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Tag Archives: Financial News

Financial Announcement from AT&T

AT&T‘s (NYSE:T) board of director voted to approve a quarterly dividend of $0.43 a share on the company’s common shares. According to the firm, “the dividend is payable on May 2, 2011, to stockholders of record at the close of business on April 8, 2011.”

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Leadership Shakeup at Northrop Grumman Space Systems

Northrop Grumman (NYSE:NOC) selected Jeffrey Grant to serve as VP and general manager of the Space Systems Division within the firm’s Aerospace Systems sector. The firm also appointed Robert Burke VP and deputy general manager of the Space Systems Division. Grant will take over for the retiring Dr. David M. …

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Bell Boeing JPO Secures Navy Contract

According to the Department of Defense, “the Bell Boeing (NYSE: BA) Joint Project Office is being awarded a $30, 291, 489 cost-plus-incentive-fee contract to procure two U.S. Air Force Special Operations Command Tiltrotor (CV-22) flight training devices, and associated provisioned items and spares.  Work will be performed in Broken Arrow, …

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Apptis, SAIC Ink Major DISA Deal Modifications

According to the Department of Defense, Apptis and SAIC (NYSE: SAI) were awarded two contract modifications to add two, six-month option periods and increase the ceiling amount under indefinite-delivery/indefinite-quantity contracts DCA200-02-D-5000 and DCA200-02-D-5001, the Defense Information Systems Network (DISN) Global Solutions (DGS) contracts.  The purpose of the optional extension periods …

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Rolls-Royce Closes Week Out with Navy Win

According to the Department of Defense, “Rolls-Royce is being awarded a $21, 396, 304 modification to a previously awarded indefinite- delivery/indefinite-quantity, firm-fixed-price contract (N00019-09-D-0006) for the repairs of T56-A-427 Series IV engines of the E-2C and C-2 aircraft.  Work will be performed in Oakland, Calif., and is expected to be …

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ManTech Pens Air Force Deal

According to the Department of Defense, “ManTech (NASDAQ: MANT) is being awarded a $15, 681, 903 cost-plus-fixed-fee contract modification for systems engineering, product assurance, program safety, systems security, risk management, and launch integration management supporting the Launch and Range Systems Directorate located at Los Angeles Air Force Base, Cape Canaveral …

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GE Responds to JSF Engine ‘Stop Work’ Order; Reaffirms Commitment to Project

General Electric released a statement in response to the “Stop Work” order issued by the Department of Defense for the firm’s F136 engine for the Joint Strike Fighter. The GE/Rolls-Royce Fighter Engine Team will be made to cease work on the project once the current funding runs out at the …

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Autodesk Names eBay Veteran Lorrie Norrington to Board

Autodesk (NASDAQ:ADSK)has appointed Lorrie M. Norrington to the firm”s board of directors. “I’m pleased to welcome Lorrie Norrington to our board of directors and look forward to her contributions to the company, ” CEO Carl Bass said.  “Lorrie’s broad business experience as well as her impressive e-commerce pedigree will be …

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Northrop Grumman Claims $26 Million B-1 Bomber Deal

Northrop Grumman (NYSE:NOC) secured a delivery order from the Air Force for the B-1 Bomber aircraft mission planning capability on the Joint Mission Planning System platform. The order carries a potential value of $26 million, if all options are exercised. According to the firm, “the JMPS is a family of …

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Larry Ellison: Oracle Technology Powering Cloud

Oracle (NASDAQ: ORCL) rolled out its numbers for the third quarter of fiscal 2011, reporting a 37 percent jump in GAAP revenues to $8.8 billion. “Q3 performance was broad based with all geographies reporting revenue growth of 30 percent or higher, ” President Mark Hurd said. “The sequential revenue growth …

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