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Tag Archives: Financial News

General Dynamics Picks Up $177 Million Army SSA Contract

General Dynamics (NYSE: GD) Information Technology won a deal from the U.S. Army to oversee “supply support activity” in Kuwait. The work carries a maximum value of $177 million over five years. “Given the extremely fluid and dynamic operational environment in the region, execution of this contract will require close …

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Iridium CEO Matt Desch Breaks Down Firm’s Network Quality Guarantee Program

Iridium Communications (Nasdaq: IRDM) has signed an agreement with 17 service partners, securing their participation in the Iridium’s Network Quality Guarantee program. According to the firm, “the Iridium Network Quality Guarantee promises complete network availability for customers purchasing new Iridium satellite phones and airtime service.” “Our decision to expand our …

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BAE Systems Signs F-35 Mission-Planning Software Deal; Cyber Lead John Lewington Remarks

BAE Systems picked up a contract to continue providing the F-35 Joint Strike Fighter’s secure operating system that runs the aircraft’s mission-planning software. The contract carries a value of $3.8 million. According to the firm, “the company’s operating system collects data at different security levels and is used by the …

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John Lambeth Joins QinetiQ NA as CIO; COO Mike Stolarik Comments

QinetiQ North America hired John Lambeth to serve as chief information officer. Lambeth, the former VP of technology solutions at Blackboard, will lead strategic development of the firm’s IT capabilities and management of its IT network infrastructure. “John Lambeth has a strong track record of success in leading strategic IT …

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Northrop Grumman Names Jennifer McGarey Corp. VP, Secretary

Northrop Grumman’s (NYSE: NOC) board of directors elected Jennifer C. McGarey to the position of corporate vice president and secretary. She will report to General Counsel Sheila C. Cheston. “I am delighted to welcome Jennifer McGarey to our leadership team, ” Cheston said. “Her experience as a corporate secretary, as …

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Lockheed Martin Sails into Weekend with Navy Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded an $83, 815, 466 cost-plus-incentive-fee contract to design and manufacture hardware for the Acoustic Rapid Commercial-Off-The-Shelf Insertion (A-RCI) system improvement and integration program.  The contract provides funding for the development and production of the A-RCI and common …

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ATK Releases Financial Announcement Plans

ATK (NYSE: ATK) released the following financial information: “[The firm] will webcast its investor conference call on fiscal year 2011 third quarter financial results, which will be announced Feb. 3, prior to the opening of the market. In addition to discussion of the quarterly results, the company may discuss its …

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NetApp Agrees to Acquire Akorri Networks

NetApp (NASDAQ: NTAP) has an agreement in place to acquire Massachusetts-based Akorri Networks. Terms of the all-cash transaction were not disclosed. Akorri provides data center management software focused on performance capacity analytics for virtualized, shared IT infrastructures. “The ability to accurately predict and manage performance and capacity requirements has been …

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Harris Radios Back $300 Million International Contract

Harris (NYSE: HRS) signed a multiyear deal worth more than $300 million with an “international customer” to provide military radios and equipment as part of a tactical communications modernization effort. According to the firm, “in the initial phase of the contract, involving orders greater than $100 million, Harris will provide …

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Lockheed Martin Signs C4ISR Deal with Coast Guard

Lockheed Martin (NYSE: LMT) picked up a $66 million contract to provide the C4ISR system for the United States Coast Guard’s fourth National Security Cutter. According to the firm, “the C4ISR system will provide the 418-foot NSC 4 with comprehensive, real-time situational awareness, commonality and interoperability with other government agencies …

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