Archive: Business/Financial

Aerial view of Los Alamos National Laboratory. Photo: LANL

Lawmakers Lay Out Concerns About LANL Contract Competition

Not long after locals did the same, all members of New Mexico’s congressional delegation said this week they have concerns about the Energy Department’s plan for the next national laboratory contract in northern New Mexico. In a list of six concerns over the next decade-spanning management and operations contract at the Los Alamos National Laboratory […]

3rd Special Operations Kandak in Maiwand District

Lockheed Locks Up $8 Billion Global Special Ops Support Contract

Lockheed Martin [LMT] last Friday took home an $8 billion contract order on a large indefinite-delivery, indefinite-quantity (IDIQ) contract to provide Special Operations Command (SOCOM) with global logistics support. As incumbent, Lockheed carried the competition for global logistics support services (GLSS) from four other competitors for the rebid. Lockheed holds the initial GLSS contract awarded in […]

iStock Computer

ManTech Nabs Potential $450 Million Enterprise Services Award From NASA

NASA has awarded ManTech International [MANT] a potential 10-year $450 million contract to provide a range of enterprise services for the agency’s Jet Propulsion Laboratory (JPL). The incumbent for the work had been Leidos [LDOS], which took charge of the contract when it acquired a former business segment of Lockheed Martin [LMT] last August. Lockheed […]

H.I.G. Deal For NCI Expected To Close Today

The private equity firm H.I.G. Capital on Monday said it expects its $283 million cash acquisition of NCI, Inc. [NCIT] will close on Tuesday having successfully completed its $20 per share tender for the company’s shares over the weekend. Once the acquisition is completed, NCI will become privately held and its stock will cease trading […]

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Jacobs Technology Wins $4.6 Billion MDA Contract For Support And IT Work

Note: This article was updated on Aug. 11 with industry comments. The Missile Defense Agency (MDA) awarded Jacobs Technology Inc. a potential $4.6 billion support contract, the Defense Department announced Wednesday. DoD noted that the task orders under the indefinite-delivery, indefinite-quantity contract will predominantly be cost-plus-incentive-fee and fixed-price incentive. MDA also issued a $4.3 million fixed-price […]

Aish Technologies low signature impressed current cathodic protection technology is installed on the Royal Navy's Astute-class nuclear attack submarines. Photo: Aish

J.F. Lehman Acquires Rugged Electronic Systems Supplier Aish Technologies

The private equity firm J.F. Lehman & Company last Thursday said its portfolio company AGI Holdings has acquired United Kingdom-based Aish Technologies Limited, a provider of electronic equipment used in harsh environments. Terms of the deal were not disclosed. Aish makes ruggedized display systems, cathodic protection systems, and other subsystems for the U.K. and U.S. […]

Orbital ATK's Orbital Boost Vehicle interceptor for the U.S. Missile Defense Agency's Ground-based Midcourse Defense program. The company supported at test of the system during the second quarter with flights of the interceptor and a ICBM target vehicle. Photo: Orbital ATK

Income Dips, Sales Rise At Orbital ATK In Second Quarter

Orbital ATK [OA] on Thursday posted lower earnings despite higher sales but the company said its tracking at or ahead of plan this year, leading it to raise its guidance for 2017. Net income fell 4 percent to $87.1 million, $1.51 earnings per share (EPS), from $90.7 million ($1.55 EPS) a year ago, driven by […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Acquisition Lifts Leidos In Second Quarter; Guidance Increased

Leidos [LDOS] on Thursday posted higher sales and earnings in its second quarter driven the acquisition last year of a former Lockheed Martin [LMT] segment, improved operating results and a lower than expected tax rate. The acquisition of the Information Systems & Global Solutions (IS&GS) business in the 2016 third quarter drove the entire sales […]