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Tag Archives: Financial News

Harris Secures $19.9 Million Radio Order from Army

Harris (NYSE: HRS) won a $19.9 million order from the U.S. Army to provide Falcon II AN/VRC-104(V)(3) radio systems to provide high-frequency communications in multiple variants of Mine Resistant Ambush Protected vehicles. According to the firm, “the AN/VRC-104 is a fully integrated communications system that includes the Falcon II AN/PRC-150(C) …

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TASC Improves Cash Flow with Refinanced Credit Facility

TASC has amended its current senior secured credit facility worth $675 million, consisting of “a term loan of $575 million and a revolving line of credit of $100 million.” “TASC is pleased to have lowered the interest rate obligations and improved our cash flow, ” CFO Wayne Rehberger said. “With …

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NetApp Schedules Financial Release

NetApp (NASDAQ: NTAP) will announce financial results for the fourth quarter and fiscal year 2011, following the close of the market on May 25. According to the firm, “NetApp executive management will host a conference call with the financial analyst community at 2:00 p.m. PST to provide their perspective on …

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General Dynamics Snags Navy Deal

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded an $18, 800, 000 cost-plus-fixed-fee modification to previously awarded contract (N00024-06-C-2303) for additional class services associated with the detail design and construction of the Zumwalt-class (DDG 1000) destroyer.  This work will provide technical and industrial engineering in …

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Harris Promotes Jim Traficant to President of Healthcare Solutions

Harris (NYSE:HRS) promoted Jim Traficant to the position of president, Harris Healthcare Solutions. He was previously vice president and general manager of the business. “Under Jim’s leadership, our Healthcare Solutions business has grown significantly. Harris has established a leadership position in federal healthcare IT integration and has made acquisitions that …

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MAXIMUS Sees Positives in New Report

MAXIMUS (NYSE: MMS) reported revenue for the fiscal 2011 second quarter was up 11 percent to $227.1 million compared to $204.4 million reported for the same period last year. “We generated very strong results for the period and made measurable progress on several key initiatives, including the expansion of our …

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HP Enterprise Wins $700 Million Deal with San Diego

HP Enterprise Services reached a deal with the County of San Diego to oversee the $700 million IT Outsourcing contract. According to the firm the deal will “strengthen the county’s technical stability, reduce IT spend and introduce innovative technologies to better serve residents and employees.” “Local governments work hard to …

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Iridium Picks Thomas Hickey to Lead Legal Efforts

Iridium Communications (NASDAQ: IRDM) has hired Thomas D. Hickey to the role of chief legal officer. Most recently, Hickey served as general counsel and corporate secretary at Primus Telecommunications Group. “Tom is a seasoned executive with a strong legal and management background in helping to grow innovative companies in the …

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LMI Inks $47 Million BPA from Army

LMI has been awarded a $47 million contract to support the Office of the Deputy Chief of Staff of the Army, G-4 (Logistics). The four-year BPA covers policy development and analysis, resource analysis, strategic planning and readiness, and process assessment and improvement. According to the firm, “LMI is the prime …

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PEO, BRAC Work Spur Growth for NCI

NCI (NASDAQ: NCIT) announced first quarter 2011 revenue of $150.2 million, all organic, an increase of 31 percent over first quarter 2010 revenues of $115.0 million. According to the firm, “the year-over-year increase in revenue was attributable primarily to growth in the Army Program Executive Office Soldier and Base Realignment …

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