Tag Archives: nasdaq news

GTEC’s John Hillen Signs Off on Signature Government Solutions Acquisition

Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has agreed to acquire  Signature Government Solutions, LLC (SGS) at a cost of $52.5 million. SGS delivers sophisticated information technology, cybersecurity and intelligence analysis services to the Intelligence Community.   The Herndon, Va.-based firm generated $37 million last year and  boasts a 100-percent …

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Global Crossing Purchases Video Solution Provider Genesis Networks

Global Crossing (Nasdaq: GLBC) has acquired global video services provider Genesis Networks, a firm specializing in media and video-based solutions. Global Crossing paid out a total of nearly $27 million, including $15 million in connection with the repayment of existing debt. “The proliferation of HD and 3-D video will soon …

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NCI Makes Fiscal Move

NCI’s (NASDAQ:NCIT) board of directors gave a collective thumbs-up to a share repurchase program of up to $25 million of the firm’s outstanding common stock. “We are pleased to announce a share repurchase program, ” CEO Charles Narang said. “We believe that the current trading range of NCI’s stock price …

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ManTech Grabs Spot on $30 Billion FBI Deal

ManTech (NASDAQ: MANT) won a position on the massive $30 billion Federal Bureau of Investigation (FBI) IT overhaul. The ID/IQ includes a base year and seven option years, with a potential value of $30 billion for all awardees. “ManTech has a long-standing history of providing high-quality, comprehensive technology and cybersecurity …

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Can You Hear Me Now?: ManTech to Work on Cell Communications in Afghanistan

ManTech International (NASDAQ: MANT) won a contract from the U.S. Army to support an Expeditionary Cellular Communications Service (ECCS) in Afghanistan. According to the firm, “ManTech will design, build and maintain an integrated communications system that will provide continuous cell phone coverage for operational forces in Afghanistan. The solution will …

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Former DynCorp CEO Bill Ballhaus Named to Board at GeoEye

GeoEye (Nasdaq: GEOY) has named Bill Ballhaus to its board of directors. The move follows the completion of GeoEye’s financing arrangement with Cerberus Capital Management for financing to help the firm’s bid for the National Geospatial-Intelligence Agency’s (NGA) EnhancedView program. In August, NGA awarded the company a major contract under …

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Powerwave’s Jake MacLeod to Moderate MILCOM Panel on Wireless Networks

Powerwave Technologies (NASDAQ:PWAV) VP, Government Solutions Business Unit, Jake MacLeod has put together and will moderate a panel at 2010 Military Communications Conference (MILCOM) on “Future Government Use of Commercial Wireless Networks.” MILCOM is a conference focused on military communications, and features participants from government, military, industry and academia. According …

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Symantec Pulls Back Curtain on Financial Numbers

Symantec (NASDAQ: SYMC) released results for the second quarter of fiscal year 2011. “I am pleased with the execution in the quarter, in particular the strong performance in backup and archiving and continued momentum in hosted services and data loss prevention. In addition, we saw growth in the public sector, …

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ManTech Presents Solid Financial Report: CEO George Pedersen Remarks

ManTech (NASDAQ: MANT) has released fiscal figures for the third quarter. “In the third quarter of fiscal year 2010, we continued our strong growth trajectory, ” CEO George J. Pedersen said. “Our outstanding bookings in the quarter position us well for sustaining growth in fiscal year 2011 and beyond. Bookings …

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BAE-Northrop Ground Combat Vehicle Team Adds iRobot

BAE Systems and Northrop Grumman (NYSE: NOC) picked iRobot Corp. (NASDAQ: IRBT) for inclusion on the firms’ Ground Combat Vehicle (GCV) team as they prepare a bid for an Army GCV deal. “The addition of iRobot to our team strengthens and promotes the unmanned components of the GCV program, ” …

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