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Tag Archives: nyse news

Northrop Grumman Enters $1 Billion Deal with Goldman Sachs

Northrop Grumman (NYSE: NOC) announced that it has entered into a $1 billion accelerated share repurchase agreement with Goldman, Sachs & Co. “This transaction will immediately reduce outstanding shares by approximately five percent and demonstrates our continued commitment to value creation through effective cash deployment, ” CEO Wes Bush said. …

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Harris Opens New Tampa Office

Harris (NYSE: HRS) opened its new facility in Tampa, Fla. in support of its customers within the U.S. Department of Defense and national intelligence programs in the region. “This facility demonstrates Harris’ commitment and long-term dedication to our customers in the Tampa region and support to our military around the …

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ATK Wins $110 Million Deal from Lockheed Martin

ATK (NYSE: ATK) won a $110 million contract from Lockheed Martin (NYSE: LMT) to produce composite components for low rate initial production (LRIP) Lots 5 through 9 of the F-35 Lightning II – Joint Strike Fighter. According to the firm, “the contract includes production of multiple components through the LRIP …

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Monday DoD Winners Include BAE Systems, Boeing

According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $10, 416, 308 modification to a previously awarded firm-fixed-price contract (N00019-09-C-0020) to exercise an option for the procurement of hardware and support associated with the T-45 Required Avionics Modernization Program.  This procurement of 30 T-45 retrofit kits …

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Lockheed Inks Defense Work

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $6, 553, 613 cost-plus-award-fee contract modification to incorporate the operational flight program 3.5.3 Phase 2 into the C-5 Reliability Enhancement and Reengining Program contract.  At this time, $6, 553, 613 has been obligated.  Work will be …

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Raytheon Wins DoD Deal

According to the Department of Defense, “Raytheon (NYSE: RTN) is being awarded a $22, 654, 214 firm-fixed-price contract for logistical support of the Multispectral Targeting Systems for the Predator/Reaper program.  At this time, $22, 654, 214 has been obligated.  Work will be performed in McKinney, Texas.  ASC/WIIK, Wright-Patterson Air Force …

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SAIC Secures Air Force Work

According to the Department of Defense, “SAIC (NYSE: SAI) is being awarded a maximum $85, 000, 000 indefinite-delivery/indefinite-quantity contract to provide engineering and technical services to support Air Force Operational Test and Evaluation Center in accomplishment of operational test and evaluation activities.  At this time, $500, 000 has been obligated.  …

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SAIC Lands $21 Million USDA Contract

SAIC (NYSE: SAI) booked a prime contract with the U.S. Department of Agriculture, Forest Service to “provide the expertise, technical knowledge, and staff support for a Comprehensive Robust Information Security program designed to safeguard information entrusted to the Forest Service.” The deal carries a one-year base term, a pair of one-year …

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ATK Schedules Financial Call

ATK (NYSE: ATK) will webcast its investor conference call on fiscal year 2011 financial results on May 5. The call will be held at 10 a.m. EDT and will include CEO Mark DeYoung.  

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General Dynamics Books $1.2 Billion in Sub Funding

General Dynamics (NYSE: GD) Electric Boat secured $1.2 billion in funding from the Navy to cover the construction of the 14th Virginia-class submarine, SSN-787. According to the firm, “the release of the funding allows procurement of long lead-time components that will support the planned official construction start later this year …

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