Archive: Business/Financial


Northrop Grumman Receives $95 Million Award For New DHS Biometric Database

After waiting out an unsuccessful protest, Northrop Grumman [NOC] said on Monday that it has received a 42-month, $95 million contract to develop the Department of Homeland Security’s (DHS) next-generation biometric identification services system. Northrop Grumman will be the systems developer and integrator for the Homeland Advanced Recognition Technology (HART) program, which replaces the current […]


Market Intelligence Firm Says GD, CSRA Deal Will Create Federal Technology Services Leader

The combination of General Dynamics [GD] with CSRA, Inc. [CSRA] will make it the market leader in Federal Technology Services based on business captured over the past four years, taking over for Leidos [LDOS], according to a new market intelligence report by the strategic advisory services firm Govini. “This blockbuster merger signals another power play […]


Knight Point Systems Receives Nearly $1 Billion Deal To Continue DoD Communications Support

The Department of Defense’s IT services agency has awarded Knight Point Systems a five-year contract extension worth nearly a billion dollars to continue supporting communication infrastructure services. Under the new deal, awarded Feb. 15, the Reston, Va.-based software company will provide hardware and software equipment for Defense Information Systems Agency’s (DISA) network communications support operations. […]

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR To Acquire SGT To Expand Government Services Business

KBR, Inc. [KBR] on Friday said it has agreed to acquire Stinger Ghaffarian Technologies, Inc. (SGT) in a $355 million deal that will expand its support for the federal government, and position it as a top tier services contractor at NASA. The deal is expected to close in early April. KBR said the acquisition will […]

CSDE logo

Telecom, IT Industry Leaders Form New Cyber Threat Solution Council

A group of major telecommunications and IT industry leaders officially launched a new council Friday aimed at finding new solutions for future cyber threats. Industry groups USTelecom and  the Information Technology Industry Council (ITI) will lead the new Council to Secure the Digital Economy (CSDE) and work to gather cross-sector expertise on mitigating software vulnerabilities […]

MotionDSP's software capabilities include video enhancement. Photo: MotionDSP

Cubic Acquires MotionDSP To Bolster C4ISR Business

Cubic Corp. [CUB] on Thursday said it has acquired the motion video processing company MotionDSP to strengthen its capabilities in the C4ISR area. Terms of the deal were not disclosed. Cubic said in a regulatory filing that it originally acquired a 49 percent stake in MotionDSP on Oct. 31, 2017, for $4.7 million. MotionDSP, which […]

Bell's new logo

Bell Drops ‘Helicopter’ From Name In Rebranding Effort

Bell Helicopter is rolling out a new rebrand campaign, dropping the “helicopter” from its name as it looks to broaden its flight innovation opportunities. The aircraft manufacturer Bell will continue the roll-out over the next year, which includes a new logo and a mission statement to broaden its business portfolio. “Bell has always been about […]

PTR's capabilities include cyber operations and research. Photo: PTR Group

Fulcrum IT Acquires Software Engineering Firm PTR Group

Fulcrum IT this week acquired the software engineering firm PTR Group, providing it with new capabilities and customers in the Defense Department. Terms of the deal were not disclosed. Fulcrum IT is a portfolio company of the private equity firm Boyne Capital, which partnered in 2010 with the private equity firm Grindstone Partners to acquire […]

An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Orbital ATK’s Earnings Dip In Fourth Quarter On Tax Bite

Orbital ATK [OA] on Thursday said its fourth quarter net income fell slightly due to a one-time tax charge although operating results overall were strong. The company didn’t host an investor call and the earnings report is likely the last before it is acquired by Northrop Grumman [NOC], which is expected to occur during the […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Tax Benefit Lifts Leidos In Fourth Quarter

Leidos [LDOS] on Thursday posted a hefty increase in net income in its fourth quarter squarely on the back of a one-time tax benefit whiles sales dipped slightly. Net income nearly doubled to $114 million, 74 cents earnings per share (EPS), from $59 million (39 cents EPS) a year ago, with the tax gain contributing […]