Archive: Business/Financial

Artist rendering of LHA 8 Bougainville amphibious assault ship. Huntington Ingalls said that increase volume on the Bougainville helped contribute to higher sales in the second quarter. Rendering by HII.

Pension Tailwind Drives Huntington Ingalls’ Profit Up In Second Quarter

Buoyed by a pension tailwind and strong operating profits in its Ingalls Shipbuilding and Technical Solutions segments, Huntington Ingalls Industries [HII] on Thursday posted solid earnings and sales in its second quarter. Net income rose 11 percent to $147 million, $3.21 earnings per share (EPS), from $133 million ($2.80 EPS) a year ago. Excluding the […]

ManTech logo

ManTech To Support DARPA’s Military Technology Office

The Defense Advanced Research Projects Agency (DARPA) has selected ManTech International Corp. [MANT] as the main support firm for its Strategic Technologies Office (STO) with a potentially $200 million multi-year contract announced Tuesday. ManTech will provide critical analysis and risk assessment for the DARPA office tasked with researching and developing military technologies, specifically Command, Control, Communications, […]

Symantec CEO Greg Clark. Photo: Symantec

Symantec Selling Website Security Solutions To DigiCert

Symantec [SYMC] and DigiCert Inc. on Wednesday said they have agreed to DigiCert acquiring Symantec’s website security and PKI solutions for $950 million in cash and a 30 percent stake in DigiCert, a deal that expands its talent and capabilities in website security. Utah-based DigiCert said the acquisition will allow it to take advantage of […]

Engility CEO Lynn Dugle. Photo: Business Wire

Engility Creates Centers Of Excellence Around Strategic Capabilities

Engility Holdings [EGL] on Wednesday said it is creating five new centers of excellence within the company to leverage its domain expertise in key strategic areas to strengthen its competitive position and better help its customers. The five Ennovation Centers, as Engility calls them, are in agile software development, artificial intelligence, cyber, high performance computing, […]

C360 camera and workstation connects directly into broadcaster's backhaul with multiple live HD-SDI outputs and EVS BEPlay systems for real-time panoramic video replays, and simultaneously streams to the OTT platform for VR and second screen applications. Photo: C360

Boeing’s Venture Unit Invests In Video Technology Firm

Boeing [BA] on Wednesday said its HorizonX venture unit has joined a group of other investors to provide capital to C360 Technologies, a company focused on video and augmented, virtual reality that Boeing believes would have applications in its commercial and defense products. Boeing said that C360’s video technology has potential aerospace applications in the […]

GSA logo

GSA Announces Primes For $50 Billion Telecommunications Contract

Ten companies were announced Tuesday as prime contractors for a massive 15-year, $50 billion contract from the General Services Administration (GSA) to provide comprehensive support for government-wide telecommunications systems and secure infrastructure services. The GSA selected AT&T [T], BT Federal Inc., Centurylink [CTL], Core Technologies Inc., Granite Telecommunications, Harris Corporation [HRS], Level 3 Communications [LVLT], […]

Paul Dillahay, president and CEO of NCI, Inc. Photo: NCI.

H.I.G. Capital’s Pending Acquisition Of NCI Clears Government Hurdle

NCI, Inc. [NCIT] on Monday said its pending sale to the private equity firm H.I.G. Capital has been granted early termination of the waiting period required under the Hart-Scott-Rodino antitrust law, clearing one condition of the acquisition. H.I.G. in early July agreed to acquire NCI for $283 million in cash. NCI, a federal information technology […]

logo (1)

Defense Electronics Services Company TSS Acquired By Private Equity Firm

The private equity firm Acorn Growth Companies on Monday said it has acquired defense electronics services company Telecommunications Support Services, Inc. (TSS), its first deal in the defense electronics segment. Terms of the transaction were not disclosed. Acorn’s portfolio consists of companies in the Aerospace and Defense sector. Florida-based TSS provides technical services globally for […]

Boeing will build and test three U.S. Army CH-47F Block II Chinook helicopters as part of a modernization effort that will likely bring another two decades of work to the company's Philadelphia site. (Boeing illustration)

Boeing Brings Block II Configuration To Chinook Under $276M Contract

Boeing [BA] brought home a $276 million contract to equip three CH-47 helicopters with power and lift upgrades the Army eventually plans for all of its F-model Chinooks. Under the engineering and manufacturing development (EMD) contract announced July 27, Boeing will remanufacture three Army CH-47Fs with Block II upgrades. Block II was designed to achieve […]