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Tag Archives: Financial News

L-3 Reaches Extension with NASA

L-3 (NYSE: LLL) signed a contract modification with NASA worth $49 million. The firm supports simulation and software technology operations for Johnson Space Center’s Software, Robotics and Simulation Division.  L-3 is focused on design, development, testing and operations of intelligent systems, robotic systems, spacecraft flight software systems and real-time simulation …

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Thursday DoD Winners Include Raytheon, Northrop Grumman

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $41, 989, 171 contract modification for the Solid Rocket Motor (SRM) warm line fiscal 2011 production requirement.  With the completion and shutdown of the Propulsion Replacement Program (PRP), Congress expressed the desire to maintain the critical skills …

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L-3 Books Pair of Navy Contracts

According to the Department of Defense, “L-3 (NYSE: LLL) is being awarded a $7, 808, 660 modification under previously awarded contract (N00024-07-C-6223) for the production and support of TB-34 fat line towed array.  The system significantly contributes to the capability of submarines to detect, localize and prosecute undersea threats and …

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CACI Raises Guidance amid Fiscal Results

CACI (NYSE: CACI) reported second quarter fiscal year 2011 net income of $33.2 million, or $1.08 diluted earnings per share. According to the firm, “net income increased 27.6 percent over net income of $26.1 million, or $0.85 diluted earnings per share, for the same period of fiscal year 2010. Revenue …

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ATK Rolls Out Financial Stats

ATK (NYSE: ATK) outlined its financial results for the third quarter of FY 2011, ending Jan. 2, 2011. The company reported quarter sales of $1.1 billion – relatively flat with the prior-year quarter – boosted by strong sales in the Armament Systems group and Security and Sporting group – up …

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Raytheon Wins P-8A Deal from Boeing

Boeing (NYSE: BA) awarded Raytheon (NYSE: RTN) a deal for development of six long-range, multimission maritime and overland surveillance radars for the P-8A Poseidon aircraft. “Our APY-10 radar will provide Boeing with advanced technology built on generations of successful Raytheon radar systems, ” said Tim Carey, vice president for Intelligence, …

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MAXIMUS CEO Richard Montoni Breaks Down Firm’s Fiscal Figures

MAXIMUS (NYSE: MMS) issued the following financial announcement: “Revenue for the fiscal 2011 first quarter increased 5.3 percent  (3.6 percent on a constant currency basis) to $214.1 million versus $203.3 million reported for the same period last year. Revenue growth was driven by the international employment services businesses in Australia …

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Bill Gates Delivers Message at USGLC Dinner

Bill Gates delivered an address at a dinner held by the U.S. Global Leadership Coalition honoring former Secretary of State Madeleine Albright and former Department of Homeland Security Tom Ridge. The event was co-chaired by Deloitte’s Robin Lineberger. Albright and Ridge co-chair the group’s “Putting Smart Power to Work” campaign. …

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Vangent Wins $95 Million Army Subcontract from Pragmatics; CEO Mac Curtis Comments

Vangent secured a $95 million subcontract from Pragmatics to assist work on the Army’s Classroom XXI Enterprise Classroom Program. The company will oversee the design, installation and integration of a learning technology infrastructure aimed at the “standardization, interoperability, scalability, and sustainability of classrooms in the Army’s Training and Doctrine Command …

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Lockheed Marches to Army Contract Win

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) was awarded an $18, 086, 000 cost-plus-fixed-fee contract.  The award will provide for PATRIOT Advanced Capability-3 software modernization development for the United Arab Emirates.  Work will be performed in Grand Prairie, Texas, with an estimated completion date of Aug. 31, …

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