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Tag Archives: Financial News

Financial Announcement from ManTech

ManTech (NASDAQ: MANT) announced that it release will its first quarter fiscal year 2011 earnings following the close of the market on Wed., April 27, 2011. The firm’s leadership will break down the numbers in a conference call scheduled for 5 p.m. EST. According to the firm, “analysts may participate …

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Raytheon Selects Mark Kula to Lead Tactical Airborne Systems

Raytheon (NYSE: RTN) named Mark Kula vice president of Tactical Airborne Systems at the firm’s Space and Airborne Systems business. Kula joins Raytheon with responsibility for TAS program and financial performance, new business capture, and strategic vision, planning and execution. “Mark brings an extensive knowledge of defense technology and information …

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ManTech Takes Spot on $1.1 Billion DOJ IT Project; Bill Varner Comments

ManTech International (NASDAQ:MANT) secured a spot on the Department of Justice’s IT support services ID/IQ, ITSS-4. The deal’s base term runs through September 2011 and includes six option years, with a total ceiling value of $1.1 billion. With the deal in place, the firm will support a number of tasks …

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Lockheed Martin Wins Navy Contract

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $7, 907, 803 firm-fixed-price and cost-plus-fixed-fee option exercise modification to previously awarded contract (N00024-08-C-6282) for the production and support of multi-function towed arrays for the AN/SQQ-89A(V)15 antisubmarine warfare combat systems.  The multi function towed array is …

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CACI Wins Spot on $1.1 Billion DOJ IT Deal

CACI International (NYSE: CACI) announced today that it has been awarded one of 20 prime contracts to support the Information Technology Support Services 4 contract for the U.S. Department of Justice. The ID/IQ carries a ceiling value of $1.1 billion, with a seven-month base term and six option years. With …

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Northrop Grumman Books Ticket on $2.5 Billion OPTARSS II

Northrop Grumman (NYSE: NOC) won a spot on the U.S. Forces Command’s Operations, Planning, Training and Resource Support Services. Raytheon (NYSE: RTN) announced it had also secured a position on the project. The OPTARSS II program is an ID/IQ contract with a ceiling of $2.5 billion. “With our nation’s warfighters …

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ATK Signs $65.8 Million XM25 Weapon System Deal with Army

ATK (NYSE: ATK) won a $65.8 million Engineering and Manufacturing Development contract from the Army’s Program Executive Office to provide the XM25, Individual Semi-Automatic Airburst System. According to the firm, “the 30-month contract calls for the continuing design, integration, production, and testing of full-up systems to ensure the weapon’s final …

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Raytheon Moves Forward with $2.5 Billion Army Project

Raytheon’s (NYSE: RTN) Technical Services Company LLC secured a contract from U.S. Army Forces Command contract to cover work on an expedited process for operational customers in the Army and Department of Defense. The five-year ID/IQ carries a ceiling value of $2.5 billion. The Operations, Planning, Training and Resource Support …

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Lockheed Lands on Lucrative Coast Guard Contract

Lockheed Martin (NYSE: LMT) won a spot from the Coast Guard on a five-year ID/IQ covering training and technical support services. The deal includes a $57 million ceiling value. The firm will cover a number of tasks, including hiring specialized instructors in aviation and handling performance analysis. “We’re proud that …

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SAIC to Sell Portion of Business; CEO Havenstein Promises Aggressive Acquisition Strategy in Future

According to a report in The Washington Post, SAIC (NYSE: SAI) is looking to sell its business focused on IT solutions for oil and gas companies while seeking expansion in growth markets via acquisition. CEO Walt Havenstein noted the strategy in an investor call last week. “To grow our oil …

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