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Lockheed Martin (NYSE: LMT) signed an Air Force contract worth $107 million for further work on the Space Fence project. Space Fence is designed to increase situational awareness and safety for manned and unmanned space operations. Under the deal Lockheed Martin will further develop and prototype its ground-based radar system …
Read More »Leadership Shuffle at Unisys Federal; Ted Davies Comments
Unisys (NYSE: UIS) made a pair of new appointments to the company’s Federal Systems leadership team, and designated new roles for three members of the existing senior management team. According to the firm, “the organizational changes will place recognized industry experts in key leadership positions enhancing Unisys’ ability to help …
Read More »Raytheon, ATK Pick Up Army Deals
According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $59, 994, 017 cost-plus-fixed-fee contract. The award will provide for the support and sustainment, in all aspects, for the Rapid Aerostat Initial Deployment Legacy and Rapid Aerostat Initial Deployment Base Expeditionary Targeting and Surveillance Systems. Work will be …
Read More »BAE Systems Sets Sail with Navy Deals
According to the Department of Defense, “BAE Systems is being awarded a $13, 741, 686 modification to existing previously awarded contract (N00024-10-C-4308) for the USS Winston S. Churchill (DDG 81), fiscal 2011 dry-docking selected restricted availability (DSRA). A DSRA includes the execution of depot-level maintenance, alterations, and modifications that will …
Read More »ITT Rolls Out Fiscal Stats
ITT Corporation (NYSE: ITT) reported the following financial news: “2010 fourth-quarter revenue of $3 billion and income from continuing operations of $272 million, or $1.46 per share. Excluding special items, income from continuing operations was $253 million, or $1.36 per share, reflecting year-over-year growth of 42 percent. “For the full …
Read More »L-3 Prices Senior Note Offering
L-3 Communications (NYSE: LLL) reports the firm has priced an offering of $650 million of 4.95 percent Senior Notes due Feb. 15, 2021. L-3 intends to use the net proceeds from the offering, together with cash on hand, to redeem the company’s $650 million aggregate principal amount of 5⅞ percent …
Read More »Booz Allen Completes Debt Refinance
Booz Allen Hamilton (NYSE: BAH) finalized the refinancing of more than $1 billion of debt outstanding under its senior secured credit facilities and $222.1 million of debt outstanding under its mezzanine credit facility. According to the firm, “funds for refinancing the existing credit facilities came from cash on hand as …
Read More »CACI Notches Half-Billion Dollar AF Win; CEO Paul Cofoni Comments
CACI (NYSE:CACI) won a spot on the Air Force’s Network-Centric Solutions 2 (NETCENTS 2) Enterprise Integration and Service Management ID/IQ contract. The deal includes a ceiling value of $460 million and carries a three-year term with a pair of one-year-option periods. The firm will support engineering integration and service management …
Read More »General Dynamics’ Board Gives Thumbs Up to Share Repurchase
General Dynamics’ (NYSE: GD) board of directors voted to allow management to repurchase up to 10 million shares of the company’s issued and outstanding common stock on the open market. Check back with GovCon Wire as the story develops.
Read More »Wyle Subsid. CAS Pilots $80 Million Army Helicopter Deal
Wyle subsidiary CAS secured a contract worth $80.6 million to provide program support to the Army’s Utility Helicopter’s Project Manager’s Office. The five-year deal functions as a follow-on to Wyle’s express task order from the Army Aviation and Missile Life Cycle Management Command. The firm reported it will perform tasks …
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