Archive: Business/Financial

Boeing Gains $49 Million Contract For Laser R&D, Testing

The Air Force has awarded Boeing [BA] a $49 million contract for laser technology development. The Laser Application Support and In-house Research and Development (LASIR) contract calls for Boeing to support research, design, development and testing at the Air Force Research Laboratory sites at Kirtland Air Force Base in Albuquerque, N.M. Specific efforts will include: […]

Northrop Grumman, Oshkosh Add Plasan To JLTV Effort

By Ann Roosevelt Northrop Grumman [NOC] and Oshkosh Corp. [OSK] Feb. 20 announced they have selected Israel’s Plasan, a leading developer and manufacturer of add-on armor systems for the military and commercial market, to assist with the design and engineering of the armor for the Joint Light Tactical Vehicle (JLTV) program. The Defense Department plans […]

SI International’s Fourth Quarter Earnings Fall

SI International [SINT] yesterday posted lower net income despite higher sales as higher operating expenses outpaced the gain in sales. Net income fell 13 percent to $5.2 million, 39 cents earnings per share (EPS), from $6 million (45 cents EPS), in line with analysts expectations. Sales increased 19 percent to $137.2 million from $115.6 million, […]

Raytheon Gets $179M Add-on for e-Borders

The United Kingdom’s Home Office awarded Raytheon [RTN] an additional $179 million under the e-Borders program for extended functionality and services. The extended functionality and services relates to other passenger information carrier data normally held in reservation and departure control systems and provides an extended capability for the e-Borders system, allowing for the processing of […]

Northrop Grumman To Provide MEADS Navigation/Localization System

By Ann Roosevelt Northrop Grumman [NOC] Feb. 19 announced MBDA Italia has selected the company to provide the navigation and localization system for the U.S., German and Italian Medium Extended Air Defense System (MEADS) program. Terms of the contract were not disclosed. Under the contract, Northrop Grumman’s Italian subsidiary, Northrop Grumman Italia, will be responsible […]

L-1 Announces Nearly $6M in Contracts

L-1 Identity Solutions [ID] has received two contracts worth over $5.7 million, including a $3.7 award from Panama’s Tribunal Electoral de Panama to upgrade that country’s National ID system which also serves as voter registration system. Under the Panama contract L-1 will deliver DFR 2100 Single Fingerprint Readers, the ABIS System Search Engine for face […]

TSA Revises GE’s EDS Contract to Include New CTX 9400s

The Transportation Security Administration (TSA) has revised its previous order for 80 CTX 9000 DSi Explosives Detection Systems (EDS) built by General Electric [GE] to now include 41 CTX 9000 and 39 CTX 9400 unites. GE says there is no change to the value of the original contract, which was put at $76 million (TR2, […]

Lockheed Martin-led Team Captures Potential $1Billion NGI Award

The FBI awarded Lockheed Martin [LMT] a potential 10-year, $1 billion contract to be the systems integrator in the design, development and deployment of its Next Generation Identification (NGI) system, which will expand the agency’s current electronic fingerprint-based database to include multiple biometrics to better improve the identification and capture of criminals and terrorists. The […]

Earnings Notes And News

American Science & Engineering [ASEI]   3Q08 3Q07 Sales $42.6M $47.8M Net Inc. $4M, $0.43 $8.1M, $0.86 Results were lower than analysts expected with revenues falling 11% due to a 50% decline in sales of Z Backscatter Vans (ZBV), which was partially offset by increases in all other product and service areas. Profits fell 51% […]

L-3 Awards Analogic $15M for EXACT Systems

Analogic [ALOG] has received a $15 million contract from L-3 Communications [LLL] for Explosive Assessment Computed Tomography (EXACT) systems that serve as the core to L-3’s eXaminer 3DX Explosives Detection Systems used to screen checked baggage at airports. Deliveries will begin in June. Last August L-3 awarded Analogic a $17.5 million contract for EXACT systems. […]