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Tag Archives: Financial News

Red Hat Makes Aggressive Cloud Portfolio Move with Makara Acquisition

With the purchase of cloud computing specialist firm Makara, Red Hat (NYSE: RHT) has given a boost to its Cloud Foundations portfolio via an enhanced Platform-as-a-Service (PaaS) solution. “Cloud Foundations is about enabling customers and developers to have an easy on-ramp to the cloud, ” said Paul Cormier, president of …

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Capgemini Names Jai Venkat to Sales, Global Services Leadership Position

Capgemini has named Jai Venkat to the role of “chief portfolio sales officer and head of global services for the Technology Services business in North America.” Venkat will be tasked with leading an integrated global approach to sales and delivery in North America. Reporting to U.S. CEO Lanny Cohen, Venkat …

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Wyle Information Systems Group to Move to New McLean, VA HQ; Pres. Tom Anderson Remarks

Wyle’s Information Systems Group is set to move to a new headquarters early next year. The new facility will be located at 1600 International Drive in McLean, Va. “This is an exciting time at Wyle as we continue to evolve our business in the Washington, D.C., area, ” said Tom …

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Wednesday Wins: Boeing, NGC, Lockheed, Honeywell, Raytheon, URS Federal Claim Defense Deals

According to the Department of Defense, “Northrop Grumman (NYSE: NOC) was awarded a $34, 124, 505 contract modification which will provide for an extension on the maintenance and support of the Battlefield Airborne Communications Node payload in support of overseas contingency operations.  At this time, $10, 000, 000 has been …

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Lockheed Hires Former Aegis Missile Program Director Brad Hicks

Lockheed Martin (NYSE: LMT) has hired Brad Hicks to the position of VP, radar programs in the firm’s Mission Systems and Sensors (MS2) business. Hicks joins the firm from Monitor Group, where he worked as a consultant since retiring from the Navy.  He served as program director for the Aegis …

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SAIC Wins C4I Work with Navy Worth $42 Million

SAIC (NYSE: SAI) claimed a contract from the U.S. Navy Program Executive Office to provide C4I in support of the Command and Control Program Office with tactical data link  engineering and technical support. The deal carries a maximum value of $42 million with a one-year base term and four one-year …

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BAE Systems to Create Laser Warning Sensors for Military Aircraft

BAE Systems picked up a $17.7 million contract from Alliant Techsystems to produce defensive laser warning sensors for military aircraft. The work is part of a larger effort by the Navy to improve and overhaul airborne protection for domestic and foreign allied fleets. “With more than 16, 000 systems delivered …

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SRA Creating Federal iPad, iPhone Security Offering

SRA (NYSE: SRX) will team with smartphone security firm M.A.D. Partners to create a “range of services” to protect and secure government iPhones and iPads. M.A.D has developed technologies that lock down iPhones and iPads that SRA will use to provide iPhone, iPad and Android operating system security for federal …

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Raytheon Wins Work on $30 Billion FBI IT Deal; VP TW Scott Shares Thoughts

Add Raytheon (NYSE: RTN) to the list of firms working with the FBI on the bureau’s massive $30 billion IT overhaul project. The firm is the latest to win work on the eight-year Information Technology Supplies and Support Services (IT Triple S) ID/IQ. The firm will bid on a broad …

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Boeing, Northrop Grumman, Rolls-Royce Grab Defense Work

According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $6, 742, 025 firm-fixed-price delivery order against a previously issued basic ordering agreement (N68335-10-G-0012) for operational level peculiar support equipment in support of emerging EA-18G aircraft squadron stand-ups.  Work will be performed in St. Louis, Mo., and …

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