Tag Archives: Financial News

Financial Announcement from L-3

L-3 Communications’ (NYSE: LLL) board of directors approved an increase to the regular quarterly cash dividend 12.5 percent from $0.40 to $0.45 per share. According to the firm, “this is the seventh consecutive annual increase in L-3’s quarterly dividend rate. The board has also declared the next dividend payable on …

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Raytheon Hits JLENS Milestone

Raytheon’s (NYSE: RTN) Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System program hit a milestone when it successfully transmitted from an elevated aerostat. “This milestone demonstrates another step in the maturing of our JLENS program as a game-changing capability for our warfighters to detect and defend against cruise …

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CSC Financials Released; CEO Michael Laphen Comments on Public Sector Situation

CSC (NYSE: CSC) announced the firm’s third-quarter fiscal 2011 revenue stood just a hair above $4 billion coming in ahead of third-quarter fiscal 2010 revenue of $3.95 billion. “Our revenue growth of 1.4 percent (2.1 percent constant currency) reflects year over year growth within all of our business sectors, ” …

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BAE Systems, General Dynamics Sail to Navy Wins

According to the Department of Defense, “BAE Systems is being awarded a $9, 393, 974, indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee, cost-plus-incentive-fee contract for Link 16 Software In Service Support for the Joint Program Executive Office, Joint Tactical Radio System (JTRS) Network Enterprise Domain. Support efforts include technical support, software maintenance/upgrades, and enhancements to …

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Boeing, Northrop Grumman Snag DoD Deals

According to the Department of Defense, “Boeing (NYSE: BA) was awarded a $23, 127, 911 contract modification, which will procure various test assets and hardware for aircraft integration efforts for the F-16 Block 40/50, F-22, F-35, and the Small Diameter Bomb Increment I programs.  At this time, the entire amount …

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ICF VP Mary Whitley on Firm’s Upcoming VA Work

ICF International (NASDAQ:ICFI) secured a deal via HPTi to support the Department of Veterans Affairs. The deal carries a value of $10 million with a base year and four option years. ICF will focus on advanced voice-recognition applications, enhanced web self-service tools, and integrated desktop interfaces for VA public contact …

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AMERICAN SYSTEMS Promotes 4 to Lead Division; CEO Bill Hoover Comments

AMERICAN SYSTEMS promoted four employees to serve as vice president overseeing four individual business divisions. Roger Connell will become vice president, Custom Analytical Solutions within the Custom Engineering, Development, and Integration Directorate; while Kevin Dodge is set to serve as vice president and director, Science and Technology Integration Center Directorate. …

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SRA CFO Rick Nadeau Comments on Financial Figures

SRA International (NYSE: SRX) reported operating results for the second quarter of fiscal year 2011, which ended Dec. 31, 2010. The firm listed revenue for the quarter was $434.8 million, up 5.3 percent from the December 2009 quarter. According to SRA, “income from continuing operations was $19.8 million, for a …

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Lockheed Martin Books $340 Million Navy Option

Lockheed Martin (NYSE: LMT) picked up a $339.6 million option from the Navy for the fifth satellite in the Mobile User Objective System constellation. MUOS will replace the current Ultra High Frequency Follow-On  system and provide assured communications, including simultaneous voice, video and data, for mobile warfighters. “MUOS will provide …

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L-3 Issues Redemption Notice

L-3 (NYSE: LLL)  has initiated a full redemption of its outstanding $650 million 5⅞ percent Senior Subordinated Notes due in 2015. According to the firm, “the Notes will be redeemed on March 9, 2011, at a redemption price of 101.958 percent of the principal amount thereof, plus accrued and unpaid …

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