Home / Tag Archives: Financial News (page 27)

Tag Archives: Financial News

More Big Wins for Boeing

According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $258, 335, 790 fixed-price-award-fee, cost-plus-award-fee contract modification for basic C-17 Globemaster III sustainment partnership.  Work will be performed at Long Beach, Calif.  The Aircraft Sustainment Directorate, Robins Air Force Base, Ga., is the contracting activity (FA8614-04-C-2004-P00543). “Boeing …

Read More »

SAIC Sells Oil & Gas IT Services; CEO Havenstein, Group Pres. Craver Comment

SAIC (NYSE: SAI) has a deal in place to sell Wipro (NYSE: WIT) operations focused on “specialized IT services to oil and gas companies.” CEO Walt Havenstein announced the firm’s intent to move the units during a financial call last week. The firm is selling its U.S. oil and gas …

Read More »

Raytheon Wins $312 in Funding to Cover SM-3 Block IB Development and Delivery

Raytheon (NYSE: RTN) secured a $312 million manufacturing contract from the Missile Defense Agency to cover work on the Standard Missile-3 Block IB program. T With the deal in place, the firm will complete development and delivery of the SM-3 Block IB program. “We expect to deliver the first flight …

Read More »

Deltek Buys WMG, FedSources for $26 Million; CEOs Kevin Parker and Bill Gormley Comment

Deltek (NASDAQ: PROJ) has reached an agreement to purchase Washington Management Group, including FedSources and FedSources Consulting for $26 million in an all cash transaction. WMG, FSI, and FSI Consulting provide market intelligence and consulting to government contracting firms. “Acquiring WMG and FedSources significantly expands our solutions portfolio and drives …

Read More »

2 SAIC Units Pick Up CMMI-DEV Maturity Level 3 Ratings; Larry Cox Comments

A pair of SAIC (NYSE: SAI) business units earned Capability Maturity Model Integration (CMMI-DEV) Maturity Level 3 rating from the Carnegie Mellon University Software Engineering Institute. According to the firm, “the Intelligence Systems Business Unit achieved the Maturity Level 3 rating using the Standard CMMI Appraisal Method for Process Improvement. …

Read More »

SRA Sold for $1.88 Billion to Providence Equity Partners

SRA International (NYSE: SRX) has agreed to a definitive merger agreement to be acquired by an affiliate of Providence Equity Partners in an all-cash transaction valued at $1.88 billion. As part of the agreement, SRA shareholders will receive $31.25 in cash for each share of common stock. The firm’s board …

Read More »

Thursday DoD Winners Include Raytheon, L-3

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $7, 552, 000 modification to previously awarded contract (N00024-10-C-5126) for class services engineering efforts supporting the Zumwalt-class destroyer program.  These efforts include total ship computing environment infrastructure software facility support, test and evaluation, and design solution engineering.  …

Read More »

Boeing Claims 4 DoD Deals Worth Over $600 Million

According to the Department of Defense, “Boeing was awarded a $528, 125, 000 firm-fixed-price contract.  The award will provide for the procurement of 25 CH-47F (Chinook) new-build cargo helicopters.  Work will be performed in Ridley Park, Penn., with an estimated completion date of Dec. 30, 2013.  One bid was solicited …

Read More »

Triple the Defense Work for Northrop Grumman

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $10, 688, 850 time-and-material contract.  The award will provide for the tactical services in various locations in support of the Air and Missile Defense Planning and Control Systems tactical support operational requirements.  Work location will be determined …

Read More »

Lockheed Martin Scores Trio of DoD Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $14, 785, 866 modification to previously competitively awarded contract (N00024-08-C-6283) to exercise an option for the procurement of four low cost conformal array production units and engineering and technical services.  The contract is fixed-price-incentive for production …

Read More »