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Tag Archives: market news

FLIR Systems to Purchase ICx

ICx Technologies (Nasdaq GM:ICXT) is set to be acquired by FLIR Systems (Nasdaq:FLIR) via a cash tender offer, followed by a merger with a subsidiary of FLIR, for a price of $7.55 per share in cash. According to the firm, “ICx’s Board of Directors has unanimously approved the merger agreement …

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General Dynamics, SAIC Pick Up DoD Contracts

According to the Department of Defense, “General Dynamics (NYSE: GD) is being awarded a $115, 000, 000 modification to previously awarded contract N00024-09-C-2229 for long-lead time material and advanced design efforts for Ship 1 of the Mobile Landing Platform program.  Work will be performed in San Diego, Calif. (27.1 percent); …

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ITT, Lockheed Martin Book Navy Wins

According to the Department of Defense: “ITT (NYSE: ITT) is being awarded a $9, 838, 468 cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract for investigations of anomalies; software engineering; systems engineering; software and firmware maintenance; support tools and facilities maintenance; documentation; and hardware maintenance and upgrade software support for the electronic warfare jammers AN/ALQ-165 …

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CSC Presents Financial Stats

CSC (NYSE: CSC) noted the following results from first quarter fiscal 2011: “Revenue of $3.94 billion and fully diluted earnings per share (EPS) of $0.91 compared to first quarter fiscal 2010 Revenue of $3.90 billion and EPS of $0.85.” “I am pleased with our operational improvements and the corresponding financial …

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SRA CFO Rick Nadeau Comments on Financial Progress

Yesterday GovCon Wire reported on SRA’s recent financial success.  CFO Rick Nadeau shared his thoughts on his firm’s current stance and the future: “We had a second consecutive quarter of strong cash flow from operations, driven by further improvement in days sales outstanding, ”  Nadeau said. “We are focused on …

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Boeing Subsidiary Tapestry Pens Valuable Army Deal

Boeing (NYSE: BA) subsidiary Tapestry Solutions won a deal to provide field engineering services in support of development, operations and training for the U.S. Army’s Battle Command Sustainment Support System (BCS3) Total Logistics Support program. According to the firm, “the three-year contract, valued at up to $79 million, was awarded …

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SRA Fiscal Numbers Show Strong Growth; Stan Sloane Comments

SRA International (NYSE: SRX) reported estimate-beating growth in both earnings per share and revenues. The firm reported the following: “Net income increased to $20.9 million or $0.36 per share from $17.48 million or $0.30 per share a year ago.  Excluding special items, adjusted income would have been $21.15 million or …

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Peter LaMontagne on Paradigm’s Fiscal Announcement

Paradigm Holdings (OTCBB: PDHO) released the following financial information: “(The firm reported) revenues of $7.5 million, gross profit of $1.8 million with gross margin expansion of 196 basis points to 23.4%, and EBITDA of $0.5 million.” “Despite revenue levels that are consistent with the prior three quarters, we are pleased …

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Raytheon Notches Valuable Task Order

Raytheon Company (NYSE: RTN) won a task order to provide logistics support for the Battle Command Sustainment Support System (BCS3) under the Battle Command Development indefinite-delivery, indefinite-quantity contract. According to the firm, “this program includes an 11-month base period and two 12-month option periods through March 2013. The contract value …

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Raytheon Wins Two Contracts from Defense Department

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $59, 385, 135 modification to previously awarded contract (N00024-05-C-5346) for CVN 78 dual-band radar (DBR) common array power system (CAPS) and common array cooling system (CACS) efforts.  The purpose of this modification is to procure factory assembly, …

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