DRS Technologies [DRS] late last Thursday posted higher fourth quarter earnings and sales although it benefited in good measure from a restatement of a hefty charge from the first quarter of fiscal year 2008 to the company's fourth quarter of 2007. An 18 percent increase in sales to $939.4 million from $798.9 million was driven by strong organic growth in three of its four reporting segments, led by the Reconnaissance, Surveillance and Target Acquisition business area. Sales were down in…
Contract Updates
BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000
BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…
Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583
Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…
Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230
Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…
EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650
EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…