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Tag Archives: market news

HP Sets New Goals, Hikes Dividend

HP (NYSE:HPQ) made known its goal for future annual dividend increases and announced the firm’s board of directors authorized a 50 percent increase of the regular quarterly dividend to $0.12 per share. According to the firm, “the amount of future dividend increases will be determined annually, but HP currently intends …

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Tom Kirchmaier Breaks Down General Dynamics’ New $40M IT Deal

General Dynamics (NYSE: GD) Information Technology won a $40 million task order under the Solutions for the Information Technology Enterprise contract in support of the Defense Intelligence Agency. The ID/IQ, single task order award carries a five year term if all options are exercised. Under the contract, the firm will …

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L-3 Picks Up Defense Logistics Deal

According to the Department of Defense, “L-3 Communications (NYSE: LLL) is being awarded a maximum $25, 899, 144 firm-fixed-price, sole-source, indefinite-delivery/indefinite-quantity, long-term contract with a five-year base period for replenishment coverage of helicopter systems.  There are no other locations of performance.  Using service is Army.  There was originally one proposal …

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Autodesk Closes Blue Ridge Numerics Purchase

Autodesk (NASDAQ:ADSK) completed its planned acquisition of Blue Ridge Numerics for $39 million in cash, The close of the deal is subject to a working capital adjustment. According to the firm, “the addition of Blue Ridge Numerics’ CFdesign software will enhance the Autodesk solution for Digital Prototyping with powerful thermal …

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Cisco Prices $4 Billion of Senior Secured Notes

Cisco Systems (NASDAQ: CSCO) released the following financial announcement: The firm “priced three series of senior unsecured notes for an aggregate principal amount of $4 billion. The offering is expected to close on March 16, 2011. “Of these notes, $2 billion will mature in March 2014 and will bear interest …

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Jim Sheaffer on CSC’s New Nine-Figure Navy Deal

CSC (NYSE: CSC) secured an agreement with the Navy to provide engineering and program support for the DDG 1000 Zumwalt Class Destroyer Program Office. The deal has a one-year base term and four one-year options for a potential total of $110 million. CSC will focus on engineering and program management …

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General Dynamics Books $200M Ammo Deal

General Dynamics’ (NYSE: GD) Ordnance and Tactical Systems business secured a deal from Marine Corps Systems Command for 120mm mortar ammunition in support of the Marine Corps’ Expeditionary Fire Support System. The ID/IQ deal carries a potential value of $198.7 million. “The EFSS ammunition is designed to maximize the precision …

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Iridium CEO Matt Desch Comments on Firm’s Financial Report

Iridium (Nasdaq:IRDM)  reported financial results for the fourth quarter of 2010, affirming its outlook for the full-year 2011. The firm listed fourth-quarter total revenue at $87.9 million, including $60.1 million of service revenue and $27.8 million of equipment and engineering and support revenue. Iridium noted that “total revenue grew 16 …

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GLOBAL Founder Damian Perl Comments on GTEC Sale

GLOBAL, the former owner of and largest shareholder in GTEC (NASDAQ: GTEC), indicated it would use the proceeds from the planned sale of GTEC to pursue other opportunities in the market. Ares and GTEC have a deal in place that would see the investment group acquire the firm for an …

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General Dynamics, BAE Systems Win DoD Work Orders

According to the Department of Defense, “General Dynamics (NYSE: GD) was awarded a $19, 830, 000 cost-plus-fixed-fee contract.  The award will provide for system technical support for the Abrams tank program.  Work will be performed in Sterling Heights, Mich., with an estimated completion date of Dec. 19, 2011.  One bid …

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