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Tag Archives: Financial News

CSC Reaches Deal to Purchase Healthcare IT Firm iSOFT’s Globals Ops

CSC (NYSE: CSC) reached an agreement to purchase iSOFT Group Limited (ASX: ISF), an advanced healthcare IT solutions firm, via “court-approved scheme of arrangement.” According to the firm, “the acquisition will complement and strengthen CSC’s market-leading software products and healthcare integration and services portfolio, while enhancing its healthcare research and …

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NCI Finalizes AdvanceMed Purchase

NCI (NASDAQ:NCIT) has acquired the outstanding capital stock of CSC’s (NYSE: CSC) AdvanceMed. AdvanceMed supports services focused on the detection and prevention of fraud, waste, and abuse in healthcare programs, providing investigative services to the Centers for Medicare and Medicaid Services. NCI purchased the firm for $62 million.

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BAE Systems Closes Fairchild Imaging Purchase

BAE Systems has completed its planned acquisition of Fairchild Imaging, Inc. California-based Fairchild Imaging specializes in solid-state electronic imaging components, cameras, and systems. “Fairchild Imaging offers advanced electronic imaging technology that will enhance our ability to serve our customers with lower size, weight, and power devices for both airborne and …

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ManTech Books Army Software Deal

ManTech (NASDAQ:MANT) secured an award under the Strategic Services Sourcing prime contract to perform software engineering services for the U.S. Army Communications-Electronics Command Software Engineering Center’s Guardrail systems. The deal carries a value of $22.6 million. According to the firm, “the Guardrail family of systems includes remotely controlled, airborne intelligence-collection …

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GTEC Completes Tender Offer

GTEC (Nasdaq: GTEC) issued a statement reporting the completion of the tender offer for its common stock by Ares Management LLC for $24.25 per share. According to the firm, “on March 3, 2011, GTEC announced that it had entered into a definitive merger agreement with Sentinel Acquisition Corporation, an affiliate …

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Raytheon Hires Ron Stefano to Lead Mission Operations Solutions

Raytheon (NYSE: RTN) hired Ron Stefano to serve as VP, mission operations solutions for the firm’s Intelligence and Information Systems business. Stefano will lead financial performance, new business development and strategic planning for MOS. “Ron has a tremendous background in government information technology, leveraging innovative approaches and cutting-edge technology, ” …

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Financial Announcement from Symantec

Symantec (NASDAQ: SYMC) scheduled its quarterly earnings conference call for May 11. Executives including CEO Enrique Salem will be on hand to discuss the results of its fiscal fourth quarter and fiscal year 2011, ended April 1, 2011. According to the firm, “investors will have the opportunity to listen to …

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Friday DoD Winners Include Wyle, L-3

According to the Department of Defense, “Wyle is being awarded an $11, 881, 935 modification to a previously awarded cost-plus-fixed-fee contract (N00421-08-C-0025) to exercise an option for aircrew, engineering, operations, and scheduling services in support of the Naval Test Wing Atlantic and Naval Test Wing Pacific.  Work will be performed …

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Raytheon Caps Winning Week with 5 More Deals

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $9, 000, 000 cost-plus-fixed-fee contract for technical support of the use of Advanced Medium-Range Air-to-Air Missile (AMRAAM) special test vehicles, special test equipment, and test positions to include AMRAAM modeling and simulation.  Work will be performed at …

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Booz Allen, Lockheed Martin Take Off with Air Force Deals

According to the Department of Defense, “Booz Allen Hamilton (NYSE: BAH) is being awarded a $24, 732, 132 cost-plus-fixed-fee contract for survivability and vulnerability technical analyses for Navy Expeditionary Combat Command.  Work will be performed at McLean, Va.  The 55th Contracting Squadron, Offutt Air Force Base, Neb., is the contracting …

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