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Tag Archives: market news

Raytheon Wins Lucrative Deal with Special Operations Command

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $48, 000, 000 maximum value, indefinite-delivery/ indefinite-quantity contract to provide life cycle contractor support for sustainment of the Forward Looking Infrared Radar System and Electro-Optical Sensor System in support of U.S. Special Operations Command, Technology Applications Program …

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Cisco Closes Pari Networks Acquisition

Cisco (NASDAQ: CSCO) completed its acquisition of Pari Networks, a private firm focused on network configuration and change management. The Calif.-based firm will become part of Cisco’s Technical Services. According to Cisco, “Pari Networks brings to the firm an industry-leading team of engineers that will continue to build out and …

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Financial Announcement from Oracle

Oracle (NASDAQ: ORCL) released the following financial statement: The firm’s “third quarter fiscal year 2011 results will be released on Thurs., March 24, after the close of the market. Oracle will host a conference call and live web broadcast at 2:00 p.m. PST to discuss the financial results. The live web broadcast …

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Raytheon Wins Helicopter Work with Navy

Raytheon (NYSE: RTN) won a $50 million contract to deliver 50 AAS-44C(V) Multi-Spectral Targeting Systems for the Navy’s MH-60R and MH-60S helicopters. According to the firm, “This airborne forward looking infrared targeting system provides video imagery that helps soldiers, intelligence analysts and commanders in the field make critical operating decisions.” …

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L-3 Makes Financial Announcement

L-3 Communications (NYSE: LLL) released the following financial statement: The firm “has adjusted the conversion rate for its 3 percent convertible contingent debt securities due 2035 (CUSIP numbers: 502413AW7 and 502424AE4; ISIN numbers: US502413AW73 and US502424AE49) in connection with the regular quarterly dividends of $0.40 per share of the company’s …

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Harris Makes Fiscal Move

Harris (NYSE: HRS) released the following statement: The firm’s board of directors “declared a quarterly cash dividend of  25 cents per share on the common stock, payable March 17, 2011 to shareholders of record March 7, 2011.”

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Lockheed Looks for Partners Down Under

Lockheed Martin (NYSE: LMT) issued a request for information from potential partners the firm could connect with to bid for work on Australia’s MH-60R helicopter. After signing the Global Supply Chain Deed, the firm is looking to establish long-term partnerships with Australian companies. “Growth in orders for the MH-60R has …

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VSE Corp. Rolls Out Financial Figures, Seeks Continued Growth of Core Capabilities

VSE Corporation (Nasdaq: VSEC) reported revenues for the fourth quarter of 2010 were $212 million compared to $256 million in the fourth quarter of 2009 and revenues in 2010 were $866 million, compared to $1.015 billion in 2009. “This year was once again distinguished by significant headwinds best characterized by sluggish …

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Boeing Cleared for Takeoff with $35 Billion KC-X Tanker Project

The Department of Defense named Boeing (NYSE: BA) the winner of the $35 billion KC-X Tanker contract issued by the Air Force. The firm plans to use the KC-767 aircraft for the project. The first contract awarded carries a value of $3.5 billion calls for the delivery of 18 aircraft …

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IAP Worldwide Wins Defense Work

According to the Department of Defense, “IAP Worldwide Services was awarded a $60, 000, 000 cost-plus-award-fee contract.  The award will provide installation support services for the National Training Center, Fort Irwin, Calif.  Work will be performed in Fort Irwin, Calif., with an estimated completion date of June 30, 2012.  The …

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