combined 2010 revenues of $6.26 billion. According to the firms, Global Crossing shareholders will …

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Harris Wins Shipboard Satellite Communications Deal with Canada

Harris (NYSE: HRS) signed a $2 million contract with the Canadian government for shipboard satellite communications terminals. According to the firm, “the Harris terminals will reduce expensive dial-up lease costs while significantly increasing shipboard bandwidth capacity –  equipping the Canadian Navy with affordable, global access to a variety of military …

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General Dynamics Latest to Pin Down Spot on $1.1B DOJ IT Deal; Marcus Collier Comments

General Dynamics (NYSE: GD) Information Technology secured a spot on the Department of Justice’s ITSS4 program. The ID/IQ carries a value of $1.1 billion over seven years. Other firms to win a share of the deal include SAIC (NYSE: SAI), Citizant, ManTech (NASDAQ: MANT) and CACI (NYSE: CACI). With the …

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Double MDA Deals Come Down for Raytheon

According to Department of Defense, Raytheon (NYSE: RTN) secured a contract with “an award value of $42, 716, 764.  Under this contract (HQ0147-11-C-0009), Raytheon will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess viable and affordable missile configurations, …

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Boeing Books Dual DoD Contracts

According to the Department of Defense, “Boeing (NYSE: BA) with an award value of $41, 161, 620.  Under this contract (HQ0147-11-C-0007), Boeing will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess viable and affordable missile configurations, conduct trade …

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Lockheed Martin Secures MDA Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) booked a deal with Missile Defense with an award value of $43, 333, 077.  Under this contract (HQ0147-11-C-0008), Lockheed will work with MDA on the concept definition and program planning for the Standard Missile-3 Block IIB to define and assess …

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Northrop Grumman Inks Air Force Work

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) is being awarded a $7, 129, 580 cost-plus-fixed-fee contract modification for the Persistent Close Air Program to demonstrate a new capability in close air support.  Work will be performed at Rolling Meadows, Ill., and Orlando, Fla.  The AFRL/PKDB, Wright-Patterson Air …

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ATK Sails to New Navy Deal

According to the Department of Defense, “ATK (NYSE: ATK) was awarded an estimated $29, 000, 000 cost, no-fee facilities acquisition contract for restoration projects in support of the Navy’s continuing restoration program at Allegany Ballistics Laboratory.  The Allegany Ballistics Laboratory is a government-owned, contractor-operated, Navy Industrial Reserve Ordnance Plant.  The …

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BAE Systems Win, Part II: Navy Cruiser Work in Place

BAE Systems secured a multi-ship, multi-option dry dock contract from the Navy to maintain six Ticonderoga class  guided missile cruisers. The five-year deal covers execution planning, modernization, maintenance and repair work. “The award of this contract is a direct testament to the sustained superior performance and dedicated commitment of our …

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BAE Systems Win, Part I: Firm Books Gun Systems Order with Navy

BAE Systems won a contract from the Navy to deliver 40 Mk 38 Mod 2 Gun Systems this year and next. This win falls under a four-year ID/IQ valued at more than $165 million. “The Mk 38 is the Navy’s choice for superior self defense capability, ” said Mark Signorelli, …

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