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Tag Archives: Financial News

CSC’s Jim Sheaffer Comments on Firm’s Work on Air Force Upgrades

CSC (NYSE:CSC) has successfully launched the second of three pilots under Release 1 of the U.S. Air Force Expeditionary Combat Support System. ECSS is a Enterprise Resource Planning program supporting upgrade the Air Force’s global logistics capabilities. According to the firm, “this pilot delivers base equipment management capabilities to Hanscom …

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Cisco Wraps Up $95 Million Inlet Technologies Acquisition

Cisco (NASDAQ: CSCO) has finalized its acquisition of privately-held Inlet Technologies for $95 million. The Raleigh, N.C.-based firm focuses on Adaptive Bit Rate digital media processing platforms and will provide a boost to Cisco’s Videoscape TV platform offering. According to Cisco, “Inlet brings to the firm a strong team that …

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BAE Systems Caps Week with Navy Contract

According to the Department of Defense, “BAE Systems is being awarded a $12, 787, 033 modification to a previously awarded firm-fixed-price contract (N00019-11-C-0022) to exercise an option to procure 12 interim defensive weapons systems mission kits to support the V-22 tiltrotor aircraft.  Work will be performed in Johnson City, N.Y., …

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Harris Books $11 Million Falcon III Order with France

Harris (NYSE: HRS) booked $11 million in orders from the French Procurement Agency for Falcon III multiband manpack and handheld tactical radios. According to the firm, “under the orders, Harris will provide French forces with its AN/PRC-117G wideband networking radios, associated AN/VRC-114 vehicular amplifier adapters and other accessories.  The AN/PRC-117G …

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General Dynamics Snags Aegis Contract Modification

General Dynamics (NYSE: GD) secured an $11.2 million contract modification from the Navy to continue production of MK82 directors and MK200 director controllers for Aegis Combat System illuminators. According to the firm, “the MK 82 and MK 200 are critical components of the Aegis missile fire-control system’s illuminator.The Aegis Combat …

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Autodesk Closes Blue Ridge Numerics Purchase

Autodesk (NASDAQ:ADSK) completed its planned acquisition of Blue Ridge Numerics for $39 million in cash, The close of the deal is subject to a working capital adjustment. According to the firm, “the addition of Blue Ridge Numerics’ CFdesign software will enhance the Autodesk solution for Digital Prototyping with powerful thermal …

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Deltek Opens New Belgium Office

Deltek (Nasdaq: PROJ) is making the move to fortify its Belgian and Luxemburg markets by opening a new office in Diegem, Belgium. “Opening an office in Belgium is part of our European growth strategy, ” says Henk Jan Onstwedder, Managing Director, Deltek Belgium. “It is a logical step for us, …

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Northrop Picks James Mocarski to Lead EO/IR Targeting

Northrop Grumman (NYSE:NOC) named James B. Mocarski, vice president of Electro Optical/Infra Red Targeting Systems in the Electronic Systems sector. Mocarski will head up all EO/IR Targeting Systems program activities and business growth strategies. According to the firm, “Mocarski brings 22 years of knowledge and experience in product development, strategic …

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NetStar-1 Hires Pierre Monacelli to Head Management Consulting Ops

NetStar-1 has named Pierre Monacelli to the role of VP of operations for its Management Consulting Division. Monacelli, previously the president of the Government Services business at Robbins-Gioia, will oversee the firm’s contracts with federal clients. “As NetStar-1 grows, we will leverage our singular focus on management consulting services by …

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Lockheed Martin Wraps Up C4ISR Mission System Pallet Delivery

Lockheed Martin (NYSE: LMT) delivered the final C4ISR mission system pallet for the U.S. Coast Guard’s Medium Range Surveillance aircraft. The delivery was the ninth of the order under a $41 million deal awarded in 2008. “By collaborating closely with Coast Guard personnel throughout the process and incorporating their ideas …

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