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Tag Archives: Financial News

Northrop Grumman Moves Forward with $372 Million Stealth Bomber Deal

Northrop Grumman (NYSE:NOC) is working on an antenna system that will “enable the B-2 Spirit stealth bomber to send and receive battlefield information securely by satellite up to 100 times faster than it can today.” The deal, awarded by the Air Force is valued at $372 million. “Our work on …

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Quest Software Moves Forward with Stock Repurchase Program

Quest Software’s (NASDAQ: QSFT) board of directors has authorized a stock repurchase program covering up to $200 million of its common stock. According to the firm, “the program replaces the $150 million stock repurchase program that Quest Software’s board of directors authorized in February 2011. Any stock repurchases may be …

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Orbit Sales Up 23 Percent

Orbit International (NASDAQ:ORBT) released financial figures from the first quarter 2011, seeing $6, 812, 000 in net sales, a 23 percent spike. “The 23.1 percent increase in net sales combined with the gross margin improvement and substantial reduction in selling, general and administrative expenses resulted in a nearly $1.2 million …

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Versar Schedules Call

Versar (NYSE Amex:VSR) scheduled a conference call for 2:00 p.m. EDT on May 17, to review the company’s operational performance and financial results for the third quarter of its fiscal year 2011. According to the firm, “Versar will release its third quarter 2011 Form 10-Q on May 16, and financial …

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GeoEye Revenues Rise in New Report

GeoEye (NASDAQ: GEOY) fiscal first quarter revenue of $86.6 million an increase of almost eight percent from the same period in 2010. “During the quarter, GeoEye achieved revenue growth and operating results that were in line with our expectations, ” said CEO Matt O’Connell said. “We have continued our focus …

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DLT Solutions Rolls Out Cloud Knowledge Practice, Names Cloud Officer

DLT Solutions named David Blankenhorn chief cloud technologist, overseeing the newly established DLT Cloud Advisory Group, “a knowledge practice designed to provide government customers with architectural and technical direction in the selection of appropriate cloud products and services.” According to the firm, “the DLT Cloud Advisory Group will provide customers …

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SAIC Claims Defense Contract

According to the Department of Defense, “SAIC (NYSE: SAI) is being awarded an $8, 407, 583 cost-plus-fixed-fee contract for the Vector Sensor Array System development, performance engineering, and research.  SAIC will help continue the development of underwater acoustic sensors.  The contract will be incrementally funded at this time in the …

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Lockheed Martin Wins MDA Work

According to the Department of Defense, “the Missile Defense Agency is announcing the award of a cost-plus-fixed-fee contract to Lockheed Martin (NYSE: LMT) with an award value of $43, 333, 077.  Under this contract (HQ0147-11-C-0008), Lockheed will work with MDA on the concept definition and program planning for the Standard …

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HP Enterprise Reaches $500 Million Deal with Aussie Tax Agency

HP (NYSE:HPQ) Enterprise Services reached an agreement with the Australian Taxation Office, the government’s principal revenue collection agency, worth $500 million, U.S. According to the firm, “Under the five-year agreement, HP will deliver the agency’s Centralized Computing Services, which support the ATO’s new multisource model. HP will deliver Data Center …

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NCI Pens Air National Guard Deal

NCI (NASDAQ:NCIT) secured a $26.5 million task order through GSA Schedule 70 to direct the Consolidated IT/DBA Support for the Air National Guard. The task order has a six-month base term and four one-year option periods. “NCI recognizes the importance of this task order as part of a larger Air …

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