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Tag Archives: Financial News

ITT Sails to Navy Deal

According to the Department of Defense, “ITT (NYSE: ITT) is being awarded a $19, 553, 817 modification to previously awarded contract (N00024-09-C-5395) for AN/SPS-48G(V) radar modification kits to support the Recovery Obsolescence Availability Radar (ROAR).  AN/SPS-48’s are radars that are installed on Navy ships for volume air search and surveillance.  …

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Versar Secures Contract for Afghanistan Work

Versar (NYSE Amex: VSR) secured a $13.4 million task order to continue construction management and quality assurance operations in Afghanistan. According to the firm, “This task order will allow Versar to continue to provide engineering support, construction management and quality assurance operations in Afghanistan through September 2011 for the Air …

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ITT Declares Dividend

ITT’s (NYSE: ITT) board of directors declared a cash dividend of $0.25 per share for the second quarter of 2011. The cash dividend will be payable July 1 to shareholders of record on May 20.

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Lockheed Martin Wins Marine Corps Deal

Lockheed Martin (NYSE: LMT) won a $24 million contract from the Marine Corps to provide four new systems and upgrades to 36 of its gunnery trainers for M1-A1 main battle tanks and LAV-25 Light Armored Vehicles. “With AGTS, we developed an agile, affordable solution that offers unique configurations for users …

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Harris Pens $10 Million Radio Order with Cental Asian Nation

Harris (NYSE: HRS) picked up a $10 million order to provide RF-310M-HH multiband handheld software-defined radios to a central Asian nation in support of interoperable secure communications with coalition partners. “The RF-310M-HH is a significant solution to the challenges of military coalition communications, ” said Andy Start, president, international business …

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Iridium Off to ‘Strong Start’ in 2011, CEO Matt Desch Reports

Iridium (NASDAQ:IRDM) announced that it booked net income of $8.3 million for the first quarter of 2011 and updated its outlook for the full-year 2011. “We’re off to a strong start in 2011, as we continue to benefit from a high-quality and diversifying revenue profile that is moving beyond voice …

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General Dynamics Wins Lucrative Enterprise IT Deal

General Dynamics (NYSE: GD) Information Technology booked a five-year deal worth $83.6 million to provide information technology enterprise network services to the U.S. Special Operations Command. The contract has a ceiling value of $125 million. “General Dynamics’ cadre of IT professionals, experienced with worldwide IT operations, will provide unparalleled support …

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Fulcrum IT Acquires ITG from Dataline

Fulcrum IT has acquired the Information Technology Group from Dataline. Both firms are focused on supporting IT services to the DoD and IC. The move bolsters Fulcrum’s growth in the market and strengthens its cybersecurity, software development  and data management capabilities. “We have been partners working side by side with …

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Lockheed Locks Down Trio of Air Force Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $45, 757, 735 firm-fixed-price contract modification for an increase quantity buy of 75 baseline missiles for the Joint-Air-to-Surface-Missiles Program Office.  At this point, $45, 757, 735 has been obligated.  Work will be performed in Orlando, Fla. …

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Lockheed Lands on Army Deal Worth Potential $450 Million

Lockheed Martin (NYSE: LMT) won a deal to provide the Instrumented Ranges / Digital Range Training System to the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation. The ID/IQ award includes an initial $17.6 million delivery order, with a maximum estimated value of $450 million over a five-year …

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