Business/Financial
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Business/FinancialTough Government Spending Environment Trims Earnings And Sales At SAIC
SAIC [SAI] on Wednesday posted lower sales and earnings in its second quarter due to the challenging federal spending environment facing the government contractor community. Net income fell 6 percent […]
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Business/Financial
DHS Releases Draft RFP For Phase II of BioWatch Gen-3
Keeping its options open as it moves forward with testing of a prototype next-generation biological-detection system, the Department of Homeland Security (DHS) has issued a draft Request for Proposals (RFP) […]
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Business/Financial
Defense Industry Should Reevaluate Strategic Models, Senior Analyst Says
The defense business environment is changing, confusing, and prior models don’t offer a clear path forward, so defense companies should reevaluate their strategic models, a senior analyst said. Marty Bollinger, […]
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ArmyNorthrop Grumman Among Contractors Chosen For $1 Billion In Army Force Protection Work
The Army awarded Northrop Grumman [NOC] an indefinite delivery, indefinite quantity (ID/IQ) contract to provide force protection systems and components in theater and the continental United States. Northrop Grumman is […]
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Business/Financial
CACI Completes Accelerated Share Repurchase
CACI International [CACI] yesterday said it has completed the repurchase of 4 million shares of its common stock under an accelerated share repurchase agreement that it first announced in conjunction […]
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Business/Financial
Lockheed Martin Delivers Upgraded P-3 To CBP
Lockheed Martin [LMT] yesterday said it has delivered its third of 14 planned upgraded P-3 Orion maritime patrol aircraft to Customs and Border Protection (CBP). Lockheed Martin is upgrading most […]
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Business/Financial
Lockheed Martin Boosts Share Repurchase Authority By $1 Billion
Lockheed Martin [LMT] yesterday said it has approved an interim increase of up to $1 billion in its stock buyback program, which is expected to reach its current $3 billion […]
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Business/Financial
Stan Sloane Taking Over At Small Tech Firm Decision Sciences
Fresh off his departure from leading information technology services company SRA International, Stan Sloane has been appointed president and CEO of a small California-based technology firm, Decision Sciences International Corp. […]
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Business/Financial
Lockheed Martin To Acquire Firm Providing Healthcare IT Services To Government
Lockheed Martin [LMT] yesterday said it has agreed to acquire California-based QTC Holdings Inc., a provider of healthcare information technology (IT) services to the federal government. Terms of the deal, […]
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Army
Army Reopens Radford Army Ammo Procurement
The Army last week re-opened a competition to operate and maintain the Radford Army Ammunition Plant that Britain’s BAE Systems had won this spring from incumbent contractor Alliant Techsystems [ATK]. […]