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Tag Archives: market news

Raytheon Inks Navy Deal

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $12, 296, 316 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract for AIM-9X integrated logistics support for the Navy, Air Force, and the governments of Singapore, Australia, Denmark, Finland, Turkey, South Korea, Saudi Arabia, Switzerland and Poland.  Work will be performed in …

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Raytheon Votes to Raise Dividend Payout

The board of directors at Raytheon (NYSE: RTN) approved an increase to boost the firm’s first annual dividend payout rate by 15 percent from $1.50 to $1.72 per share. According to the firm, “the board also authorized payment of a quarterly cash dividend of $0.43 per outstanding share of common …

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General Dyanmics Robotics Books Army Win

According to the Department of Defense, “General Dynamics (NYSE: GD) was awarded a $13, 641, 980 time-and-materials contract.  The award will provide for Phase II Joint Improvised Explosive Devices Defeat Organization’s program to develop remotely operated ground vehicle utilizing a roller to neutralize victim operated improvised explosive devices.  Work will …

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ManTech Hires Daniel Keefe to Lead Strategy for Tech. Services

ManTech (NASDAQ: MANT) has named Daniel J. Keefe senior vice president for strategic initiatives for the firm’s Technical Services Group. Keefe joins the firm from L-3 (NYSE: LLL), where he served as general manager of the firm’s MPRI division. He will oversee strategic initiatives and the group’s business relationships. TSG …

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Powerwave Names Richard Burns to Board

Powerwave (NASDAQ: PWAV) has named Richard Burns to the firm’s board of directors. Burns is a senior advisor at McKinsey & Co., and formerly served as president of network services for AT&T’s mobility division. “During his career, Richard has overseen significant wireless networking transitions, which makes him an excellent choice …

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Cisco Makes Financial History

The board of directors at Cisco (NASDAQ: CSCO) voted in favor of the initiation of quarterly cash dividends to shareholders, a first in the history of the firm. The first quarterly dividend is listed at 6 cents per common share to be paid on April 20, 2011, to all shareholders …

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Details for HP Stockholder Meeting Announced

HP (NYSE:HPQ) announced plans for a live audio webcast of the firm’s stockholder meeting next week in Arlington, Va. The meeting is scheduled for Wednesday, March 23, at 2 p.m. EST. For those who cannot attend the event, the firm will webcast the event at www.hp.com/investor/stockholdermeeting2011/webcast

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General Dynamics Secures Spot on $260 Million Army Deal

General Dynamics (NYSE: GD) secured a spot on the Army’s Combined Arms Center Fort Leavenworth Support Services program ID/IQ. The deal carries a potential value of $260 million over five years for all awardees. According to the firm, “General Dynamics will provide support for key Army training programs across 18 …

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Northrop Grumman Donates $1 Million to Japan Efforts

The Northrop Grumman (NYSE: NOC) Foundation has announced it will provide up to $1 million to relief efforts in response to last week’s earthquake and tsunami in Japan. According to the firm, “the foundation will contribute $500, 000 through three agencies supporting the Japan recovery effort: AmeriCares, American Red Cross …

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EMS to Provide L-Band Communications for Iridium NEXT

EMS Technologies (NASDAQ: ELMG) reached an agreement to provide L-band communications hardware for Iridium’s new constellation of low-earth orbiting cross-linked satellites, Iridium NEXT. “Iridium has enjoyed a longstanding relationship with EMS as a technology partner and reseller of Iridium to its aviation customers. We’re pleased to extend that relationship with …

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