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Tag Archives: Financial News

BAE Systems Secures Spot on $650 Million Security Services Vehicle

BAE Systems won a spot on a $650 million security services ID/IQ deal with the U.S. Army Corps of Engineers. The firm, along with four other awardees, will bid for task orders over the next five years. The company will focus on services including design, engineering, installation and ongoing maintenance. …

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General Dynamics, Thales Australia Reach Decade-Long Partnership Deal

General Dynamics (NYSE: GD) Ordnance and Tactical Systems and Thales Australia reached an agreement on a 10-year strategic teaming deal for work in the Australian Ordnance market. According to Thales, “the agreement formalizes many years of close cooperation between Thales and General Dynamics, cements Thales’s ability to deliver domestic munitions …

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ITT Makes Financial Announcements

ITT (NYSE: ITT) released the following statement: The firm’s board of directors “declared a cash dividend of $0.25 per share for the first quarter of 2011. This cash dividend will be payable on April 1, 2011 to shareholders of record on March 2, 2011. “The board of directors has also …

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Financial Announcement from Honeywell

Honeywell (NYSE: HON) released the following financial announcement: The firm “is exercising its option to redeem the entire outstanding principal amount of its 5.625% Notes due 2012 (CUSIP No. 438516AV8 / ISIN No. US438516AV85) of which an aggregate principal amount of $183, 580, 000 are outstanding. “The redemption date will …

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General Dynamics Secures Defense Work

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded an $11, 126, 773 firm-fixed-price modification to existing previously awarded contract (N00024-10-C-5141) for the production of Aegis gun and guided missile directors (MK82 Mod 0) and Aegis Director Controllers (MK 200 Mod 0).  The MK 82 director …

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Lockheed Martin Books Navy Win

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $21, 867, 788 modification to a previously awarded firm-fixed-price contract (N00019-10-C-0092) to exercise an option for the procurement of 7, 665 enhanced laser guided training round Paveway II units for the Navy (7, 217) and the …

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Cisco Names Gary Moore COO

Cisco (NASDAQ: CSCO) named Executive VP Gary Moore to the role of chief operating officer, a new position at the firm. “Gary is a seasoned and trusted leader who consistently delivers results. He is uniquely qualified to drive strategic prioritization and accountability within Cisco, with a laser-focus on operational excellence, ” …

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Lockheed Martin Sells PAE Business

Lockheed Martin (NYSE: LMT) has reached an agreement to sell its Pacific Architects and Engineers Incorporated business to Lindsay Goldberg, LLC. “Our decision to divest PAE followed a comprehensive review of our portfolio to find ways to continuously provide the best, most affordable solutions for our customers, a secure future …

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Financial News from SAIC

SAIC (NYSE: SAI) released the following financial statement: The firm “will issue its fourth quarter and fiscal year 2011 earnings press release after close of market Wednesday, March 23, 2011. Management will discuss the financial results in a conference call beginning at 5 p.m. EST. “Interested parties may listen to …

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ManTech Wins Deal to Fight Drugs in Colombia

ManTech (NASDAQ:MANT) booked a task order to support operations of the U.S. Military Group Colombia and the AFSOUTH Air Operations Coordination Cell in Colombia. The award falls under the Strategic Services Sourcing prime contract and is valued at $6.2 million, with a base year and a pair of option years. …

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